The Student Room Group

Accounting vs finance

What is the difference between the two. For example the difference between economics and finance and economics and accounting?
Original post by Zns2019
What is the difference between the two. For example the difference between economics and finance and economics and accounting?

So economics is largely the academic study of the economy- it's fairly closely related to politics in many ways.

Finance and accounting will both perhaps be more applied than economics, but finance focuses more on financial strategy (planning and analysis)/wealth management/creating and managing capital.

Whereas accounting focuses on recording, maintaining and reporting financial records- it's a more technical and less strategic role.

Quick Reply