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Accounting is a system for the delivery of financial information. It involves the recording of transactions and preparation of the financial statements, along with financial statement analysis regarding financial health of firms. Accountants are tasked with ensuring that events have been accurately recorded and that the financial statements accurately reflect the financial condition of the business.
Finance takes the organized information provided by accounting and uses it to help run a company on a daily basis and make long term financing and budgeting decisions. Finance is dedicated to ensuring that there will be sufficient cash flowing into a business in the future to achieve the goals of the business. Because Finance deals with the future, it must deal with risk and uncertainty. Anticipating, evaluating, and managing these risks and uncertainties is a large part of the responsibility of financial managers
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