Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Finance is not about the , it is about the We use numbers to make decisions. We use accounting data to a situation or scenario,

Finance is not about the
, it is about the
We use numbers to make
decisions. We use accounting data to
a
situation or scenario, and we use accounting formats to
information. Accounting is not about the arithmetic, it is about the
. The biggest
difference between accounting and finance is that accounting looks
to
while finance looks
to
:: arithmetic
:: categorize, quantify and report on what happened
:: down
: organize
:: objective
: what is going to be made to happen, and what that is worth, and what risks are involved
:: understand
:: subjective
: up
:: reasoning
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel

3rd Canadian Edition

0470836792, 978-0470836798

More Books

Students also viewed these Accounting questions