Business Infographics on LinkedIn: Accounting vs. Finance Cheat Sheet Credits to Oana Labes, MBA, CPA… (2024)

𝐋𝐢𝐤𝐞, 𝐂𝐨𝐦𝐦𝐞𝐧𝐭, 𝐑𝐞𝐩𝐨𝐬𝐭 to share with your audience and get this and many other infographics in a free full size pack here: https://lnkd.in/esk7wgHN 📌

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Accounting is not finance. Consolidated cheat sheet Finance vs Accounting

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🔍 Understanding the Difference Between Accounting and Finance 📊Accounting and Finance are two distinct yet closely related fields that are vital for organizational success. To help you distinguish between the two, we've put together a quick cheat sheet. 📌 Accounting: Focuses on recording, summarizing, and reporting financial transactions.📌 Finance: Involves managing the financial resources of an organization to achieve its goals.Understanding the difference between accounting and finance is crucial for individuals and companies alike. 💼 By leveraging this cheat sheet, individuals can steer their careers in the right direction, while companies can optimize their financial management practices for sustainable success. Hit the like button or leave a comment if you want to see more content like this. 💼💡 ......#Accounting #Finance #BusinessInsights #CareerTips #financialmanagement #careerdevelopment #organizationalgoals#cheatsheet #programming #tools #BRS #digitalmarketing #tuitioncentre

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Accounting vs. Finance Cheat Sheet from Oana Labes, MBA, CPA Because Accounting is Not Finance.👉 Get the link to the PDF ($) https://lnkd.in/dsb9K2WqWhy you need this?:Accounting and Finance and not the same.They define value differently.They have different objectivesThey have different perspectivesThey require different technical skills.Knowing how they differ will help you appreciate how each of them ads value.Knowing how they work together will help advance your career.👉 𝐇𝐞𝐫𝐞 𝐢𝐬 𝐰𝐡𝐚𝐭 𝐭𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐯𝐬. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐂𝐡𝐞𝐚𝐭 𝐒𝐡𝐞𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐬:🎯 Accounting vs. Finance Differences across Scope, Focus, Timeframe, Regulatory environment and Tools of their trade🎯 Accounting vs. Finance Designations to learn what they mean and what to pursue🎯 Accounting vs. Finance Careers to learn about their work🎯Accounting vs. Finance in the CFO Office🎯 Accounting vs. Finance KPIs to help you learn what to monitor🎯The Accounting Budget Flow to help you learn how budgets are built🎯20 Confusing Accounting Topics to help you differentiate between them🎯10 Essential Finance Skills for Managers to help prioritize what to learn🎯 The Financial Analysis Scorecard to help structure your financial analysis🎯5 Key EBITDA Ratios to help you make better use of EBITDA

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Accounting vs. Finance Cheat SheetOriginal Content Creator: Oana Labes, MBA, CPA (give her a follow)-----Accounting and Finance and not the same.They define value differently.They have different objectivesThey have different perspectivesThey require different technical skills.Knowing how they differ will help you appreciate how each of them ads value.Knowing how they work together will help advance your career.👉 𝐇𝐞𝐫𝐞 𝐢𝐬 𝐰𝐡𝐚𝐭 𝐭𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐯𝐬. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐂𝐡𝐞𝐚𝐭 𝐒𝐡𝐞𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐬:🎯 Accounting vs. Finance Differences across Scope, Focus, Timeframe, Regulatory environment and Tools of their trade🎯 Accounting vs. Finance Designations to learn what they mean and what to pursue🎯 Accounting vs. Finance Careers to learn about their work🎯Accounting vs. Finance in the CFO Office🎯 Accounting vs. Finance KPIs to help you learn what to monitor🎯The Accounting Budget Flow to help you learn how budgets are built🎯20 Confusing Accounting Topics to help you differentiate between them🎯10 Essential Finance Skills for Managers to help prioritize what to learn🎯 The Financial Analysis Scorecard to help structure your financial analysis🎯5 Key EBITDA Ratios to help you make better use of EBITDA____________________Original Content Creator: Oana Labes, MBA, CPA (give her a follow)

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5 Comments

#accounting #finance Thank you so much for your beautiful, informative and instructive infographic.I just want to say that the KPIs which are called as Accounting, are not accounting and giving us kpi from different Functions. In other hand the KPIs which you called as Finance, are usually giving us indicators regarding to organization (rather than functions).I also will send you other comments in the future.

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Really useful to explain this.

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This is a valuable tool for accounting and finance!

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Accounting vs finance. They go together like peanut butter and jelly 😊. It is always good to be reminded that we manage the business and not the numbers! But you have to understand the numbers to run the business effectively. I guess it’s not really a “versus” conversation but an “and” conversation. #finance #business #accounting #energytransition #bp

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Accounting and finance are critical components of any organization, regardless of its size, #industry or location. These functions play an essential role in ensuring the financial health and sustainability of an organization. Some of the key points on the importance of accounting and finance:Decision-making: Accounting and finance provide information that supports decision-making processes, helping management make informed and strategic decisions. #Financial reports and analysis provide #insights into the financial health and #performance of the organization, enabling management to identify #strengths and #weaknesses and make informed decisions.Budgeting and forecasting: Accounting and finance help organizations plan for the future by preparing #budgets and #forecasts . These financial plans provide a road map for the organization, helping it allocate resources effectively, manage costs, and achieve its #goals.Compliance: Accounting and finance are essential for compliance with #legal and #regulatory requirements. They ensure that the organization follows accounting standards and #tax laws, maintains accurate financial records, and meets reporting obligations.Investor relations: Accounting and finance help maintain positive relationships with #investors by providing accurate and transparent financial information. This helps build trust and confidence among investors and #stakeholders , which is critical for the organization's #success .Growth and expansion: Accounting and finance provide insights into the financial feasibility of growth and expansion plans. They help #organizations identify #opportunities for #growth ,assess the #financial_risks and #rewards , and develop #strategies to #support #growth initiatives.

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