My finance prof explained the difference between Acct and Fin this way
Finance is about cash flow. In the end, cash flow is what matters to business (and individuals, for that matter). You can have all the assets, net worth, "profit," or whatever else in the world, but without good cash flow, you've got nothing.
Accounting is basically for calculating your taxes...which are one of your cash flows.
Probably a pretty biased take given his profession, but I've yet to find that he was wrong.
Thread Replies (23)
whats the difference between an accounting and finance major?**
-- bigbadbird
May 11, 2023 at 03:25 PM ET
bigbadbird
•
05/11/23 03:25 PM ET
My finance prof explained the difference between Acct and Fin this way
◄
-- Tafkam Hokie
May 12, 2023 at 11:46 AM ET
Tafkam Hokie
•
05/12/23 11:46 AM ET
My son has a finance major and is making more that me.
-- Guy LeDouche
May 12, 2023 at 10:28 AM ET
Guy LeDouche
•
05/12/23 10:28 AM ET
With or without a distinction? **
-- TomTurkey
May 11, 2023 at 07:25 PM ET
TomTurkey
•
05/11/23 07:25 PM ET
An finance major is actually a 2nd lieutenant in the accounting corps.**
-- PhotoHokieNC
May 11, 2023 at 06:26 PM ET
PhotoHokieNC
•
05/11/23 06:26 PM ET
Ones interesting and ones auditing**
-- Nelsonia Hokie
May 11, 2023 at 04:21 PM ET
Nelsonia Hokie
•
05/11/23 04:21 PM ET
Fast cars, hot girls, pro sports team owner describes
-- Vippie1
May 11, 2023 at 04:55 PM ET
Vippie1
•
05/11/23 04:55 PM ET
Said as a former Acct Major**
-- Nelsonia Hokie
May 11, 2023 at 04:21 PM ET
Nelsonia Hokie
•
05/11/23 04:21 PM ET
I took one accounting class. I dropped halfway through
-- hoosnowahokie
May 11, 2023 at 04:38 PM ET
hoosnowahokie
•
05/11/23 04:38 PM ET
One started as an engineering major, the other had no delusions of grandeur**
-- Kudelski
May 11, 2023 at 03:56 PM ET
Kudelski
•
05/11/23 03:56 PM ET
There's a big GAAP between the two professions.**
-- Tank
May 11, 2023 at 03:39 PM ET
Tank
•
05/11/23 03:39 PM ET
That gaap can be a liability or an asset, depending on you point of view.
-- Guy LeDouche
May 11, 2023 at 04:07 PM ET
Guy LeDouche
•
05/11/23 04:07 PM ET
Finance majors are more apt to be involved in investing, CFP type of
-- Hokebury
May 11, 2023 at 03:35 PM ET
Hokebury
•
05/11/23 03:35 PM ET
Finance majors take a lot of easier classes, said by the accounting major **
-- UEMcGill
May 11, 2023 at 03:33 PM ET
UEMcGill
•
05/11/23 03:33 PM ET
yep which is proof in itself that finance majors are smarter**
-- Vippie1
May 11, 2023 at 04:57 PM ET
Vippie1
•
05/11/23 04:57 PM ET
I thought you were going.......
-- 2hhoop3
May 11, 2023 at 04:03 PM ET
2hhoop3
•
05/11/23 04:03 PM ET