In which way is accounting different from finance?

Accounting forecasts future performance, given the past, while finance records past performance.

Accounting is backward looking, while finance is focused on the future.

Accounting is focused on allocating capital, while finance is focused on bringing in capital.

Accounting is about budgeting, saving, and borrowing, while finance is about investing, forecasting, and lending. - ANS Accounting forecasts future performance, given the p...
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