whtz the difference between ACCOUNTS & FINANCE?

[jbladeus]

In some organizations, esspecially in govt. organizations, i've observed that they have separate finance and accounts departments. In such organizations, the accounts department is responsible for book keeping and preparation of financial statements, whereas the finance departments are concerned with financial planning, for the forthcoming periods and managing various sources of finance, such as long-term loans or R/F facilities. They are also responsible for liasioning with different finance providers.

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