Question

Financial Management and financial accounting are the same its true or false​

Answer 1

Answer:

False

Explanation:

Financial management deals with managing finance and it is different from financial accounting.

Answer 2

The statement that Financial Management and financial accounting are the same is False. This can be explained as below:

Financial accounting

• Financial accounting can be defined as a branch of accounting that keeps track of the financial transactions of the company.

• The end-users of Financial accounting are management shareholders, creditors, regulators.

Financial Management

• Financial Management can be defined as the process to manage the resources.

• The end-users of Financial Management are majorly the management of the company and the shareholders.