In comparing the roles of accounting and finance:
A)accounting gathers information,while finance interprets this information.
B)finance gathers information,while accounting interprets this information.
C)they are virtually the same,as the terms can be used interchangeably.
D)they are very different from each other,and never would have the same boss.

Question

Quizplus · Accepted Answer

Accounting is responsible for collecting and recording financial transactions, while finance is responsible for analyzing and interpreting this financial information to make strategic decisions. Therefore, option A is the correct answer.

In Comparing the Roles of Accounting and Finance