Accounting is primarily concerned with matching revenues and expenses while finance focuses on identifying cash inflows and outflows.

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Accounting involves recording, summarizing, and reporting financial transactions, with a key principle being the matching of revenues with the expenses incurred to generate them. Finance, on the other hand, is more concerned with the management of money, including planning, raising, and controlling funds, focusing on cash flows and the financial health of an entity.

Accounting Is Primarily Concerned with Matching Revenues and Expenses While