Discover and read the best of Twitter Threads about #FinanceIsNotAccounting
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1/ If I had a penny for every CEO out there frustrated with their Controller not handling reporting, and tax planning, and financial analysis, and strategic long term forecasting and dynamic financial modelling...
Accounting and Finance are not the same.
Accounting and Finance are not the same.
2/ They are distinct functions.
They have distinct responsibilities.
And they each require a different focus and set of skills.
They have distinct responsibilities.
And they each require a different focus and set of skills.
3/ Accounting looks back conservatively, focusing on reporting, compliance, and record keeping.
Finance looks forward strategically, focusing on analysis & decision-making.
Both play critical & complementary roles in the company's financial success.
Finance looks forward strategically, focusing on analysis & decision-making.
Both play critical & complementary roles in the company's financial success.
