(Answered) 1 discuss the difference between accounting and finance2

Accounting

1. Discuss the difference between accounting and finance.

2. Describe the types of accounting systems and who uses financial information.

3. Discuss how financial statement analysis is used as a risk identification method.

4. Explain the purposes and components of an income statement, balance sheet and statement of cash flows.

5. Discuss the definition of cost of capital and the sources of capital to the organization.

6. Discuss the purposes and formulas of common financial ratios in time series and cross section analysis.

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