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Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show the economic resources under the control of management; the art lies in selecting the information that is relevant to the user and is reliable. The priciples of accountancy are applied to business entities in three divisions of practical art, named accounting, bookkeeping, and auditing. (Wikipedia)
Finance is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created for transacting and trading assets, liabilities, and risks. Finance is conceptualized, structured, and regulated by a complex system of power relations within political economies across state and global markets. Finance is both art (e.g. product development) and science (e.g. measurement), although these activities increasingly converge through the intense technical and institutional focus on measuring and hedging risk-return relationships that underlie shareholder value. Networks of financial businesses exist to create, negotiate, market, and trade in evermore-complex financial products and services for their own as well as their clients’ accounts. Financial performance measures assess the efficiency and profitability of investments, the safety of debtors’ claims against assets, and the likelihood that derivative instruments will protect investors against a variety of market risks. (ibid)
At Atkins Academy we offer a selection of Accounting & Finance related courses from general bookkeeping, via accounting and audit. Our courses range from Level 1 to Master's Degree Level.
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