What is the difference between accounting and finance? The major difference is first of all accounting is an art while finance is a science. Accounting is the art of identifying, recording and reporting financial information of business transactions while finance is the science of spending or investing of funds effectively. The accounting information is useful to the users to help them understand the financial position of the business while finance is useful to help predict future performance of the business.
Decision Making Process
Facebook and the rest of the social media companies serve to prove the epitome advanced by the father of internet that internet does not just connect the machines but it also links the people. The boundless nature of the internet means that once a company goes online..
Effective communication is an important and integral part of any group functioning. Managers need to communicate effectively in order for them to perform the basic functions of the management process. All aspects of management require the communication between the subordinates.