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Set up stiff targets for executing a job and work relentlessly to exceed your own expectation. Make winning a habit.’ – says Mr. Rajneesh Jain, President & CFO – Reliance Jio. Mr. Rajneesh Jain is a Cost & Management Accountant (CMA). He is an accomplished finance veteran with over 30 years of professional experience in the industry. He has worked with a number of established organizations previously namely RCom, Indo Rama Synthetics, Ispat Industries, and…

Accounting is a process of recording, reporting, and analyzing a company’s financials. Bookkeeping is the recording part of the accounting process, in which the business financial transactions are entered into a database.  Both Accounting and Bookkeeping are essential for every business organization; it’s because they can deal with financial data and generate reports using financial transactions. Besides, both these processes have their own set of advantages. The major misconception regarding Accounting vs Bookkeeping is that…

The difference between accounting and finance is that accounting is referred to as the flow of money in and out of an institute/company/organization. In contrast, finance is a term for the management of liabilities, assets, and planning of future growth. Accounting is more about compliance with laws and standards. Finance is all about growing money and mitigating losses.  Making a choice: Accounting vs Finance: Among accounting and finance, it’s hard to conclude which is best.…