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What is the main difference between financial management and financial accounting?

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1. surely thats a simple question. financial management is controlling how money is spent, where as financial accounting is just recording money spent.
2. Accounting would be adding up the figures and giving you your numbers. Management would be showing you how to manage the money the accountant says you have. be cool...
3. Managing money and just keeping record of it.
4. accounting is the art of keeping records that reflect your past present and even your future needs and goals of a business. Management, is just that manage, advising, teaching, training, or leading others that do this type of work.
5. financial accounting deals with recordkeeping of accounting entries. these are associated with debits and credits. financial management is about managing the finances of the company. it makes ouse of the financial accounting data to such as net income to analyze the performance of the company
6. The former is pro-active, the latter re-active. Management is actually 'running' the financial function; accounting is amalgamating the information after the period has ended. Hope this helps.
7. Management is before you get it wrong, accounting is to show how wrong you got it. lol Seriously, management is about setting budgets and targets and accounting is about providing the proof of what you said you did. The accounting process cannot take place until after the event/s of spending. The management is the ongoing control of expenditure in relation to changing events/circumstances not known at the time of forecasting/budgeting.
8. Financial accountant is accountable to Financial Management.
9. In the main, Financial Accounting relates to the keeping of the statutory books of account, and the production of statutory financial accounts eg, Profit and loss a/c and balance sheet, and all other legally required financial reports and information including, VAT returns and Tax Returns etc. Financial Management relates mainly to in house, though probably not required to meet statutory requirements but nonetheless considered essential for the running of the business. Examples are - Budgetary Control, Cash Flow Projections, Investment Appraisals, Management Accounts, (showing by dept/cost centre a break down of the organisations income/expenditure) Product Costing etc. The above gives an abridged idea of the main differences, but it should be understood that much of the data used in both areas derives from info. contained within the financial books of account. Retired Qualified Accountant.
10. Financial Management involves running a business, forecasting sales, etc., and making related decisions. Financial Accounting involves recording and reporting balances sheets, income statements, cash flows and regulatory accounting requirements. Also as a financial services executive, I recommend checking out www.learntosucceed.biz. They can make the difference, sound career advice and they will answer your specific questions. Good Luck.
11. According to Phillippatus, "Financial management is concerned with the managerial decisions that result in the acquisition and financing of short term and long term credits for the firm". Here it deals with the situations that require selection of specific assets (or combination of assets), the selection of specific problem of size and growth of an enterprise. Here the analysis deals with the expected inflows and outflows of funds and their effect on managerial objectives. So, it means two main aspects of financial management like procurement of funds and an effective use of funds to achieve business objectives. The main purpose of financial accounting is to prepare financial reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities. . Financial accounting is performed according to Generally Accepted Accounting Principles (GAAP) guidelines.