How is finance different from accounting?

How is finance different from accounting?
Accounting is basically the system of making records, verifications and reporting of value of assets, liabilities, expenses and income in the accounts books. The transactions are posted chronologically to record changes in value of assets and liabilities.

On the other hand, Finance refers to the time, money and risk associated with a specific business. Finance is different because it works on the accounting information to predict future trends or to make decisions about the future.
Accounting relates to preparation of accounting records, preparation, analysing and interpretation of financial statements.

The study of finance consists of the study of money and capital markets (macroeconomics), investments (management of personal and business portfolios), and managerial finance, the actual management of the firm.

Accounting is the methodical or precise recording, reporting, and assessment of financial deals and transactions of a business. Accounting also involves the preparation of statements or declarations concerning assets, liabilities, and outcomes of operations of a business. Personal finance is a management of assets and liabilities in an efficient way. In a way, they are related to each other and yet they also have differences between each other.
The concept of the matter is accounting is an essential part of finance. It is a sub-function of finance. Accounting produces information about the operations of a business. The end-product of accounting is composed of financial declarations such as balance sheets, income declarations which include the profit and loss accounts, and the declaration of changes in financial position which includes sources and uses of funds declaration. The data kept in these declarations and reports aids financial directors in analyzing the previous performance and future inclinations of the company and in satisfying certain legal duties and responsibilities, such as payment of taxes and many more. Therefore, accounting and finance are practically closely connected.
One difference is associated with the treatment of funds and the other is associated with decision making. In accounting, the system of determination of funds; that is, income and expenditures, is based on the accrual system. Revenue is acknowledged at the point of sale and not when it was collected. Expenses are acknowledged when they are incurred than when they are paid. However, in finance, the system of determination of funds is based on cash flows. The revenues are acknowledged during the actual receipt in cash as in cash flow and the expenses are acknowledged when the actual payment is made as in cash outflow.
Another difference between accounting and finance is with respect to their purposes. With accounting, it aims to collect and present financial information. It furnishes constantly improved and easily interpreted previous data, present and future inclinations of the company. Meanwhile, financial director's prime duty and responsibility associates to financial strategy, managing and controlling, and decision making. Therefore, in a sense, finance starts where accounting ends.