Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period,

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Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting. Basically, finance represents money management and the process of acquiring needed funds.

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Being an entrepreneur means that you’ll often blaze your own trail: No career guides, counselors or maps will guide you from one step to the next: You’ll have to make it up as you go. Being a business owner also means you have to follow up on the trail you started with and add more changes to improve on your business.

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