Accounting and Financial Management are frequently twinned, especially because in the smaller companies the same person tends to carry out both functions. However, the two are esentially different subjects.
Accounting is concerned with the recording processes and interpretation of accounting and financial data, whether to those within the enterprise (Management accounting), or to those outside it (Financial Accounting). It is, therefore a, servicing activity.
However, Financial Management is concerned mainly with the management of the financial aspects of the business. It is, therefore, a managerial function, just like production, marketing, or human resource management.