Tag Archives: Accounting

Relationship of Finance to Economics and Accounting

By | June 13, 2018

Financial management has a close relationship with economics on the one hand and accounting on the other. Relationship of Finance to Economics: There are two essential linkages between economics and finance. The macroeconomic environment defines the setting within which a firm operates and the microeconomic theory provides the conceptual underpinning for the tools of final decision-making. Key macroeconomic factors like the… Read More »