ACT Treasury Practice Test & Exam Prep | United Kingdom

Treasury focuses on managing future cash flows, financial risks, and capital structure, whereas financial accounting focuses on recording historical transactions and external financial reporting. Treasury is primarily responsible for calculating tax liabilities, whereas accounting manages bank relationship management and liquidity. Treasury prepares the annual statutory balance sheet, whereas accounting determines dividend policies and debt issuance. Treasury is responsible for inventory valuation, whereas accounting manages short-term interest rate risk hedging.