Difference between book keeping and accounting - What is accountancy?

Difference between book keeping and accounting

1. Book keeping is just record of transaction, but accounting is huge science of recording, classification, analyze and summarizing of business transaction and interpretation of different result.
2. A book keeper always works under head accountant and book keeper is often said account assistant.
3. Calculation of tax and filling of tax return is the part of duties of accountant. But, he can take help from book keeper for tracking the total of the incomes of business.
4. Book keeping is just like machine work in which book keeper passes the vouchers into books but accounting work is fully professional and need high experience for analysis and interpretation of financial statements.
5. Most difficult part of book keeping work is to reconciliation of bank account with pass book, cash balance with physical cash in hand, stock in books with physical stock in Godown. Most difficult work of accountant is to make final account and analysis of financial statements.

What is accountancy?
Accountancy is the practical form of accounting. In many countries, all accounting courses are done by using word
accountancy courses. I think, accountancy is fully academic term of accounting.
Accountancy is related to making of final accounts and preparing of financial reports which are useful for business,
debtors, creditors, tax authorities and employees. In the British, Professional accountants have made the Consultative
Committee of Accountancy Bodies. CCAB is now a limited company with six members:
The Institute of Chartered Accountants in England and Wales (ICAEW)
The Institute of Chartered Accountants of Scotland (ICAS)
The Institute of Chartered Accountants in Ireland (ICAI)
The Association of Chartered Certified Accountants (ACCA)
The Chartered Institute of Management Accountants (CIMA)
The Chartered Institute of Public Finance and Accountancy (CIPFA)
But, In India, accountancy is just basic introduction of accounting at secondary level and full course completed in graduate with learning of different subjects like financial, cost, management and corporate accounting. Both accountancy and accounting is branch of science and professional accountants use this science for recording, classify, analysis and summarizing of transactions of business and main aim is to provide useful information to interested parties regarding their business.