financial and capital account

what’s the difference between those two accounts?

I thought they were the same.

Pretty sure they are the same

actually CFAI materials define them a little differently

How so?

from what i remember they define financial account as a small subaccount of capital account that consists of gifts of foreign governments, etc i guess there is no point in discussing as it won’t come up on the exam

Just a confidence crusher then? :wink:

no, i don’t remember the difference either i remember someone describing the difference in the fall and then i saw that in the CFAI materials and decided to ask i guess it was a stupid question on my part

Not stupid. I am just in the dumps.