Is Microsoft Outlook and Account the same?

A Microsoft Account is a password and email address that people can use with Office, One Drive, Skype, Xbox, Windows and Hotmail. When people create a Microsoft Account, thaty can use any email address that they want to and create a user name, and addresses from Gmail, Yahoo, and Outlook.com

Microsoft Information
http://tinyurl.com/y23w368r

Microsoft Video
​https://www.youtube.com/user/Microsoft