An organization is a collection of people who work together to attain specified objectives. There are two types of organization structure, that can be formal organization and informal organization. An organisation is said to be formal organisation when the two or more than two persons come together to accomplish a common objective, and they follow a formal relationship, rules, and policies are established for compliance, and there exists a system of authority. On the other end, there is an … [Read more...]
Difference Between Power and Authority
When the question is about influencing or manipulating others, two things go that side by side in the field of management are Power and Authority. These two are used to make people respond in the manner directed. Power is referred to as the capacity of an individual to influence the will or conduct of others. As against, authority is termed as the right possessed by a person to give the command to others. Many of us think that these two terms are one and the same thing, but there exists a … [Read more...]
Difference Between EBIT and EBITDA
The profitability and performance of a business concern can be calculated through various measures, which helps in comparing various companies operating in the same industry or sector. EBIT and EBITDA are the examples of such measures. EBIT or Earnings before interest and tax takes into account depreciation and amortisation while calculating the earnings of the company. Conversely, EBITDA or Earnings before interest and tax, depreciation and amortisation, is reckoned by adding back, the … [Read more...]
Difference Between Interest Rate and APR
The interest rate is the rate at which the money is borrowed. Many of us think that the interest cost is greatest, but there are some implied costs included in the cost of borrowing which we don't notice. On the other extreme, APR or Annual Percentage Rate is an example of such cost, that is described as the overall borrowing cost. Nowadays, loan and mortgage are considered as one of the best means to fulfil the monetary requirement of businesses and individuals, for which they need to pay a … [Read more...]
Difference Between Bank Rate and Repo Rate
Bank Rate and Repo Rate are the tools of RBI, which helps to control the money supply in the economy. They are the lending rates, at which the apex bank of the country lends funds to the commercial bank. The bank rate refers to the standard rate, at which the Central Bank of India readily purchases or rediscounts bills of exchange and other commercial paper, that are eligible for purchase under the act. Conversely, when the economic system of the country encounters liquidity shortages and the … [Read more...]
Difference Between Statutory Audit and Tax Audit
Audit means an examination of books of accounts, conducted with the purpose of establishing the fact that the accounting records presents a true and fair view. Many people get confused amidst statutory audit and tax audit in this context. While the former is an audit carried out under the Companies Act, the latter is an audit conducted under the Income Tax Act. The rules related to the audit of financial statements of an entity are dealt in the statutory audit. On the other extreme, the … [Read more...]
Difference Between Tariff and Quota
When it's about international trade, normally Government of various countries intervenes in the name of protection. It is a policy of the government, to protect domestic industries from foreign competition. You often heard the terms tariff and quota, in this context. The tariff is a tax on imports while quota is a sort of quantity limit set on imports. However, they do not outrightly influence the domestic business operations. As both are the methods used by the government to reduce imports … [Read more...]
Difference Between Formative and Summative Assessment
Assessment refers to the evaluation of something. When it comes to learning, students are assessed by the educational institution, to analyse their learning graph, their understanding level and progress. It also helps in planning further study material. Assessment can be of two types, i.e. it can be formative or summative. The formative assessment (FA) is conducted during the learning process. On the contrary, summative assessment (SA) is undertaken only at the end of the course or unit. The … [Read more...]
Difference Between CPI and RPI
CPI and RPI are two popular methods of measuring inflation. As both indexes use a basket of goods for calculating inflation, it is hard to differentiate them. While, Consumer Price Index (CPI) which is projected, by taking the average price of the economic output purchased by the consumers as a base, while Retail Price Index or RPI measures the variations in prices of retail economic output. The first and foremost difference between CPI and RPI is that While the consumer picee index excludes … [Read more...]
Difference Between Basic and Diluted EPS
Basic Earning Per Share is the ratio, that is reckoned to know the earnings available to each equity share. It is calculated by considering company's ordinary shares. On the other extreme, diluted earnings per share are computed when there are potential shares, i.e. convertible securities, in the company's financial structure. Earning per share (EPS) as its name suggests, it is that portion of the profit which is attributable to the shares outstanding. Financial Accounting Standard Board … [Read more...]
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