Auditing is a great way of assessing the effectiveness of an organization's internal control system and compliance with statutory laws and rules applicable to the enterprise. Financial Audit is not a new term for business class and all the other people relating to it, as it is the legal requirement of the companies, government organizations and institutions. All the companies, whether profit-making or not, have to get their accounts audited every year by an auditor. Financial Audit is often … [Read more...]
Difference Between Angel Investor and Venture Capitalist
Startup financing refers to the primary introduction of funds, through various sources of finance, to convert the idea into the product or service, by commencing the business. Angel Investor and Venture Capital are the two major alternatives to startup financing. Angel Investors are wealthy individuals who facilitate young entrepreneurs and startups with financial backing in the early stages. On the contrary, Venture capitalist is a firm, comprising of a team of financial experts or a … [Read more...]
Difference Between Zip Code and Postal Code
We all know that whenever we write our postal address while sending something to someone at another place, we have to mention code at the end, for which specific place is provided. These codes can be numbers or a combination of numbers and letters which stands for geographic location, point or route. They are postal codes which are used by the postal department or courier companies in automated sorting of the piece of mail and quick delivery. However, the postal code is not used by all the … [Read more...]
Difference Between Certified and Registered Mail
Certified Mail is a postal service, started by the postal department to provide an assurance to the customer or say the sender that the mail has been sent successfully and to certify that delivery or efforts to deliver the parcel, has been made. On the other hand, Registered Mail, aims at providing high-level security and a recorded chain of custody, in the entire postal network, for the articles of high value. To make a choice between these two is quite difficult. However, one can choose … [Read more...]
Difference Between Cost Centre and Cost Unit
An accountant needs to ascertain the cost of the cost object (i.e. product, service or activity) either by cost centre, cost unit or by both. Cost Center is nothing but just one portion of the entire organization, to which cost is charged. On the other hand, Cost unit refers to the unit in which cost is expressed. The choice of an appropriate cost centre or cost unit, for which cost is assessed is based on various factors like the organization of factory, size and structure of the concern, … [Read more...]
Difference Between Costing and Cost Accounting
Cost refers to the actual or estimated amount of expenses incurred or to be incurred on a particular article, or activity. The concepts of costing and cost accounting are related to cost accountancy, which is commonly juxtaposed by the students. Costing is concerned with the method of assessing the cost of goods produced and services rendered, at different stages of the production process. On the contrary, cost accounting is associated with the recording of income and expenses, determination … [Read more...]
Difference Between Tax Planning and Tax Management
Tax refers to a mandatory contribution of a person towards the country's revenue, which is imposed by the government (central or state) on the income or wealth of the persons or included in the cost of goods, services or transactions. Every assessee wants the tax liability to be minimum and for this, he/she can take recourse to tax planning through which tax burden can be reduced to a minimum, by using legitimate ways and means. Tax planning is often misconstrued with tax management, which … [Read more...]
Difference Between Advertising and Propaganda
Advertising, needs no introduction, as it is something which we all are quite aware of. We come across hundreds of advertisements, in a day while reading the newspaper, using internet or social media sites, watching TV, travelling on the roads, etc. It uses the multimedia platform to promote a product, service or event, by using various innovative and thought-provoking ideas, so as to persuade customers in such a way that they buy or try the product or service. Advertising is often confused … [Read more...]
Difference Between Absolute and Comparative Advantage
Absolute advantage is one when a country produces a commodity with the best quality and at a faster rate than another. On the other hand, comparative advantage is when a country has the potential to produce a particular product better than any other country. Due to the effect of globalization, one can enjoy Brazilian coffee, while living in the United States or go for a drive in a German car, on the roads of London. International trade helps the countries to expand their market and sell the … [Read more...]
Difference Between Fundamental and Technical Analysis
Fundamental Analysis studies all those factors which have an impact on the stock price of the company in future, such as financial statement, management process, industry, etc. It analyzes the intrinsic value of the firm to identify whether the stock is under-priced or over-priced. On the other hand, technical analysis uses past charts, patterns and trends to forecast the price movements of the entity in the coming time. Stock prices change every minute, and so every investor is keen to know … [Read more...]
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- 6
- …
- 88
- Next Page »