Taxable Income vs Adjusted Gross Income Taxable Income and Adjusted Gross Income are clearly defined terms, yet some people find them to be confusing when it comes to computing income tax that they need to pay for any financial year. In most of the countries, income tax is progressive as tax rate goes up with […]
Difference Between Management Accountant and Chartered Accountant
Management Accountant vs Chartered Accountant Management Accountant and Chartered Accountant are both from the same profession but the scope of their job differs. The word chartered accountant has become very commonplace and majority of the people are aware of the fact that he is a person qualified to work in the fields of business and […]
Difference Between GAAP and IFRS
GAAP vs IFRS GAAP vs IFRS GAAP and IFRS are two of the accounting rules and guidelines that regulate the financial reporting standard. All over the world, different procedures for computing financial results of companies are being observed which are known as their versions of GAAP or local GAAP. This is nothing but generally accepted […]
Difference Between GAAP and IAS
GAAP vs IAS To talk about differences between GAAP and IAS, we first need to have an understanding of the two concepts. For a layman, GAAP refers to General Accepted Accounting Principles that are a framework within which financial statements of any company are prepared, summarized and analyzed. They reflect the standards, rules and conventions […]
Difference Between Indian GAAP and US GAAP
Indian GAAP vs US GAAP Accounting is an important part of every enterprise, be it small or big. Where ever in the world one trades accounting has to be proper and according to the guidelines set by the government of that place. Basic principles of accounting are same everywhere but there are some differences in […]
Difference Between Excise and VAT
Excise vs VAT For any government to function effectively, it needs revenues to carry on with its responsibilities. These revenues are generated through taxes of various types that are categorised into direct and indirect taxes. While income tax is a direct tax, both excise and VAT are types of indirect taxes and constitute a bulk […]
Difference Between Excise Duty and Custom Duty
Excise Duty vs Custom Duty There are many taxes that a local government collects from people running their businesses or doing service in that country. There taxes are collected to meet the expenses incurred by the government in developing infrastructure and providing basic necessities to its citizens. These taxes are of two types direct and […]
Difference Between Duty and Tax
Duty vs Tax Any government has many responsibilities to fulfil for the development of the country and its people. For this it needs resources and these resources come from various sources such as taxes and duties. Thus duty and tax are two important sources of revenue for the government. Both tax and duty are not […]
Difference Between IRR and NPV
IRR vs NPV When the exercise of capital budgeting is undertaken to calculate the cost of a project and its estimated returns, two tool are most commonly used. These are Net Present Value (NPV) and Internal Rate of Return (IRR). When evaluating a project, it is generally assumed that higher the value of these two […]
Difference Between Bookkeeping and Accounting
Bookkeeping vs Accounting Bookkeeping and accounting are two different departments dealing with the accounts of company. Bookkeeping is the initial stage, in which we keep the record of income and expenditure, whereas in Accounting department accountants analyze the company’s financial activity and prepare reports. Both are very important for the proper management and financial success […]
- « Previous Page
- 1
- …
- 25
- 26
- 27