Opportunity Cost vs Marginal Cost The concepts of opportunity cost and marginal cost are important in the case of industries where goods are being produced. Though not directly linked to each other, they play an important role in deciding increase of production in the most profitable manner. This article will take a closer look at […]
Difference Between Gross Working Capital and Net working Capital
Gross Working Capital vs Net working Capital Working capital of a company is one of the most important measures in any financial statement that is also easy to calculate. It is a reflection of the current financial condition of a company that enables investors to know about the health (financial) of a company. However, there […]
Difference Between Prepaid and Unearned Account
Prepaid vs Unearned Account In accounting parlance, there are two accounts that create confusion in the minds of accountants as both look similar. These are prepaid and unearned accounts. Though they are similar, there are differences between these two accounts that will be discussed in this article to remove all doubts regarding them. Prepaid account […]
Difference Between DDM and DCF
DDM vs DCF What is DCF and DDM? For those who are not aware of the jargon used by financial experts, the acronyms DCF and DDM may look outlandish, but ask those who are into money market and the shareholders of a company and they will tell you the importance of these terms in valuation […]
Difference Between Tangible and Intangible Cost
Tangible vs Intangible Cost The difference between tangible and intangible cost is often subtle but can have great consequences for a company. People sometimes look at tangible costs only overlooking or ignoring intangible costs for which they pay dearly later in life. Tangible refers to things we can see and feel whereas intangible are things […]
Difference Between Income and Revenue
Income vs Revenue Income and revenue are two important components of a financial statement. If you look at the financial statement of any company the first entry that is made is of the sales or the revenue generated. This is the figure that tells the amount of cash flow in the business during the time […]
Difference Between China GAAP and US GAAP
China GAAP vs US GAAP Though basic principles of accounting remain the same the world over, region specific cultural influences and centuries old practices of accountants tend to make minor differences in the manner in which accounts are kept in a particular country. It is the intention of International Financial Reporting Standards (IFRS) to have […]
Difference Between Balance Sheet and Income Statement
Balance Sheet vs Income Statement Balance sheet and income statement are part of the financial statements of a company for the perusal of all the stakeholders. Though both, income statement and balance sheet, have similarities as well as differences, they are used side by side by those who are desirous of understanding the financial health of […]
Difference Between Annual Report and Financial Statements
Annual Report vs Financial Statements Financial statements are a record of all financial activities of a company and are prepared in a structured manner so as to be easily understood by all, mainly the investors, shareholders and the SEC. An annual report on the other hand contains much more than mere financial statements though the […]
Difference Between QuickBooks and Quicken
QuickBooks vs Quicken Keeping track of investments and expenditure is important for everyone whether it is for individual purposes or for organizations. You can do it manually or you can take of financial software for this purpose. QuickBooks and Quicken are very popular software to track income and expenditure. Though both serve the same basic […]