Key Difference – Job Costing vs Batch Costing Job costing and batch costing are two specific order costing systems that are used by businesses. When the products are different from one another, or when a range of products are manufactured by the same company, it is difficult to assign the costs using a standard basis. […]
Difference Between Relevant and Irrelevant Cost
Key Difference – Relevant vs Irrelevant Cost Relevant and irrelevant costs are two types of costs that should be considered when making a new business decision; thus, they are two main concepts in management accounting. Companies should clearly identify the changes to the cost structure as a result of a new decision they are […]
Difference Between Qualified and Non-qualified Annuity
Key Difference – Qualified vs Non-qualified Annuity Annuity is an investment from which periodic withdrawals are made. To invest in an annuity, an investor should have a large sum of money to be invested at once and withdrawals will be made over a period of time. Annuities can be divided into two main categories […]
Difference Between Treasurer and Financial Secretary
Key Difference – Treasurer vs Financial Secretary Treasurer and Financial Secretary are two important personnel in a company, but these two words are often confused due to the perception that they perform similar roles. This is partially reasonable since both roles are performed by a single person in some organizations while others employ two […]
Difference Between Perpetual and Periodic Inventory System
Key Difference – Perpetual vs Periodic Inventory System Having an effective inventory system is essential for companies that operate with a significant level of inventory. The objective of both perpetual and periodic inventory systems is to determine the ending inventory balance and the cost of goods sold. The key difference between perpetual and periodic […]
Difference Between Common Stock and Retained Earnings
Key Difference – Common Stock vs Retained Earnings The key difference between common stock and retained earnings is that common stock is the shares that represent the ownership of the company by equity shareholders whereas retained earnings are a portion of the company’s net income which is left after paying out dividends to shareholders. […]
Difference Between Direct and Indirect Cash Flow
Key Difference – Direct vs Indirect Cash Flow Direct and indirect cash flow are two methods of arriving at the net cash flow from operating activities in the cash flow statement. Cash flow statement consist of three main sections: net cash flow from operating activities, net cash flow from investing activities and net cash […]
Difference Between Cash Flow and Fund Flow Statement
Key Difference – Cash Flow vs Fund Flow Statement The cash/fund availability is a vital aspect for the routine survival of the business. Cash flow statement and fund flow statement are two key statements prepared by companies. However, these two statements are often confused since the purpose of both is to demonstrate the cash/fund […]
Difference Between Investing and Financing Activities
Key Difference – Investing vs Financing Activities Investing activities and financing activities consist of main two sections in the cash flow statement where the cash inflow and cash outflow from the above activities are recorded. The key difference between investing and financing activities is that investing activities record the cash inflow and outflow that […]
Difference Between Average Cost and Marginal Cost
Key Difference – Average Cost vs Marginal Cost The key difference between average cost and marginal cost is that average cost is the total cost divided by the number of goods produced whereas marginal cost is the rise in cost as a result of a marginal (small) change in the production of goods or […]
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