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 Capital Structure and Financial Structure
Capital Structure vs Financial Structure In engineering, structure refers to different parts of a building and thus in financial terms, financial structure refers to all the components of finance in an organization. In simple terms, financial structure consists of all assets, all liabilities and the capital. The manner in which an organization’s assets are financed […]
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 […]
Difference Between Pamphlet and Brochure
Pamphlet vs Brochure Though pamphlet and brochure are similar and serve similar purposes, there are some differences between them. But, people often use the words interchangeably and, even if you check any online dictionary, it too uses one as the synonyms of the other. Before going further into the differences, first let us see […]
Difference Between SEZ and EPZ
SEZ vs EPZ What is SEZ? SEZ or Special Economic Zone is an area in a country that is selected by the government for its development. This area has economical laws completely different from the laws of the country. These laws are made in such a manner so that they are business friendly to attract […]
Difference Between Realization and Recognition
Realization vs Recognition The words recognition and realization are used individually in many contexts but when they are used in combination it is definitely in context of accounting. Both these words can be used to define revenue, taxes, profit or loss of a company. A company that is running its business in a profitable way turns […]
Difference Between Hard and Soft HRM
Hard vs Soft HRM Human resource management is a vital function of any organization as people constitute an invaluable asset that needs to be harnessed to further the goals of the organization. Two contrasting theories of HRM have been put forward as an approach to tackle work force in a company that are called Hard […]
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