Foreign Aid vs Foreign Investment Globalization has resulted in more global trade, increased cooperation among nations, international investments, and global transfer of capital, assets, resources and funds. Foreign aid and foreign investment both involve such transfers of capital, funds, resources, etc. from one country to another. Despite the fact that both foreign investment and […]
Difference Between Lead and Opportunity
Lead vs Opportunity Customer relationship management (CRM) is a system which manages the relationships that a firm has with its current customers and prospective future customers. Under customer relationship management, a firm identifies different stages involved in making a sale. The process starts with identifying or establishing contact with an individual or firm. This […]
Difference Between Accounting Concepts and Conventions
Accounting Concepts vs Conventions At the end of each financial year, financial statements are prepared by firms for a number of purposes, which include summarizing all activities and transactions, review the firm’s financial status, evaluate performance, and to make comparisons between previous years, competitors, and industry benchmarks. The financial statements prepared must be consistent […]
Difference Between Auditing and Investigation
Auditing vs Investigation A firm prepares financial statements in order to examine the current year’s financial performance and to offer a fair and true view of the firm’s financial status. Once the financial statements are prepared it is essential to evaluate their accuracy, and if needed, to conduct further investigation to identify and rectify […]
Difference Between Clearing and Settlement
Clearing vs Settlement Clearing and settlement are two important processes that are carried out when executing transactions in financial markets where a range of financial securities can be bought and sold. Clearing and settlement allow clearing corporations to realize any rights obligations, which are created in the process of securities trading, and to make […]
Difference Between Administration and Receivership
Administration vs Receivership Insolvency is when a business is unable to pay its creditors and meet their financial obligations. A firm that files for insolvency or is at high risk for facing insolvency can follow measures to handle their debts and either turnaround the business back to health or to make arrangements to meet […]
Difference Between Six Sigma and CMMI
Six Sigma vs CMMI Increasing competition, higher costs, and needs for consistent quality in products and services have resulted in the adoption of methodologies and techniques aimed at improving efficiency, reducing errors, maintain quality levels and improving processes and procedures. Six Sigma and the Capability Maturity Model Integration (CMMI) are two such techniques that […]
Difference Between Sunk Cost and Relevant Cost
Sunk Cost vs Relevant Cost Sunk costs and relevant costs are two distinctive types of costs that firms frequently incur in the running of businesses. Sunk costs and relevant costs both result in an outflow of cash and can reduce the firm’s income and profitability levels. Despite the fact that they both incur a […]
Difference Between Growth and Income Funds
Growth vs Income Funds Individuals invest in different types of mutual funds that suit their specific financial goals. While some investors may be interested in a stable income from a low risk investment, others may be interested in a more aggressive investment aimed at gaining high growth and capital appreciation. It is important to […]
Difference Between Growth and Value Funds
Growth vs Value Funds There are a number of different types of mutual funds in which individuals can invest in, depending on their requirements in terms of financial goals and objectives. Growth funds and value funds are two such mutual funds. While some investors may be interested in a regular income from a stable […]
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