Difference Between Accruals and Prepayments
Accruals vs Prepayments Both accruals and prepayments are equally important in accounting, and therefore, clear understanding on the key difference between accruals and prepayments is important for...
View ArticleDifference Between Cash Flow Statement and Cash Flow Projection
Cash Flow Statement vs Cash Flow Projection Those who are learning to understand different financial statements, must learn to understand the difference between cash flow statement and cash flow...
View ArticleDifference Between NOPAT and Net Income
NOPAT vs Net Income A clear understanding on the difference between NOPAT and net income is needed if you are to analyze the financial statements, especially the income statements, to study the...
View ArticleDifference Between Balance Sheet and Statement of Financial Position
Balance Sheet vs Statement of Financial Position The balance sheet and statement of financial position are confused by many to be the same thing, but there are, however, a number of differences...
View ArticleDifference Between Statement of Affairs and Balance Sheet
Statement of Affairs vs Balance Sheet The key difference between Balance Sheet and Statement of Affairs is that the balance sheet is one among the financial statements, which presents the financial...
View ArticleDifference Between Present Value and Future Value
Present Value vs Future Value Knowing the difference between present value and future value is very important for investors as present value and future value are two interdependent concepts that...
View ArticleDifference Between Income Statement and Cash Flow Statement
Income Statement vs Cash Flow Statement The key difference between income statement and cash flow statement is the basis that is used to prepare these statements; for the income statement it is the...
View ArticleDifference Between Ledger Balance and Available Balance
Ledger Balance vs Available Balance The key difference between ledger balance and available balance is that Ledger balance of a business is the total amount of cash or the bank balance as per the...
View ArticleDifference Between Absorption Costing and Variable Costing
Absorption Costing vs Variable Costing Knowledge about the difference between absorption costing and variable costing is a must to do the product costing. Actually, success of a manufacturing...
View ArticleDifference Between Breakeven Point and Margin of Safety
Breakeven Point vs Margin of Safety Difference between breakeven point and margin of safety is a necessary knowledge to have as Breakeven Point (BEP) and Margin of Safety (MOS) are two concepts that...
View ArticleDifference 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...
View ArticleDifference 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...
View ArticleDifference 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...
View ArticleDifference 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...
View ArticleDifference Between Job Costing and Batch Costing
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...
View ArticleDifference Between Job Costing and Contract Costing
Key Difference – Job Costing vs Contract Costing Job costing and contract costing are two popular methods of specific order costing that are important for businesses that provide a customized...
View ArticleDifference Between Avoidable and Unavoidable Cost
Key Difference – Avoidable vs Unavoidable Cost Understanding the cost classifications of avoidable and unavoidable costs is vital in order to make a number of business decisions. The key difference...
View ArticleDifference Between Controllable and Uncontrollable Cost
Key Difference – Controllable vs Uncontrollable Cost Understanding the cost classifications of controllable and uncontrollable costs is vital in order to make a number of business decisions. It...
View ArticleDifference Between Discretionary and Committed Fixed Costs
Key Difference – Discretionary vs Committed Fixed Costs Fixed costs are costs that do not vary depending on the number of units produced; they consist of a significant portion of the total costs....
View ArticleDifference Between Monetary and Nonmonetary Assets
Key Difference – Monetary vs Nonmonetary Assets An asset is a resource with economic value that is owned or controlled by a company. Monetary and nonmonetary assets are one important classification...
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