CIMA and ACCA Due to the complexity of business structures and the increasing industrial requirements, the professional accountancy qualification is now held with high significance. With the rise of financial markets, professional accountants are required&hellip
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Difference between CGA and CPA
As time goes by, industries and businesses across the globe grow stronger. They expand their operations globally at a fast pace and reach the global market on daily basis. With the expansion of these businesses&hellip
Difference between GAAP and Statutory Accounting
In preparing financial statements, every industry has got certain set of principles. The principles define the manner in which financial transactions need to be accounted for according to the regulations and rules of statutory bodies.&hellip
Difference between GAAP and AASB
The backbone of all businesses is finance and accounting and for it to succeed, financial and accounts management is of paramount importance. As such, an issue that multinationals and businesses were facing was the preparing&hellip
Difference between IVA and Bankruptcy
Bankruptcy and IVA (Individual Voluntary Arrangement) are both formal and legally binding arrangements that exist between two people. The contract is normally between one party and his creditors whereby the creditor is expected to comply&hellip
Difference between GAAP and OCBOA
Introduction Generally, financial statements are prepared using the GAAP system of accounting. The alternative is the cash basis and tax basis. However, there is a system known as Other Comprehensive Basis of Accounting (OCBOA) which&hellip
Difference between GAAP and 704 (b)
Whether it is an entrepreneurship, corporation or partnership, it is important for businesses to understand the basics of accounting for their transactions in order to run smoothly. Without the knowledge on how these books should&hellip
Difference between inventory and assets
Assets and inventory are some of the most crucial elements in financial statements and for any business, are key resources. Nevertheless, unlike inventory, asset is a broader term since inventory is a component of assets.&hellip
Difference between Amortization and Depreciation
The main difference between depreciation and amortization is that while depreciation is used in charging off the cost of a tangible asset, amortization normally charges off cost of an intangible asset. Examples of tangible assets&hellip
Difference between HUD and Foreclosure
There are many houses and property which have flooded the housing market and which are under foreclosure. For most of them, they are bought back by the organizations that financed them like banks and the&hellip
Differences between GAAP and IFRS on Revenue Recognition
Revenue recognition entails matters concerning when and how income should be booked after the completion of the process of earning. GAAP, the short form for Generally Accepted Accounting Standard and IFRS abbreviation for International Financial&hellip
Difference between EBIT and operating profit
There are various methods used in determining the operating profit of a company. One of the methods is in analyzing the profit margins of a company. Another method is examining the profit trends from one&hellip
Difference between Tax Evasion and Avoidance
Basically, the main difference between tax evasion and tax avoidance is the legality aspect. What is Tax Avoidance? Tax avoidance is an arrangement of legally exploiting the taxation system to defeat the intent of law&hellip
Impact of Globalization
Meaning of Globalization? Globalization is the process through which people, corporations and governments of various nationalities are able to interact and integrate. This process is driven by investment and international trade through the help of&hellip
Difference between the IRR And the Yield to Maturity
Most of the investments like capital infusions and bonds are designed in such a way that they return certain cash flows over a given period of time. In order to measure the investment’s success and&hellip