Short sale and foreclosure are two dreaded words that any home owner would never like to hear. Neither does any lender wish to make use of any of these instruments. But the use of these or either of the two becomes necessary when a home owner defaults on payments of EMI to the bank from …
Accounting is an important part of every enterprise, be it small or big. Where ever in the world one trades accounting has to be proper and according to the guidelines set by the government of that place. Basic principles of accounting are same everywhere but there are some differences in it depending on the requirements …
Domestic marketing and International marketing are same when it comes to the fundamental principle of marketing. Marketing is an integral part of any business that refers to plans and policies adopted by any individual or organization to reach out to its potential customers. A web definition defines marketing as a process of planning and executing …
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GAAP vs IFRS GAAP and IFRS are two of the accounting rules and guidelines that regulate the financial reporting standard. All over the world, different procedures for computing financial results of companies are being observed which are known as their versions of GAAP or local GAAP. This is nothing but generally accepted accounting principles that …
To talk about differences between GAAP and IAS, we first need to have an understanding of the two concepts. For a layman, GAAP refers to General Accepted Accounting Principles that are a framework within which financial statements of any company are prepared, summarized and analyzed. They reflect the standards, rules and conventions that are traditionally …
Subsidiary and division are business arms of a company. Subsidiary is a divisional company owned by the parent company. A division is on the other hand is a portion of the business that operates under a different name. This is the main difference between subsidiary and division. Division is the equivalent of a corporation or …
Feasibility and viability are tools used in the investment appraisal of a project and its sustainability. Viability is the ability of a thing to maintain itself or get back its potentialities. Viability of a business is measured by means of the length of its survival. It is interesting to note that the sustainable profits the …
Freelance and contract, though appear to be same have some difference between them. There are some changes when it comes to their ownerships and contract. Although both show sameness in the area of relationship between the service provider and the employer the nature of the relationship differs. Generally freelancing jobs are not bound by contracts. …
Good credit and bad credit are both money that you have taken from a bank or from any lender for some purpose, and that purpose and the rate on which you borrowed only determine whether it’s good or bad. Credit used to be a word with bad connotations in earlier times and a man with …
Shareholders and Stakeholders are people who have some interest in the company in which they have either financial or non financial stake. But to differentiate between shareholders and stakeholders, we have to understand the meanings of two words. As the name implies, shareholders are people who have some shares or stock of the company in …
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