Direct Debit and Standing Order, are two banking terms that have long been confusing among people. These banking terms direct debit and standing order are used in connection with withdrawal from your bank account. Money is automatically withdrawn in favour of another account from your account through both these instruments. Standing orders was long in …
Difference Between Direct Debit and Standing Order Read More »
Decision Making and Problem Solving are two key management functions. It is customary to see the managers of companies to get involved in decision making and problem solving. Problem solving involves defining the problem. The problem is defined by asking a few questions such as ‘what causes you to think there is a problem?’ and …
Difference Between Decision Making and Problem Solving Read More »
Marketing and Public Relations are both promotional tools used by companies to have a larger customer base and to improve upon sales. Many people tend to think they know what marketing and public relations stand for, but become confused when asked to explain. It is true that both are used for promotion but there are …
Difference Between Marketing and Public Relations Read More »
In the world where monetary transactions play a huge role, knowing the difference between loan of credit and line of credit is important as they are ways to satisfy one’s emergency money needs. It should be emphasized that loan of credit and line of credit are two credit options one may has to resort to …
Difference Between Loan of Credit and Line of Credit Read More »
Business ethics and social responsibility are commonly used in everyday parlance almost interchangeably. While social responsibility is self explanatory, ethics is a word that puts one in a dilemma. Social responsibility looks clearly defined and demarcated. Companies have a policy of social responsibility known as corporate social responsibility whereby they commit to follow their businesses …
Difference Between Business Ethics and Social Responsibility Read More »
Management Accountant and Chartered Accountant are both from the same profession but the scope of their job differs. The word chartered accountant has become very commonplace and majority of the people are aware of the fact that he is a person qualified to work in the fields of business and finance. But when the term …
Difference Between Management Accountant and Chartered Accountant Read More »
m commerce and e commerce are the latest mode of doing business over the internet. The term e commerce has been around for quite some time now and a vast majority of people know about it. But the recent addition of m commerce has made the situation a little bit confusing for some. Despite being …
As IAS and IFRS are standards in the accounting practice that one adheres to in financial reporting, it is important to know the difference between IAS and IFRS. There was a need in the 1960’s to standardize accounting processes and reporting in order for practically anyone to understand the financial statements of a company, as well …
Taxable Income and Adjusted Gross Income are clearly defined terms, yet some people find them to be confusing when it comes to computing income tax that they need to pay for any financial year. In most of the countries, income tax is progressive as tax rate goes up with income up to a certain limit. …
Difference Between Taxable Income and Adjusted Gross Income Read More »
ABA and ACH routing numbers aid US financial institutions to trace where the money is being transported to. Presently, there are over 21000 routing numbers in active use and every financial institution in the US possesses at least one. What are these routing numbers and what is the difference between these ABA routing numbers and …
Difference Between ABA routing numbers and ACH routing numbers Read More »