Terms compared

https://www.termscompared.com/general-ledger-vs-subsidiary-ledger/

General ledger vs subsidiary ledger - definitions, meanings, differences | Termscompared Bookkeeping is one of the first steps in the accounting process. This involves recording all financial transactions in the primary books of accounts and subsequent posting to the secondary accounts. The first of these secondary accounts is the ledger. A ledger is the accounting book that comprises o...

https://www.termscompared.com/globalization-vs-internationalization/

Globalization vs Internationalization - definitions, meanings, differences | Termscompared Internationalization and globalization are both concepts that involve activities that businesses engage in when they expand internationally. People might consider them as same but they are quite distinctive and understanding them is essential for people in charge of running the company and spreading...

https://www.termscompared.com/differentiation-vs-positioning/

Differentiation vs positioning - definitions, meanings, differences | Termscompared The previous article (i.e., market segmentation vs target marketing), explains how companies segment market and how they target one or more segments to sell their output. After segmentation and targeting, the next step that comes in place is the differentiation and positioning through which companie...

https://www.termscompared.com/internal-vs-external-reconstruction/

Internal vs external reconstruction - definitions, meanings, differences | Termscompared Companies are generally incorporated with the core objective of earning profits. In certain circumstances however companies begin to face obstacles which hamper their ability to earn profits. These may be in the form of management breakdowns, deteriorating financial condition, failed business model....

https://www.termscompared.com/difference-between-profit-and-not-for-profit-organizations/

Difference between for profit and not-for-profit organizations - Termscompared Definitions: For-Profit Organizations: An organization that runs with a primary aim to maximize profits and pass them to shareholders is known as a for-profit organization. The secondary goals of such an organization are set to meet the primary goal of the company and to help keep the operations of....

https://www.termscompared.com/difference-between-financial-performance-measurement-and-non-financial-performance-measurement/

Difference between financial performance measurement and non-financial performance measurement - Termscompared Definitions: Financial performance measurement: Financial performance measurement is a measure of financial health of a company. These measures are used to determine that how well a company is using its available resources in order to generate sustainable revenues and operating income. Non-financial...

https://www.termscompared.com/difference-between-financial-and-managerial-accounting/

Difference between financial and managerial accounting - Termscompared Definitions: Financial Accounting: Financial accounting is a branch of accounting that deals with the recording and summarizing of financial transactions and presenting information in form of financial statements that reflect a fair picture of financial health of a business. Management Accounting: M...

https://www.termscompared.com/difference-between-executive-and-non-executive-directors/

Difference between executive and non-executive directors - Termscompared Definitions and meanings: Executive Director: Executive directors are working employees of an organization who are responsible for the top strategic decision-making. The main domain of an executive director is the effective running of business operations. Each executive director has a specific duty....

https://www.termscompared.com/difference-between-joint-venture-and-partnership/

Difference between joint venture and partnership - Termscompared Definitions: Joint Venture: A joint venture is a contractual agreement between two or more parties to undertake a particular business task. A joint venture is normally taken by businesses when a business opportunity arises and a single business cannot exploit it due to lack of financial and/or techn...

https://www.termscompared.com/void-agreement-and-void-contract/

Void agreement vs void contract - definitions, meanings, differences | Termscompared Every company utilizes contracts and agreements as a tool to forge connection when two people begin to work together. Contracts and agreements are both vital for a company’s smooth functioning as they form a record of commitments between two parties. Most contracts or agreements are formed because...

https://www.termscompared.com/market-segmentation-vs-target-marketing/

Market segmentation vs target marketing - definitions, meanings, differences | Termscompared Market segmentation and target marketing are business activities that form part of the marketing strategy of business entities. Though the two terms are related to each other and belong to the same marketing process, they actually signify the different things. The meaning and differences between the...

https://www.termscompared.com/dividend-vs-eps/

Dividend vs EPS - definitions, meanings, differences | Termscompared Investors contribute to the capital of a company with the primary intention of participating in its future growth and profits. Companies, on the other hand, seek out investors with the intention of raising funds for their operations. The investors who contribute to the capital of a company are terme...

https://www.termscompared.com/purchasing-vs-procurement/

Purchasing vs procurement - definitions, meanings, differences | Termscompared The terms purchasing and procurement are often considered to mean the same thing; however, there are significant differences between them. Purchasing is the term used to refer to acquisition or direct purchasing of commodities and services required by an organization. However, procurement is conside...

https://www.termscompared.com/difference-between-centralization-and-decentralization/

Difference between centralization and decentralization - Termscompared Definition: Centralization and decentralization are two types of systems based on which the decision-making takes place within a business or an organization. Difference between centralization and decentralization The main points of difference between centralization and decentralization are given bel...

https://www.termscompared.com/difference-between-unitary-and-two-tier-board-of-directors/

Difference between one-tier and two-tier board of directors - Termscompared Definitions and meanings: Board of directors comprises of a group of people who administers and governs the activities of an organization. The organization can be a profit seeking, non profit seeking, governmental or a non-governmental organization (mostly termed as Non Government Organization or NG...

https://www.termscompared.com/difference-between-interim-dividend-and-final-dividend/

Difference between interim dividend and final dividend - Termscompared Dividend refers to a part of the organization’s profit that is not retained by the business but distributed among it’s owners, i.e. shareholders, based on the number of shares held by them as a return on their investment. Definitions and meanings Meaning of interim dividend: Dividend recommended...

https://www.termscompared.com/difference-between-tangible-assets-and-intangible-assets/

https://www.termscompared.com/difference-between-relevant-cost-and-differential-cost/

Difference between relevant cost and differential cost - Termscompared Definitions and meanings: Relevant Cost: In relation to a decision or project, relevant costs are those costs that only affect that particular decision or project and those costs are irrelevant or unnecessary for any other project. It means that if any cost arises due to taking up of a certain decis...

https://www.termscompared.com/difference-between-organic-and-inorganic-business-growth/

Difference between organic and inorganic business growth - Termscompared Definitions and meanings: Organic growth refers to the growth of internal revenues of a company, which is a result of increase in internal output of a company. Such type of growth lacks diversification of business risks. Inorganic growth refers to the growth of revenues of a company by expansion, me...

https://www.termscompared.com/difference-between-income-statement-and-statement-of-cash-flows/

Difference between income statement and statement of cash flows - Termscompared Definitions and meanings Income statement: The income statement reflects a company’s revenue and total expenses. These include non-cash items such as depreciation and amortization over a given accounting period. The income statement, which is made up of operating and non-operating activities, dete...

https://www.termscompared.com/corporate-governance-vs-management/

Corporate governance vs management - definition, meanings, differences | Termscompared For many people, the corporate governance and corporate management are the same and they use these two business terminologies interchangeably. However, this is not true as the two are considerably distinct aspects of an organization. Corporate governance, as the name implies, is the development of v...

https://www.termscompared.com/free-on-board-fob-vs-cost-insurance-freight-cif/

Free on board (FOB) vs cost, insurance, freight (CIF) - definitions, meanings, differences | Termscompared Trade today has become global with international transactions taking place in huge volumes across borders. Bulk of the international trade takes place through the shipping mode of transport. Apart from the product cost of traded goods, international shipping involves several other costs including sh...

https://www.termscompared.com/primary-market-vs-secondary-market/

Primary market vs secondary market - definitions, meanings, differences | Termscompared Every nation’s financial system comprises of business entities that constantly require funds to finance their operations as well as investors who are looking out for avenues to gainfully invest their funds. The capital market is where both companies and investors are brought together to trade by w...

https://www.termscompared.com/expense-vs-liability/

Expense vs liability - definitions, meanings, differences | Termscompared The financial statements of a business which report its profitability and financial position primarily consist of a profit and loss account and a balance sheet. Accounts recorded in these financial statements fall in either of the four categories i.e., revenue or expense and assets or liabilities. R...

https://www.termscompared.com/corrective-vs-preventive-action/

Corrective vs preventive action - definition, meanings, differences | Termscompared The two main elements of a Quality Management System (QMS) are corrective action and preventive action, which concentrate on achieving continuous improvement as well as customer satisfaction. People often face issues in differentiating between the two terms. Corrective action essentially refers to t...

https://www.termscompared.com/accounting-vs-finance/

Accounting vs finance - definitions, meanings, differences | Termscompared Financial transactions are of significant importance for entities, especially for business entities whose main motive is profit generation. They involve either an inflow or outflow of funds and thus have a direct impact on entities’ profitability and their financial position. There are thus severa...

https://www.termscompared.com/adjusting-entries-vs-closing-entries/

https://www.termscompared.com/true-variable-vs-step-variable-cost/

True variable vs step variable cost - definitions, meanings, differences | Termscompared A proper management and control over costs is crucial to maintain and grow profits which is the primary objective of every commercial business. The first step in achieving this is to understand the nature of costs that a business incurs while carrying out its operations as well as the factors affect...

https://www.termscompared.com/committed-vs-discretionary-fixed-costs/

Committed vs discretionary fixed costs - definitions, meanings, examples, differences | Termscompared Fixed costs are those costs that are incurred by a business irrespective of their level of activity or output. In other words, fixed costs are incurred at a fixed specific amount even if the business has no activity for a given period and also they remain the same even if there is an increase or [.....

https://www.termscompared.com/award-vs-reward/

Award vs reward - definitions, meanings, differences | Termscompared The terms award and reward sound pretty similar and people often get confused regarding their meanings and correct usage. For common people, the line of differentiation between two terms is very thin but, however, the difference is massive for a person who is highly concerned with feelings and behav...