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Lessor vs Lessee: The Fundamentals of Lease Agreements

March 30th, 2015

The relationship between lessor vs lessee is a common one, but many people might not understand all of the details of the situation. At its core, a lessor is someone who owns a property, object, trademark, business, or any other piece of real or intellectual property. The lessee pays the lessor for the right to … READ MORE

The Differences Between Revenue vs Profit

March 30th, 2015

One of the trickiest distinctions to make when it comes to managing your business is the difference between revenue vs profit. There are a few simple rules for determining which is which. One of the hard and fast rules is that profit will never exceed revenue, and it is typically less. To put it plainly, … READ MORE

Career Focus: How to Become a Portfolio Manager

March 30th, 2015

In the industry of business, finance and investment, one of the most lucrative and in demand careers is that of a portfolio manager. A portfolio manager can be one of two things. First, he or she can be the personresponsible for making investment decisions using the money entrusted by his or her clients to control. … READ MORE

Validity vs Reliability — What’s the Difference?

March 16th, 2015

The definitions and usage of validity and reliability differ subtly across different disciplines, with exact definitions differing depending on context. In statistics, as well as sciences that use statistics to empirically reach conclusions, both the validity and reliability of information being presented need to be exist in order for conclusions to be made, or in … READ MORE

Standard Deviation vs Standard Error — What’s the Difference?

March 16th, 2015

Statistics is and always has been a difficult mathematical mine field to wade through, a jumble of numbers, extrapolations and postulations that is increasingly used to help wade through the ever increasing amounts of data and information available to decision makers. With statistics used to predict everything from stock market trends to baseball games, a … READ MORE

Authentication vs Authorization — What’s the Difference?

March 16th, 2015

Both golden words of security and authority, authentication and authorization differ greatly in their meaning and applications, despite them also being conflated as one and the same. In many circumstances, authorization and authentication are required in tandem to issue orders and accomplish tasks, but the two words are subtly, yet firmly, differentiated. Authentication Authentication is, … READ MORE

Internet vs Intranet vs Extranet — What’s the Difference?

March 16th, 2015

Information technology has been rapidly advancing over the last decade, with information being available as an on demand commodity at levels never before imagined. Today, a teenager in rural India with access to a computer and an ethernet port has orders of magnitude more information available at the tips of his fingerprints than the President … READ MORE

Arbitration vs. Mediation — What’s the Difference?

February 18th, 2015

The world of law, lawyers, legalese and courtrooms is one that is rightly feared by every day law fearing Americans. Because of the complexities and costs involved with any lawsuit, cooler heads have found legal alternatives to the long and arduous process of the legal system that offer binding and amicable solutions to legal disputes. … READ MORE

Accountability vs. Responsibility — What’s the Difference?

February 10th, 2015

In the real world, it is expected that people in day to day interactions – whether the people who receive financial investments, the people who work for a firm, or the people who provide services to others – to suffer or benefit from the consequences of their actions to varying degrees. However, depending on the … READ MORE

Is an MBA in Finance Worth it?

January 16th, 2015

I graduated college last year with decent grades in economics, and I have an entry level investment firm job. I’d like to advance my career with an MBA in Finance, but my parents aren’t convinced this is necessary, so I need good reasons why MBA Finance degrees make sense. Financial managers are those who are … READ MORE

Tips to Find a Good Investor

January 16th, 2015

I came up with a great idea for a website business and need some money to get it off the ground. Could you please tell me how do you find investors? The easiest and most accessible funding option for most people is an affluent relative or friend who could extend a loan for you to … READ MORE

Financial Accounting vs. Management Accounting

January 5th, 2015

Within accounting there are two key fields that relate to different aspects of the businesses finances, financial accounting and management accounting. While both use the same underlying information, for the most part, the use and perspective provided can vary greatly. This article will explain the differences between financial accounting and management accounting. Financial Accounting Financial … READ MORE

Accounts Payable vs. Accounts Receivable

January 5th, 2015

Two concepts important to any business owner or business analyst are accounts receivable and accounts payable. These like sounding accounts on the financial statements have very difference meanings and understanding both is essential to any business owner. Accounts Payable Accounts payable are obligations of a business to re-pay a certain amount to another party. If … READ MORE

Compound Interest vs. Simple Interest

January 5th, 2015

Everyone is familiar with the concept of interest, whether they are earning it on their investments or paying it on their debts. Compound interest and simple interest are two different types of interest and understanding the difference between the two can be very important. Simple Interest Simple interest refers to applying the interest rate on … READ MORE

Economics vs. Finance

January 5th, 2015

Economics and finance are two separate disciplines that are closely intertwined and can both influence each other. This article will help with understanding the difference and also assist those looking at choosing between pursuing a degree in economics or finance. Economics Economics itself is a social science that studies production, consumption, and the distribution of … READ MORE

Fixed Cost vs. Variable Cost

December 31st, 2014

As a business owner there are two key groupings for costs that it is important to understand, fixed costs and variable costs. By understanding these two concepts and the types of costs that fall into these groups can greatly assist with managing your business. Fixed Costs Fixed costs are the types of costs incurred in … READ MORE

Income vs. Revenue

December 31st, 2014

When evaluating a company from an investment perspective two of the key figures to look at are the revenue and income amounts generated by that company. This article will help you differentiate between the two and also understand how they each need to be assessed. Revenue Revenues refer to the total amount of money that … READ MORE

Balance Sheet vs. Income Statement

December 31st, 2014

Two of the most significant documents when it comes to assessing a company financially are the balance sheet and the income statement. While they both show important financial information there are key differences that are important to understand when it comes to reviewing a balance sheet vs. an income statement. Balance Sheet A balance sheet … READ MORE

Debt vs. Equity

December 31st, 2014

When companies are looking to fund growth and expand there are two main sources those funds can come from, debt and equity. Utilizing both effectively is important for any business owner and understanding the differences between them can be important when choosing between debt vs. equity. Striking the right balance between debt and equity financing … READ MORE

FSA vs. HSA

December 3rd, 2014

Flexible Savings Accounts (FSA) and Health Savings Accounts (HAS) are both tax-advantaged accounts (as deemed by the IRS) that can be used to pay healthcare expenses. There are significant differences, however, and it is important to understand those differences in terms of where you withdraw funds or when you have the option from your employer … READ MORE