The economic concept of cost considers both explicit costs (such as wages and materials) and implicit costs (such as opportunity costs and owner's time). Accounting concept of cost focuses mainly on explicit costs and is used for financial reporting and tax purposes.
the difference history of economic and history of economic thought
yes
U.S. regions have hot and cold places.
There are differences in the way economic and economical is used. Economic refers to the economy and finances while economical describes a thrifty person.
technical efficiency is related to change in output due to change in input and economic efficiency refers to a number of related concepts.
Differences between economic substance and legal form.
yes
bad site
what are the differences between direct cost and indirect cost in financial accounting
none
Here is a link to a great paper by from the SEC , outlining the major differences in International Accounting Standards.
difference between cvp and bep
Concepts tend to be written in the accounting standards whereas conventions are not and are assumed. Examples of concepts would be: Accruals concept, Prudence concept. Examples of conventions would be: double entry, accounting equation (assets - liabilities = capital)
no
the difference history of economic and history of economic thought
Differences include: *Speed *Cost *Back up
Accounting concepts are essentially theories. Accounting principles are measures and processes that have proven to be successful when used. Conventions are beliefs within the discipline that help make things efficient.