26 Best Financial Questions and Answers (Q&A) - ProProfs Discuss

What is the difference between Hedging and Derivatives?

D. Smith, Musician
Answered: Oct 24, 2019

Hedging is a form of investment to safeguard another investment, while derivatives happen in the way of pacts or arrangements between two enterprises. Hedging and extension derivatives are both...Read More

2 Answers

302 views

What is the difference between Term Deposit and GIC?

E. James
Answered: Nov 20, 2019

As a retirement savings plan, you contribute to it from your salary, and your contributions are free from tax. The result is savings for you. The money multiplies earning interest and remains...Read More

2 Answers

293 views

What is the difference between CFA and CFP?

T. Wikati, Technical Writer
Answered: Jul 17, 2019

CFA and CFP are terms used in finance. CFA and CFP are the short forms of Certified Financial Analyst and Certified Financial Planner. CFA is a title bestowed on you by the Association for...Read More

1 Answer

277 views

What is the difference between IFRS and Canadian GAAP?

M. Pollock, Photographer
Answered: Oct 13, 2020

IFRS and Canadian GAAP. International Financial Reporting Standards is the full meaning for IFRS, and Canadian GAAP full meaning is Canadian Generally Accepted Accounting Principles. The IF...Read More

4 Answers

146 views

What is the difference between FHA and HUD?

O. Bickis, Corporate employee
Answered: Oct 14, 2020

First of all, you need to know that the full meaning of FHA is the Federal Housing Administration, while HUD stands for Housing and Urban Development. These two bodies are quite similar in...Read More

4 Answers

145 views

What is the difference between CPA and CFA?

M. Klose, Content Writer
Answered: May 05, 2020

The full meaning of CPA is a Certified Public Accountant. They are experts at handling issues that have to do with your taxes. You might not necessarily employ a CPA worker to audit your taxes,...Read More

4 Answers

74 views

What is the difference between GAAP and AASB?

R. Barnes, Analyst
Answered: Mar 12, 2020

GAAP and AASB are the names of two different accounting bodies that help companies to handle all the operations relating to accounting and to help them create comprehensive financial statements....Read More

1 Answer

74 views

What is the difference between IFRS and US GAAP?

E.Emily
Answered: Mar 02, 2020

These are two different types of systems that people may follow. The IFRS is known to be based on the various principles that are related to the subject, while the GAAP is based on rules. GAAP will...Read More

1 Answer

70 views

What is the difference between Gain and Loss?

Bergeront Tiffney, Computer Engineer
Answered: Oct 26, 2020

Gain and losses are famous terms of use in companies. Most companies or organizations keep records of their expenses, losses, gains, returns, and revenue. Gain is when a company realizes a profit...Read More

2 Answers

69 views

What is the difference between Duty and Tax?

Christian Jackson, Content Developer
Answered: May 25, 2020

When you say tax, this is considered to be a type of financial obligation that you will be required to pay for the government. For example, if you are working, you know that you would need...Read More

1 Answer

41 views

Financial Questions and Answers (Q&A)

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