Differential Cost
The difference in total cost between two alternatives. Also called incremental cost, it helps in decision-making when comparing options like outsourcing vs. in-house production. Only costs that change between alternatives are considered, making it useful in cost-benefit analysis.
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Div 7A Loan
A loan or advance made by a private company to a shareholder or associate under Division 7A of the ITAA…
Deferred Tax Liability
An amount owed in future tax payments arising from temporary differences between book income (per GAAP) and taxable income (per…
Departmental Accounting
Departmental accounting tracks income, expenses, and profitability separately for individual departments within an organisation. It helps management evaluate performance at…
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