Fees and Charges
Cost is the sacrifice of the resources. Costs can also be interpreted as a sacrifice of goods and services measured in money that may have been, is and will happen to achieve certain goals.
Fees consist of:
- Expenses (Outlay Cost) by Maher and Dekin is cash flow out of the past or the future.
- Opportunity cost (Opportunity Cost) is the loss of benefits that can be provided by an alternative action.
Expense is an expense charged against earnings during the accounting period that is in the Financial Statements. Internal use of the term in the cost used to determine how the acquired company's operating profit.
Operating profit
Is the excess of operating revenue to operating cost required to generate those revenues. While the more net income is defined as operating income adjusted for interest, income taxes, extraordinary items and other adjustments needed to conform to the usual accounting principles.
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