How are account-based and costing-based profitability analysis different?

Account-based profitability analysis and costing-based profitability analysis are the main forms of profitability analysis in the system. The main difference between both approaches is the manner in which revenue and cost elements are utilized. Account-based profitability analysis provides a report that is enmeshed with financial accounting while costing-based profitability analysis provides dynamic instantaneous profitability report