By Mike Piper
Locate the entire following defined in Plain-English with out technical jargon:
The Accounting Equation and why it's so significant
How to learn and get ready monetary statements
How to calculate and interpret a number of diverse monetary ratios
The strategies and assumptions at the back of quite often authorized Accounting rules (GAAP)
Preparing magazine entries with debits and credits
Cash process vs. accrual method
Inventory and value of products Sold
How to calculate depreciation and amortization expenditures
Read or Download Accounting Made Simple: Accounting Explained in 100 Pages or Less PDF
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Extra resources for Accounting Made Simple: Accounting Explained in 100 Pages or Less
The probability of that payoff is calculated from the combined probabilities of reaching it through each branch point on the path. The expected value of the overall project is obtained by summing each possible payoff with its associated probability. Let’s review the logic with a simple example containing a single 60/40 Decision Trees 29 branch point. John sees an advertisement offering a $200 discount on a new television set, on a “while supplies last” basis, at a store that is two hours away. He estimates there is only a 40 percent chance one of the new TVs will be available when he gets to the store.
Other such applications include venture capital, petroleum exploration, and even screenplay development. The methods are particularly useful when a historical database is available regarding the odds of project success, as in the pharmaceutical industry or the drilling industry. 5 So, if the calculations are performed correctly, those using them may invest in selected opportunities that competitors pass up, a potential source of competitive advantage. DECISION TREES The decision tree is a classic tool6 for estimating the payout of a project where unique risk is involved.
There may be other closing costs as well, such as termination packages for employees. In such complex situations, it is reasonable to estimate horizon value by developing a likely liquidation scenario and calculating its ﬁnancial impact. COMPARABLE TRANSACTIONS The use of comparables for valuation purposes is a widely accepted business practice. For example, in real estate, one way of valuing your unique home would be to look at the prices for transactions of comparable pieces of real estate, and then adjusting for the differences.