Download or read book The Use of the Accounting Rate of Return as an Estimate of the Internal Rate in Financial and Economic Analyses written by Robert Wood Williamson and published by . This book was released on 1971 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimating the Economic Rate of Return From Accounting Data RLE Accounting written by Richard Brief and published by Routledge. This book was released on 2013-11-26 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published between 1965 and 1985 the papers in this collection address the problem of using accounting data to estimate the economic rate of return. The search for a solution to this problem has been an important episode in the history of accounting thought. The papers reprinted in this volume are the foundation of this intellectual effort. Ten articles and six notes and comments are reprinted here. Seven of the papers were published in UK journals and the rest in US publications. Bringing them together in one book will facilitate research on this important subject.
Download or read book Advanced Capital Budgeting written by Harold Bierman, Jr. and published by Routledge. This book was released on 2014-02-04 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by authors of established texts in this area, this book is a companion volume to the classic The Capital Budgeting Decision. Exploring this key topic in corporate finance the authors examine the complexities of capital budgeting as well as the opportunities to improve the decision process where risk and time are important elements. Containing ‘Global Aspects’ sections that cover cross-border decision-making, this book also emphasizes the application of capital budgeting techniques to a variety of issues, including the hugely significant ‘buy versus lease’ decision that cost corporations billions each year. It gives in-depth coverage to: real options - the value of a project must take into consideration the flexibility that it provides management, acknowledging the option of making decisions in the future when more information is available decomposing cash flows - a project consists of many series of cash flows and each series deserves its own specific risk-adjusted discount rate. Decomposing the cash flows of an investment highlights the fact that while managers are generally aware that divisions and projects have different risks, too often they neglect the fact that the cash flow components may also have different risks, with severe consequences on the quality of the decision-making. Designed to assist those making business decisions at all levels, this volume is essential reading for all those working in or studying capital budgeting.
Download or read book Accounting Returns Revisited written by Morris G. Danielson and published by . This book was released on 2014 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shareholders, managers, and researchers rely on estimates of a firm's past investment returns when evaluating its performance, and estimating its value. In this paper, we revisit the question of whether accounting rates of return (ARR)-computed from financial statement data-are appropriate surrogates for a firm's realized internal rate of return (IRR). Although some authors argue accounting numbers are useless for this purpose, many managers and researchers employ accounting returns as a measure of firm profitability. We derive a model showing that a firm's ARR and historical growth rate define the range in which its IRR on past investments is likely to fall. Using panel data, we find ARR is close to IRR for a large number of firms. In addition, we identify conditions under which a firm's ARR is likely to be a misleading proxy for IRR. Given the theoretical relation we derive between ARR and IRR and the empirical linkage we observe, previous research results demonstrating the value relevance of accounting information are predictable.
Download or read book The Continuing Debate Over Depreciation Capital and Income RLE Accounting written by Richard P. Brief and published by Routledge. This book was released on 2014-02-05 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning with first principles, then discussing the origin and evolution of the debate over depreciation, capital and income, several related topics are addressed in this volume originally published in 1993. These include the allocation problem, interest rate approximations, issues concerning financial reporting and analysis and the meaning and economic impact of ‘accounting error’. The underlying themes concern the importance of history and the need for an appreciation of basic concepts and relationships in accounting
Download or read book The Capital Budgeting Decision written by Harold Bierman and published by MacMillan Publishing Company. This book was released on 1988 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Capital Budgeting Decision written by Harold Bierman, Jr. and published by Routledge. This book was released on 2012-11-12 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fully updated and revised by international authorities on the topic, this new version of a classic and established text returns to its roots as a clear and concise introduction to this complex but essential topic in corporate finance. Retaining the authority and reputation of previous editions, it now covers several topics in-depth which are frequently under explored, including distribution policy and capital budgeting. Features new to this edition include: a new chapter on real options new material on uncertainty in decision-making. Easily understandable, and covering the essentials of capital budgeting, this book helps readers to make intelligent capital budgeting decisions for corporations of every type.
Download or read book Accounting Rate of Return and Conditional Estimate of Internal Rate of Return written by Steven Rodney Fritsche and published by . This book was released on 1991 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Internal Rate of Return as a Decision Making Tool in Economic and Financial Analysis a Case Study written by Gerald Adam Bange and published by . This book was released on 1975 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Analysis for accounting allergic people written by Philippe Massol and published by SmartAlbinos. This book was released on with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1) Eliminate your fear of financial jargon and complexity once and for all. 2) Hundreds have already unlocked the secrets to simple financial analysis and project valuation, despite thinking it impossible. 3) The lazy person's guide to mastering financial analysis and project valuation with minimal effort This book written by Dr Philippe Massol, capable to make extremely complicated things to be simple, is ideal for leaders, company directors, students and managers who are looking for a straightforward and practical approach to mastering financial analysis without getting bogged down in complex accounting principles. What you will learn will permit you to make informed decisions based on clear financial insights. By focusing on the essential aspects of financial analysis and answering key questions about wealth creation, investment, financing, and profitability, readers will learn to evaluate the financial health of a company and determine the viability of investments and projects with confidence.
Download or read book Principles of Accounting Volume 2 Managerial Accounting written by Mitchell Franklin and published by . This book was released on 2019-02-14 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: A less-expensive grayscale paperback version is available. Search for ISBN 9781680922936. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.
Download or read book Return on Investment Manual written by Robert Rachlin and published by Routledge. This book was released on 2019-07-23 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a book for presidents of all-size businesses, financial managers, and controllers, on how various decisions can be used to increase an owner's return. Each chapter focuses on specific strategies and their application and relation to risk analysis, and managing key ratios.
Download or read book Economic Analysis for Investment Decision making written by Roe Borsdorf and published by . This book was released on 1989 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies written by Walter Short and published by . This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.
Download or read book The Accounting Rate of Return as a Framework for Analysis written by Richard P. Brief and published by . This book was released on 1999 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on the accounting rate of return (ARR) began with Harcourt (1965), Solomon (1966) and Vatter (1966) and continued with Kay (1976, 1978), Peasnell (1982), Franks and Hodges (1984), Kay and Edwards (1986), Edwards, Kay and Mayer (1987), Brief and Lawson (1992), Brief (1996) and others. The basic framework was provided by an economic model and the ARR was interpreted in terms of that model. In contrast, this paper focuses on an accounting model that defines the ARR as a constant over a multi-period horizon. Twenty-six properties of the accounting model are discussed. More than half relate to the constant ARR. Property 15 defines two economic models as special cases. The remaining properties concern the relationship between the ARR and IRR, the residual income valuation model and the direct comparison of the accounting and economic models. Some of these properties were previously derived by others and some are discussed for the first time. Taken together, the twenty-six properties can viewed as a framework for analysis. First, many of the relationships that are derived hold for a finite time horizon and mimic steady state conditons. Consequently, the analytical results have more generality than those that assume an infinite time horizon or steady state. Second, the accounting model is structured as a present value model and, therefore, mimics economic models. This makes many of the relationships between the accounting and economic models transparent. Third, this work could be extended to compare two accounting policies or to compare the accounting process.
Download or read book Market Evaluation of Accounting Information written by Roland E. Dukes and published by . This book was released on 1974 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Continuing Debate Over Depreciation Capital and Income RLE Accounting written by Richard P. Brief and published by Routledge. This book was released on 2014-02-05 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning with first principles, then discussing the origin and evolution of the debate over depreciation, capital and income, several related topics are addressed in this volume originally published in 1993. These include the allocation problem, interest rate approximations, issues concerning financial reporting and analysis and the meaning and economic impact of ‘accounting error’. The underlying themes concern the importance of history and the need for an appreciation of basic concepts and relationships in accounting
