Jan 16, 2008----2 - Realism ,goodhandleoncash o...

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Key points from BDO Business Seminar – Financial Advantage Realism Cash is important – projecting statement, good handle on cash o Profit vs. cash o Funding losses o o Research Sales predictions are critical o Market research o Compare to breakeven o Sensitivity analysis and contingency plans Ask for what you need o Be realistic Key points from last class Capital asset o Order and valuation – amortization Other assets o Investment o Intangible assets – good will Liabilities o Critical of “owing” – recognize what accounting liability has incurred o How much is STILL OWING o Is it long-term or short term When calculating interest, count the number of months! Capital assets -> costs are spread out in useful years by amortization Income statement o KEY -> match expenses with the revenue they help to generate
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Jan 16, 2008----2 - Realism ,goodhandleoncash o...

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