Income statement (oper vs nonoper)
Revenue recog issues
Income tax/deferred tax
pp. 5-7 - 5-9
pp. 5-12 - 5-14
pp. 5-18 - 5-20
pp. 5-27 - 5-29
Financial statement effec
Examples (using financial applications)
We will not work through this presentation all
at once. Instead, we will come back to it when
Capital Budgeting and Cost of
Bridgton Golf Academy
Bridgton Golf Academy is evaluating different golf practice equipment.
The dimple-max equipment costs $45,000, has a 3 year life and costs
$5,000 per year to operate. The discount ra
Use jobs or process as cost objects?
Job-costingaccounting for distinct cost objects called jobs.
Each job may be different from the next, and consumes
Wedding announcements, airc
Job versus Process Costing
units of a product
Masses of identical
or similar units of a
product or service
Traditional Costing vs. ABC
Both are two-stage; same for direct costs.
ABC has more cost pools and more levels of activities.
Is ABC more accurate?
Yes, in ge
Advanced Financial Management
Dr. Susan White
Class time: M/W 8-9:15 am; 9:30-10:45 am
Office: VMH 4455
Office hours: M/W 1-3 pm + Im in most other days email for an appointment
Telephone: 301 405-8700
Cost Terms and Cost Flows
What is cost?
sacrificed economic resource to achieve a specific objective
Outlay costs vs. opportunity costs
Actual cost vs. budgeted cost
Are costs and expenses the same?
Expenses are costs that are expensed, an
Chapter 01 - The Investment Environment
CHAPTER 1: THE INVESTMENT ENVIRONMENT
Ultimately, it is true that real assets determine the material well being of an economy.
Nevertheless, individuals can benefit when financial engineering creates
Types of analysis p. 1
pp. 8, 9, 11
Cash flows statement
Lognormal Model of
Review of Discrete Probability
Lognormal Model of Stock Prices
Suppose x is a random variable with