Counting Accounting

In this article, we're going to talk about the incremental internal rate of return. so the reason we need an incremental in IRR is that let's say we had a situation where we had a cost of capital of 8%  and we have 2 different projects or 3 projects and we say oh look the return on "Project 1" is 21% the return on another is 28% and then the return on another is 30%.  We can't just say oh well let's just look and pick the highest IRR and say oh that's the project we want to do and the reason that we just can't look at one IRR and compare to another is that projects are going to differ based on the scale of the investment the timing of the cash flows in the riskiness of those cash flows. So when we're trying to compare projects based on IRR we can run into problems when we have differences that quote on these three levels. Incremental IRR is basically finding a way for us to compare two projects based using the IRR method. So let's walk

What is Accounting Concepts? Accounting concepts are a set of beliefs that help to post a transaction in the proper manner. Concepts can also be described as accounting frameworks. Some accounting frameworks are now strictly maintained as accounting standards. Completeness: Accounting information should be complete and contain all the necessary data to analyze the information. Availability: Accounting information should be available to its users on time. If it's not presented on time then this could lose its useability. Understandability: Accounting information is prepared for the stakeholders. They may be external or internal. So, the information should be presented so that everyone can get their desired data from the report. Relevance: Accounting information should be relevant to the needs of the users. No bias information should be provided. Reliability: Accounting information should be reliable to its users, should not contain any misleading information that might effect the d

There are 2668 billionaires according to Forbes in 2022. Most of them are founders of the biggest companies and others are investors and other stakeholders. They have their ways of avoiding selling stocks and taxes. Most of them and their companies are publicly traded, so it's possible to fluctuate their net income every month or even every day with the market valuation. Below are the  10  billionaires  people on the planet  as of November 01, 2022, according to the Bloomberg Billionaires Index. Key Changes: Elon Musk is the first on the list with a net worth of  $224 billion . 2nd position is held by Jeff Bezos, with an estimated net worth of  $144 billion . The top 6 billionaires are from technological industries. 1. Elon Musk Born: June 28, 1971 (age 51 years), Pretoria, South Africa Net worth: 199 billion USD (2022)  Children: X Æ A-Xii, Vivian Jenna Wilson, Exa Dark Sideræl Musk, MORE Spouse: Talulah Riley (m. 2013–2016), Talulah Riley (m. 2010–2012), Justine Musk (m. 2000–20