Tag Archives: accounting

The accounting double-entry system … has survived relatively unchanged for centuries. …elegance…usefulness…what makes …double entry … so special as an information system…[?] [T]he double entry system is based on the idea that ∀ asset (thing of benefit) ∃ someone who … Continue reading

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On 10 September 2008, Lehman reported 11% “tier one” capital and very conservative “net leverage“. On 15 September 2008, Lehman declared bankruptcy. Despite reported shareholder’s equity of $28.4B just prior to the bankruptcy, the net worth of the holding company … Continue reading

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Valuation

Whenever a government assesses “the” value of a property for tax purposes; whenever you project figures in a pitch to investors; whenever an accountant writes a single number on a line that isn’t referring to Cash Itself — a distribution … Continue reading

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