GIS seems to be looking up. This daratech company I’ve heard of before.

Since I have an Economics background, a lot of this stuff was pretty intuitive, but I’ll repost what I’ve made up.

Accounting (Finance) Concepts to know (but aren’t math problems)

PV = Present Value. You can find the present value by

PV=FV/(1+I)^t

What you need to know is that the present value should be a positive number.

Don’t confuse this with PLANNED VALUE

NPV= Net Present Value

You don’t need to quantify this, but you do need to know that generally speaking that the bigger the number the better.

IRR = Internal Rate of Return

The larger the percentage, the better.

Payback Period =

You just need to know which project will payback sooner.

Benefit Cost Ratio =

Generally the higher ratio is the better one.

Economic Value Added =

The company needs to know if the project has more value than it costs.

Don’t confuse this with ECONOMIC VALUE ANALYSIS.

Opportunity Costs =

What it costs to give up one of the projects.

Sunk Costs =

Money you’ve already spent. Don’t consider the sunk cost = they’re gone.

Law of diminishing returns =

Do I need to state the obvious?

Working capital =

Current Assets – Current liabilities

Depreciation =

1. Straight Line depreciation
2. Accelerated depreciation

]]> http://gisdude.wordpress.com/2012/01/06/non-evm-concepts-to-know/feed/ 0 gisdude http://gisdude.wordpress.com/2011/12/27/lightsquared-and-gps-signals/ http://gisdude.wordpress.com/2011/12/27/lightsquared-and-gps-signals/#comments Tue, 27 Dec 2011 00:22:33 +0000 gisdude http://gisdude.wordpress.com/?p=93 ]]> this is not good.

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