Street- Part I (Multifamily) Roger Staiger III, FRICS (202) 640-8912 rstaiger@gwmail.gwu.edu Purpose Gain Understanding of owner/developer issues within Real Estate Finance Understand tools and methods for evaluating projects Understand general structure of a project pro forma using multifamily case study Gain basic ability to construct a project pro forma Develop initial tools to quantify a project 2 of 82 Vehicle for Understanding Harvard Business Case Relate to Personal
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There has been a lot of debate on whether Hyatt or Marriott is the better investment. This report made a valuation of both companies. Because both companies are attractive investments, the report will make a direct comparison to find the company that can offer the best future return on investment. 1. Strategy analysis 2.1 Industry analysis and Companies’ background Currently, hotels make up a giant industry. In 2010, consumers rented out 4.8 million rooms at 51,000 different properties
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Ensuring a project has a positive impact on the earnings per share over its entire economic life is therefore critical. Payback is the number of years necessary for free cash flow of a project to amortize the initial project outlay. The specified time period for which payback is to be completed by is six years. The payback rule is reasonably simple and has a number of pitfalls in practise because it ignores the project’s cost of capital and time
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from outside suppliers. Accounts receivable -- amounts owed to the company by its customers. Accrual basis, system, or method -- an accounting system that records revenues and expenses at the time the transaction occurs, not at the time cash changes hands. Cash basis accounting is used by individuals. Accrual basis accounting is used by most businesses. Accrued expenses, accruals -- an expense which has been incurred but not yet paid for. Salaries are a good example. Employees earn or accrue salaries
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that can help to make a company successful. Successfully managing the finances, such as budgeting and cash flow can mean the organization will always have enough money to pay any creditors and also have enough of a profit to operate the business. Effective and Ineffective Financial Management Practices Too often managers have an understanding of their product but not the financial statements of the organization. The manager must have an understanding of what is happening within the organization
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A Tutorial on Discounted Cash Flow, Fall 2015 Notes prepared by John Tsagarelis, jtsagare@uwo.ca DRAFT: Comments, Suggestions Welcome 9/20/2015 Preamble As we walk through life we develop mental maps of situational settings. These are not sight patterns, but rather decision patterns among choices available to us in any given circumstance. For example, we take familiar roads to our summer cottage or accept return-on-equity is an unbiased stock return predictor. Once we form a map, it is
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CHAPTER 1 THE PROBLEM AND ITS SETTING I. Introduction As professionals, CPAs perform an essential role in society. They are responsible to all those who use their professional services. They also have a continuing responsibility to improve the art of accounting, maintain the public’s confidence, and carry out the profession’s special responsibilities for self-governance. However, the role of a CPA in helping businesses come up with a good and effective decision-making is said to be one
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data processing is the: A) Corporate Treasurer. B) Director. C) Corporate Controller. D) Chairman of the Board. E) Vice President of Operations. Answer: C Topic: CORPORATE TREASURER 2.The corporate officer generally responsible for tasks related to cash and credit management, financial planning, and capital expenditures is the: A) Corporate Treasurer. B) Director. C) Corporate Controller. D) Chairman of the Board. E) Vice President of Operations. Answer: A Topic: CAPITAL BUDGETING 3.The process
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Revenues and Expenses 3 3.23 Fixed Assets and Depreciation 3 3.24 Donated Materials and Services 4 3.25 Data Cutoff 4 4.00 CASH DISBURSEMENTS 4.10 Policies 5 4.20 Procedures 4.21 Capital Acquisitions 5 4.22 Supplies, Services, and Other Invoices 5 4.23 Invoice Payment Procedures 6 4.24 Payroll 6 5.00 CASH RECEIPTS 5.10 Policies 7 5.20 Procedures 7 6.00 BANK RECONCILIATION 6.10 Policies 8 6.20 Procedures 8 7.00 END OF MONTH
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CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE Topics 1. 2. 3. Subject matter of accounting. Environment of accounting. Role of principles, objectives, standards, and accounting theory. Historical development of accounting standards. Authoritative pronouncements and standards-setting bodies. Questions 1 2, 3, 4 5, 6, 7, 8 Cases 1 3, 4 2, 4 4. 8, 9, 10, 11, 12 5, 17 5. 13, 14, 15, 16, 17, 18, 19, 20, 21, 22 23, 24, 25, 26, 27 28 29 6, 7
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