Cash Basis

The principal advantage of cash-basis accounting is its simplicity, and the ease with which non accountants can understand and keep records on this basis. The only time a transaction is recorded under this basis of accounting is when cash has been received or expended. A simple checkbook may be all …

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Your Hard Earned Money

Moving forward you’ve learned that you have to start paying attention to life and what’s going on with your accounts. If you don’t pay attention, you know the money-depleting factors will eat away at your hard-earned money. You’ve learned what inflation is and the need to …

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Other People’s Money

It is because of knowing all of these options that LBO negotiators close deals and do not use their own money. Not using your own money in a deal, also known as “NO MONEY Down” by using Other People’s Money is called OPM. Many LBO practitioners not only use …

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