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ACCA Financial Management > Chapter 6: Allowing for tax, working capital and inflation > Flashcards

Chapter 6: Allowing for tax, working capital and inflation Flashcards

1
Q

Nominal

A

The term ‘nominal’, when applied to cash flows or to the cost of capital, means after adjusting for the impact of expected inflation.

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2
Q

Real

A

The term ‘real’ when applied to cash flows or to the cost of capital, means based on current price levels.

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ACCA Financial Management (16 decks)

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