Welcome to the first video of AccounTips! In this two-part tutorial video, we will be discussing how to calculate present and future value factors using the basic calculator.
In this tutorial video, computing present value factors will be discussed and it is divided into three parts:
• Present value of P1
• Present value of an ordinary annuity
• Present value of an annuity due
Present value and future value factors are essential in understanding the concept of the time value of money. It plays an important role in accounting measurements and is used both by future accountants and accountants that are already working in the industry. Thus, this tutorial video aims to help students determine present value factors using a basic calculator. As we all know, the Professional Regulatory Commission (PRC) has already banned the usage scientific calculators in the Certified Public Accountant Licensure Examination (CPALE). Present and future value factors may or may not be given during the said examination; thus, being familiar in computing these using a basic calculator will greatly help accounting students especially because these factors are often used in specific accounts in the financial statements.
Part 2: Future value factors - • How to Compute Future ...
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Reference:
• Intermediate Accounting 1A (2018 Edition) by Zeus Vernon B. Millan, CPA
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4 окт 2024
