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Solution (Excel version) to ACCA Conditional Probability Example

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The example below is prepared by ACCA, extracted from the topic of conditional probability under Advanced Financial Management (Paper P4). Please refer to the link below for details. https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/p4.html I have prepared a Microsoft Excel version of the solution. Problem Brisport Master Motor Co (Brisport) designs, manufactures and sells a range of components for the motor car industry. The design team has recently designed a new component for inclusion into hybrid cars. The component greatly enhances the battery ‘road time’ and therefore reduces the frequency with which the battery has…

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Double-entry made simple

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This is a presentation I created to teach double-entry in different accounting courses. Although it is the foundation of financial accounting, the mechanism can be very difficult to understand and apply. My tip for you is to think of it as the flow of money from one place to another. Since money flows from one place to another, 2 (or more) places (i.e. accounts) must be involved. In this example, $20 departs from A and arrives at B. To understand the mechanism it doesn’t matter what A and B are.…

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