Nominal amount means amount without taking into account of inflation in forecast. Then, in discount rate also not add the inflation rate.
Then will be consistent in both forecast and discount.
If we consider real cash flow, then the inflation is add in. Say 7% inflation rate, the discount rate should add 7% to reflect it. The result of NPV will be the same in both nominal value and real value.
When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe
In accordance with SFRS109, investment in equity instruments must be subsequently measured at fair value. In limited circumstances, cost represents the best estimate when recent information not avail
In contract revenue to recognise using input method, one of the key audit procedures is to ascertain the budgeted cost of the project contract is reasonable. We need to test the underlining assumptio