The basic assumption of Value Based Management is look only at [[Operational Cash Flow]] for evaluating the value generation capabilities of a firm.

|Value Based Management|Traditional P&L|h
|[[NOPAT]] stands for Net Operating Profits After Tax|Sales Revenue - Full Costs of Sales (excl interest)|
|[[EBIAT]]|

This was the picture on the board during the [[M9-Accounting]] block:
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bag
finance_public
created
Sun, 24 Oct 2010 19:50:40 GMT
creator
dirkjan
modified
Sun, 24 Oct 2010 19:50:40 GMT
modifier
dirkjan
tags
M9
Term
creator
dirkjan