|
TRANSLATOR SIMULATION SOFTWARE |
The Translator is a practical tool to help management, investors, and regulators with the needed transition to the New Economy Accounting that handles intangible assets. We strongly recommend that, before running simulations, you read the following: The Translator simulation software uses a Python interface connected to a comprehensive calculation engine that coordinates economic inputs, which drive long-term performance of the simulated firm. Detailed financial statements are calculated consistent with a selected inflation environment. The key objective is to compare time series of known internal rates of return on each year’s investments—labeled economic returns—with a time series of accounting returns (RONA, ROIC, etc.) calculated from balance sheets and income statements. Users can easily change the simulated firm’s asset composition (tangible and intangible assets). Here is a useful CHECKLIST, “Essential Steps for First-time Translator Users.” Click here for TRANSLATOR INSTALLATION INSTRUCTIONS. The current interface for the Translator is purposively a bare-bones minimum to accomplish two objectives:
Our major effort was focused on the core Translator code that contains a robust calculation engine and data array structure. The engine is a stand-alone function which could be wrapped into customized user interfaces. We will provide the core Translator code to academic institutions for educational use. For questions regarding the above checklist installation instructions, email mdtranslator@demuro.org which connects you with Donn DeMuro who did all the software development. |