We envision the Translator serving as a practical tool to assist management, investors, and regulators in the needed transition to the New Economy Accounting that includes the handling of intangible assets.
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 firm, and detailed financial statements consistent with a selected inflation environment.

Essential background SSRN papers by Bartley J. Madden and Donn DeMuro include:

1. “Bridging the Gap Between Accounting Returns and Economic Returns”
2. “Translator Simulation Software: User Manual”

Users can easily change characteristics of the simulated firm and display a comparison of accounting returns (e.g., RONA, ROIC) over time versus economic (“truth”) inputs.

In the future, we plan to make the Translator code available to academic researchers motivated to develop more advanced versions of the Translator to study alternative ways of handling intangible assets.