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Formula 2. Private equity, perhaps obviously, pays attention to very different aspects of the formula than an accounting firm will. "The way that private equity works is that you buy the business, and ...

Expanded Accounting Equation: Definition, Formula, How It Works. By. Adam Hayes. Full Bio. Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader.

Another Excel accounting formula is LET. This function enables users to assign names to the results of calculations, and you can also define variables inside a formula using it.