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  1. OASIS Open Document Format for Office Applications (OpenDocument) TC
  2. OFFICE-3357 Public Comment: Comment about PV
  3. OFFICE-3431

Add text to state the sign convention for annuity cash flows.

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    Details

    • Type: Sub-task
    • Status: Applied
    • Priority: Major
    • Resolution: Fixed
    • Affects Version/s: ODF 1.2 CD 05
    • Fix Version/s: ODF 1.2 CD 06
    • Component/s: OpenFormula
    • Labels:
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    • Proposal:
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      In 6.12.1 General add a new paragraph

      Financial functions defined in this standard use a cash flow sign convention where outgoing cash flows are negative and incoming cash flows are positive.

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      In 6.12.1 General add a new paragraph Financial functions defined in this standard use a cash flow sign convention where outgoing cash flows are negative and incoming cash flows are positive.

      Description

      I corresponded further with the author of the parent public comment. The confusion appears to stem from different sign conventions used in different disciplines (e.g., economics versus accounting). Although our sign convention is inherent in our formulas, it is probably worth stating the convention explicitly.

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            • Assignee:
              rcweir Robert Weir (Inactive)
              Reporter:
              rcweir Robert Weir (Inactive)
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              • Created:
                Updated:
                Resolved: