Difference between revisions of "Financial Director"

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{{Interwiki/Economist}}
 
{{Interwiki/Economist}}
[[image:accountants.png|thumb]] The '''Financial Director''' (known before as Economist and as Accountant) is a [[staff|specialist]] that increases the amount of funds a [[club]] can keep in cash, before the Board intervenes. It also increases the speed with which the Board will release money to the manager when cash runs below the cash reserve limit established by the Board.
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<!--[[image:accountants.png|thumb]] The '''Financial Director''' (known before as Economist and as Accountant) is a [[staff|specialist]] that increases the amount of funds a [[club]] can keep in cash, before the Board intervenes. It also increases the speed with which the Board will release money to the manager when cash runs below the cash reserve limit established by the Board.
  
 
Hiring a Financial Director increases the Club’s economic flexibility and is especially useful for clubs that have a strong financial position. Normally, the Board sets a limit to how much money is at the managers direct disposal for things such as salaries, player transfer fees, or arena projects. The rest of the cash will be held by the Board and will only be released by the Board when the Board deems it necessary.
 
Hiring a Financial Director increases the Club’s economic flexibility and is especially useful for clubs that have a strong financial position. Normally, the Board sets a limit to how much money is at the managers direct disposal for things such as salaries, player transfer fees, or arena projects. The rest of the cash will be held by the Board and will only be released by the Board when the Board deems it necessary.
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==Accountants==
 
==Accountants==
Old '''Accountants''', known as Economists before 12/09/2008, were removed for the game in [[Faster training next season|Global season 43]]. They were responsible for your bank account and could get you profits from assets and debts. The result of their work showed with the [[Updates#Weekly_Update|financial update]] in your country. You had to calculate the interest with two different formulas, depending on whether you have a negative or positive balance.  
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Old -->'''Accountants''', known as Economists before 12/09/2008, were removed for the game in [[Faster training next season|Global season 43]]. They were responsible for your bank account and could get you profits from assets and debts. The result of their work showed with the [[Updates#Weekly_Update|financial update]] in your country. You had to calculate the interest with two different formulas, depending on whether you have a negative or positive balance.  
  
 
====How did they work====
 
====How did they work====

Revision as of 13:07, 21 March 2014

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Accountants, known as Economists before 12/09/2008, were removed for the game in Global season 43. They were responsible for your bank account and could get you profits from assets and debts. The result of their work showed with the financial update in your country. You had to calculate the interest with two different formulas, depending on whether you have a negative or positive balance.

How did they work

Accountants had double function:

  • Debit Interest: If you had negative balance the previous week.

Interest for 1 accountant= [money on account in previous week] * 0,00666 ([money on account in previous week] * 0,0333 * 0,2)

Example: With -270.000 € on your bank account, you paid 3,33% = 9.000 € in interest expenses and you will generate 2.100 € in interest income. Accountant expenses will be 3.600 €, so it will not be profitable to hire more than one accountant. Here too it will round down to the nearest hundred €.
If your bank account states -269.000 €, you will only get 1.700 € in interest income, because it will round down to the nearest hundred €. Accountant expenses will then be higher than interest income, and it will not be profitable to hire any accountants!
  • Credit Interest: For a positive balance, the interest rate (as of 22/07/2007) was calculated like this:
Interest rate = 0.0375% * SQRT([amount of accountants]) (100 * FLOOR(0.000375 * SQRT([amount of accountants]) * [money on account] / 100))
Unfortunately the math package was not installed properly. Once this works, these formulas should be used:

interest rate = 0.0375% * \sqrt{[amount of accountants]} (interest = 0.0375% * \sqrt{[amount of accountants]} * [money on account])

That gives the following interest rates for numbers of economists:
# Accountants % interest rate
0 0
1 0.0375
2 0.0525
3 0.065
4 0.075
5 0.08375
6 0.09125
7 0.09875
8 0.10625
9 0.1125
10 0.11875
The maximum interest was 25,000 €