Investment Appraisal

Investment Appraisal
Author: Uwe Götze
Publisher: Springer
Total Pages: 371
Release: 2015-03-18
Genre: Business & Economics
ISBN: 3662458519

This book provides an introduction to investment appraisal and presents a range of methods and models, some of which are not widely known, or at least not well covered by other textbooks. Each approach is thoroughly described, evaluated and illustrated using examples, with its assumptions and limitations analyzed in terms of their implications for investment decision-making practice. Investment decisions are of vital importance to all companies. Getting these decisions right is crucial but, due to a complex and dynamic business environment, this remains a challenging management task. Effective appraisal methods are valuable tools in supporting investment decision-making. As organisations continue to seek a competitive edge, it is increasingly important that management accountants and strategic decision-makers have a sound knowledge of these tools.

Capital Budgeting

Capital Budgeting
Author: Don Dayananda
Publisher: Cambridge University Press
Total Pages: 290
Release: 2002-10-17
Genre: Business & Economics
ISBN: 113943487X

This book explains the financial appraisal of capital budgeting projects. The coverage extends from the development of basic concepts, principles and techniques to the application of them in increasingly complex and real-world situations. Identification and estimation (including forecasting) of cash flows, project appraisal formulae, and the application of net present value (NPV), internal rate of return (IRR) and other project evaluation criteria are illustrated with a variety of calculation examples. Risk analysis is extensively covered by the use of risk adjusted discount rate, certainty equivalent, sensitivity, simulation and Monte Carlo analysis. The NPV and IRR models are further applied to forestry, property and international investments. Resource constraints are introduced to the capital budgeting decisions with a variety of worked examples using linear programming technique. All calculations are extensively supported by Excel workbooks on the Web, and each chapter is well reviewed by end of chapter questions.

Review of Management Accounting Research

Review of Management Accounting Research
Author: Magdy G. Abdel-Kader
Publisher: Springer
Total Pages: 600
Release: 2011-10-26
Genre: Business & Economics
ISBN: 0230353274

A comprehensive review of contemporary research in management accounting. Provides a thorough critical analysis of recent issues published in the management accounting literature and identifies gaps for future research in each issue reviewed.

Investment Appraisal

Investment Appraisal
Author: Uwe Götze
Publisher: Springer Science & Business Media
Total Pages: 393
Release: 2007-12-22
Genre: Business & Economics
ISBN: 3540399690

This book presents a range of investment appraisal methods and models to help readers make good investment decisions. Each approach is thoroughly described, evaluated, and illustrated using examples, with its assumptions and limitations analyzed in terms of their implications for investment decision-making practice. Getting investment decisions right is crucial but due to a complex and dynamic business environment this remains a challenging management task.

Capital Budgeting Valuation

Capital Budgeting Valuation
Author: H. Kent Baker
Publisher: John Wiley & Sons
Total Pages: 533
Release: 2011-06-28
Genre: Business & Economics
ISBN: 0470569506

An essential guide to valuation techniques and financial analysis With the collapse of the economy and financial systems, many institutions are reevaluating what they are willing to spend money on. Project valuation is key to both cost effectiveness measures and shareholder value. The purpose of this book is to provide a comprehensive examination of critical capital budgeting topics. Coverage extends from discussing basic concepts, principles, and techniques to their application to increasingly complex, real-world situations. Throughout, the book emphasizes how financially sound capital budgeting facilitates the process of value creation and discusses why various theories make sense and how firms can use them to solve problems and create wealth. Offers a strategic focus on the application of various techniques and approaches related to a firm's overall strategy Provides coverage of international topics based on the premise that managers should view business from a global perspective Emphasizes the importance of using real options Comprised of contributed chapters from both experienced professionals and academics, Capital Budgeting Valuation offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.

Capital Investment & Financing

Capital Investment & Financing
Author: Chris f Agar
Publisher: Elsevier
Total Pages: 444
Release: 2005-05-06
Genre: Business & Economics
ISBN: 0080476384

The requirement to maximise value for shareholders is at the core of any corporate investment or financing decision. The intrinsic value of proposed investments should be assessed before deciding how much capital to allocate; the benefits and risks associated with each available source of finance should be considered when capital is being raised; and capital, and any associated financial risks, should be managed in a way that continues to maximise value. At every stage, an analysis should be carried out to ensure the decision is optimal for shareholders and other capital providers.This book provides practical guidance on the application of financial evaluation techniques and methods (mainly covered in Appendices), as well as comprehensive coverage of traditional corporate finance topics, discussed in the context of capital investment, raising and management and financial risk management (using derivatives). Models, formulae and other quantitative techniques are illustrated in over 100 examples (using only basic mathematics). Topics discussed include the following:* business appraisal using financial ratios* corporate valuation (mainly discounted cash flow and real options)*investment appraisal techniques* acquisition structuring and evaluation* the nature of loans and loan agreements* features and pricing of bonds (straight and convertible)* leasing (including leveraged leasing)* equity raising (Initial Public Offerings)* long and short term capital management* basic pricing of derivatives (forwards, futures, options, swaps)* interest rate and currency risk management using derivativesCapital Investment & Financing provides a comprehensive, in-depth coverage of concepts, methods and techniques involved when evaluating acquisitions and other investments, assessing financing opportunities, and managing capital. The core chapters provide practical guidance on key corporate finance topics; the Appendices contain more quantitative material, focusing on pricing techniques. Examples are used throughout, and an integrated case study (fictional) in the final Appendix uses many of the techniques discussed.*Discusses all key areas of corporate investing and financing, focusing on key financial issues *Concise, thorough and technical, it enables to reader to acquire knowledge effectively *Can be used in everyday analysis and decision making

Capital Budgeting And Investment Analysis

Capital Budgeting And Investment Analysis
Author: Shapiro
Publisher: Pearson Education India
Total Pages: 264
Release: 2008-09
Genre:
ISBN: 9788131719893

Capital Budgeting and Investment Analysis marries theory with practice by providing numerous illustrations of real-world applications. It includes a discussion of capital budgeting's link to the corporation's strategy for creating value as well as addressing the international aspects of capital budgeting. The basic philosophy of this book is to help students develop their critical thinking skills required to assess potential investments. Topics covered include the basics of capital budgeting, the estimation of project cash flows and the project cost of capital, risk analysis in capital budgeting, and corporate strategy and its relationship to the capital-budgeting decision.

Capital Budgeting

Capital Budgeting
Author: Pamela P. Peterson
Publisher: John Wiley & Sons
Total Pages: 256
Release: 2004-01-21
Genre: Business & Economics
ISBN: 0471446424

Capital investment decisions are a constant challenge to all levels of financial managers. Capital Budgeting: Theory and Practice shows you how to confront them using state-of-the-art techniques. Broken down into four comprehensive sections, Capital Budgeting: Theory and Practice explores and illustrates all aspects of the capital budgeting decision process. Pamela Peterson and Frank Fabozzi examine the critical issues and limitations of capital budgeting techniques with an in-depth analysis of: Classifying capital budgeting proposals Determining the relevant cash flows for capital budgeting proposals Assessing the economic value of a capital budgeting proposal using different techniques Incorporating risk into the capital budgeting decision Evaluating whether to lease or borrow-to-buy Capital Budgeting: Theory and Practice provides the knowledge, insight, and advice that will allow you to handle one of the most important aspects of your firm's financial management. Advanced enough for practitioners yet accessible enough for the novice, Capital Budgeting: Theory and Practice is your complete guide to understanding and benefiting from the essential techniques of capital budgeting.

Valuation and Investment Appraisal

Valuation and Investment Appraisal
Author: Ross Geddes
Publisher: Global Professional Publishi
Total Pages: 350
Release: 2002
Genre: Business & Economics
ISBN: 9780852976340

· Highlights key elements of financial statements · Uses worked examples throughout A unique practitioner's insight into key aspects of corporate finance and treasury management. Focuses on the evaluation of investment decisions, by highlighting the key elements of financial statements and the ratios therein and their relevance to the financial analyst in the valuation of companies. This book uses worked examples to show just how financial statements and ratios can be interpreted, and different valuation methods can be employed, to assess the company's strategic position within its industry and evaluate its business and marketing plans to produce accurate financial forecasting. It also examines the main sources of finance available to companies and the impact of the type of finance raised on the valuation of investment.

Capital Investment Appraisal

Capital Investment Appraisal
Author: Ian W. Harrison
Publisher:
Total Pages: 108
Release: 1973
Genre: Business & Economics
ISBN:

UK. Monographic manual on the management techniques involved in capital investment decision making - introduces basic concepts of capital investment expenditure, taxation, investment return, capital flow and discounted cash flow, net present value, etc. Bibliography pp. 88 and 89, flow chart and graphs.