Download or read book A Review of Capital Budgeting Practices written by Ms.Davina F. Jacobs and published by International Monetary Fund. This book was released on 2008-06-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: A key challenge in government budgeting is to define an appropriate balance between current and capital expenditures. Budgeting for government capital investment also remains not well-integrated into the formal budget preparation process in many countries. This paper aims to provide an overview of past and current budgeting practices for public investment. The study will also provide a comparison between the budget practices between low-income countries and developed countries and make a series of recommendations for how to ensure efficient integration of capital planning and budget management in low-income countries.
Download or read book A Review of Capital Budgeting Practices written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Budgeting written by Pamela P. Peterson and published by John Wiley & Sons. This book was released on 2004-01-21 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book A Review of Capital Budgeting Practices and Implications written by Dick Sing Chan and published by . This book was released on 1985 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Management and Budgeting in the Public Sector written by Srithongrung, Arwiphawee and published by IGI Global. This book was released on 2019-01-11 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: To create an enhanced quality of life, attract business relocation, and enhance equity in access to public infrastructure, governmental bodies must take certain precautions with their money. Budgeting at such a high level requires careful evaluation and research that addresses every aspect of financial management. Capital Management and Budgeting in the Public Sector provides emerging research exploring the theoretical and practical aspects of long-term capital planning, annual capital budgeting, capital budget execution, and public spending evaluation. Featuring coverage on a broad range of topics such as fiscal federalism, political regime, and project execution management, this book is ideally designed for managers, accountants, professionals, practitioners, and researchers working in the areas of public finance and/or international development.
Download or read book Capital Budgeting Valuation written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2011-06-28 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Capital Budgeting And Investment Analysis written by Shapiro and published by Pearson Education India. This book was released on 2008-09 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Capital Budgeting written by Don Dayananda and published by Cambridge University Press. This book was released on 2002-10-17 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Capital Budgeting Practices Including the Impact of Inflation written by John M. Boersema and published by [Toronto]: L'Institut canadien des comptables agréés. This book was released on 1978 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Working Papers written by Davina F. Jacobs and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Budgeting written by Sandeep Goel and published by Business Expert Press. This book was released on 2015-01-26 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital budgeting is an important part of the financial management of a business organization. It is a process that business houses use to evaluate an investment proj- ect. The decision of whether to accept or deny an investment project is capital budgeting decision. Capital budgeting is important because it determines the long-term economic and nancial pro tability of any investment project. It lays down the future success of a business. Capital Budgeting aims to develop not only an understanding of the concepts of capital budgeting but also to provide its practical application to help students learn both theory and practice of capital budgeting used in the financial management of a business organization. It analyzes the capital budgeting practices of corporate enterprises in India in diverse sectors, on comparative basis, in order to provide the reader a better insight into the various issues and challenges regarding capital budgeting management.
Download or read book Capital Budgeting for the 1990 s written by Richard H. Pike and published by . This book was released on 1988 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Budgeting Practices written by Thabani Sibanda and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The main focus of this study is the analysis of the capital budgeting practices and techniques implemented by companies listed on the Alternative Exchange (Alt X) of the Johannesburg Securities Exchange (JSE). Dayananda, Iron, Harrison, Herbohn and Rowland (2002) explain that capital budgeting is the process through which companies assess various sizeable investments, both tangible and intangible, to determine the most viable investment projects for the company. Dayananda et al. (2002) further explain that viable investment projects are ventures that correspond with the company's objective of maximising shareholder wealth. Therefore, the capital budgeting process used by a company is very influential to its long-term sustainability. Ryan and Ryan (2002) add that an effective capital budgeting process employs appropriate measures and accurate techniques that ensure the company invests only in the most lucrative proposed projects. This study commences by presenting a general introduction into the research conducted, offering background insight that explains the need for a study of this nature. The research problem that was identified is discussed, followed by the purpose statement of the study and a definition of all the research objectives that guide the study. Furthermore, the academic value and intended contribution of the study as well as its practical benefits are disclosed. The introductory chapter also consists of the delimitations of the study and the key concepts covered in this study. In order to provide a complete analysis of the capital budgeting practices employed by the companies listed on the Alt X, a comprehensive literature review was conducted. This highlighted the importance of capital budgeting as well as the capital budgeting behaviour of large firms in South Africa and internationally. What emerged from this research was that the capital budgeting practices and techniques implemented by large companies generally tend to align with the recommendations of financial theory which advocates the use of discounted cash flow techniques and a discount rate that accounts for all sources of funds available to the company. The literature review also assesses studies conducted on the capital budgeting practices of small and medium sized enterprises (SMEs), the category under which Alt X listed companies fall. Findings from those studies reveal that SMEs traditionally employ inferior capital budgeting techniques in comparison to their - iii - larger counterparts and use no formal procedures to calculate an acceptable rate of return required from proposed investment projects. The theoretical background gained from the literature review is complimented by an empirical analysis which investigates the actual capital budgeting behaviour of the SMEs listed on the Alt X. Companies included in the study were from all seven sectors represented on the Alt X and selection was limited only to those with an active primary listing on this board. A web-based survey comprising of 28 questions was formulated using Survey Monkey Software to collect and analyse responses. The survey was divided into sections which included questions about respondent demographics, company profiles, capital budgeting practices implemented, capital rationing and the use of discount rates. The survey remained active for a period of eight weeks to allow sufficient time for all respondents invited to participate. A total of 15 responses were obtained from this process when the survey was closed to further responses. The research design, methodology and techniques that guided this study are also disclosed in this dissertation. The final part of this dissertation contains research findings obtained from analysing the primary data gathered through the survey. These findings are analysed and interpreted in isolation, by relating them to findings from comparable studies of the same population as well as to similar studies conducted both locally and internationally. Finally, this dissertation concludes by summarising all research findings derived from the literature review and the empirical study. It also presents recommendations and areas for further study that could be of academic and practical value to the field of finance.
Download or read book CAPITAL BUDGETING Decision Methods written by C'handra Sekhar and published by . This book was released on 2018-02-05 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: I am wrote this book CAPITAL BUDGETING decision methods with the following objectives." To demonstrate to readers that the subject of CAPITAL BUDGETING decision methods simple to understand, relevant in practice and interesting to learn." To help managers appreciate the logic for making better investment decisions." To explain the concepts and theories of Capital budgeting decision methods in a simple way so readers could grasp them very easily and be able to put them in to practice." To create a book that differentiates it self from other books in terms of coverage, theory and data presentation.This book useful to Students, Job Interviews, Investors, Financial advisers, Financial managers and Fund managers to relate theories, concepts and data interpretation to practice. This book deals with topic in Investment analysis is Capital Expenditure Decisions. This book covers the Introduction of Capital Budgeting, Capital Budgeting techniques(methods), Estimating project Cash flows and Project Analysis. Illustrating the Payback period(PBP), Discounted Payback Period(DPBP), Average rate of return(ARR), Net Present Value(NPV), Profitability Index(PI), Internal Rate of Return(IRR) and Modified Internal Rate of Return(MIRR). By study this book, the efficient financial decision makers can able to put their more efforts to take decisions with regarding to the allocation of funds among alternative investments in suitable projects.The common terms are used in this book are Cost of capital, Discount factor, Rate of return, Present value of cash inflows, Present value of cash outflows, Future value of cash inflows, Earnings before depreciation and tax(EBDT), Earnings before tax(EBT), Earnings after tax(EAT), Net Cash flows(NCF)etcﾅThis book CAPITAL BUDGETING decision methods aims to assist the reader to develop a thorough understanding of the concepts and theories underlying financial management in a systematic way. To accomplish this purpose, the recent thinking in the field of finance has been presented in a most simple, and precise manner.The main features of the book are simple understanding and key concepts.The book contains a comprehensive analysis of topics on ratio analysis with a view that readers understand financial decisions thoroughly well and are able to evaluate their implications for investors of the company.The text material has been structured to focus on Capital budgeting methods is in the investment decision making process.The book discusses the theories, concepts, assumptions, underlying investment decisions.It is hoped that this will facilitate a better understanding of the subject matter.Chandra SekharSri Venkateswara [email protected]
Download or read book Readings in Accounting for Management Control written by David Otley and Kenneth Merchant Clive Emmanuel and published by Springer. This book was released on 2013-12-19 with total page 689 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Special Review of Cash Management and Capital Budgeting Practices written by Virginia. Auditor of Public Accounts and published by . This book was released on 2002 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Budgeting in Chicago written by Chicago (Ill.). Committee on Coordinated Capital Budgeting and published by . This book was released on 1955 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
