topic 7 Capital Budgeting资本预算

财务管理专业英语、7.1Capital investment decisions。7.2Guidelines for Estimating Project Cash Flows。7.3Investment Rules。7.4Business Practice。

topic 7 Capital Budgeting资本预算

• 7.1Capital investment decisions
  • nature of capital budgeting
  • project Classifications
• 7.2Guidelines for Estimating Project Cash Flows
  • Identify Incremental Cash Flows
  • Focus on After-tax Cash Flows
  • Postpone Considering Financing Costs
  • Other Cash Flow Considerations
    • sunk costs
    • opportunity costs
    • allocated overhead
    • residual value
    • side effects
• 7.3Investment Rules
  • NPV
  • PI
  • IRR
  • PP
  • DPP
• 7.4Business Practice
• 7.5Analyzing Project Risk
  • Sensitivity Analysis
  • break-even Analysis
  • simulation
• 7.6Project Selection with Resource Constrains
• 7.7Qualitative Factors and the Selection of Projecs
• 7.8The Post-Audit
  • two purposes
    • improve forecasts
    • improve operations