Introduction to Investment Appraisal
Short course
In London
Description
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Type
Short course
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Location
London
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Duration
1 Day
At the end of the course participants will be able to: Understand the practical implications of making an investment decision. Understand and apply profit based measures to aid the investment decision. Understand and apply discounted cash flow techniques including NPV and IRR. Deal with the complex issues of taxation, inflation and risk and uncertainty. Suitable for: This course is aimed at management accountants and other managers needing to appraise capital investment proposals.
Facilities
Location
Start date
Start date
About this course
None
Reviews
Course programme
Complimentary e-learning module
Case Study
- A pack of case study questions and case studies that will be used as a basis for group work in class to practically reinforce learning of topics covered during the day
Other Extras
- Suggestions for further reading and study
- Certificate of attendance
Level: Introductory
Synopsis:
An essential facet of financial management is the investment decision.This course explores the methods of appraising investments and choosing between alternatives. It progresses onto more complex areas dealing with the implications of tax, inflation and uncertainty. Finally the course will cover two frequently asked management questions - should we lease or buy the assets and what is the optimal time period to replace assets?
At the end of the course participants will be able to: Understand the practical implications of making an investment decision . Understand and apply profit based measures to aid the investment decision . Understand and apply discounted cash flow techniques including NPV and IRR . Deal with the complex issues of taxation, inflation and risk and uncertainty .
Prerequisites:
None
Suitable For:
This course is aimed at management accountants and other managers needing to appraise capital investment proposals.
Introduction
- What is capital expenditure and why it requires special treatment
- Definition of assets
- The capital budgeting process
Profit based investment appraisal
- ROCE
- RI
- EVA
- Payback
Discounted cash flow techniques
- The time value of money
- Present values, annuities and perpetuities
- Net present values
- Internal rate of return
Advanced net present values
- Dealing with taxation
- Dealing with inflation
- Dealing with uncertainty
Further investment decisions
- Lease or buy
- Optimum asset replacement cycles
Introduction to Investment Appraisal