TAILIEUCHUNG - Lecture Principles of Managerial finance (4th edition): Chapter 9 - Lawrence J. Gitman

Chapter 9 - Capital budgeting techniques: Certainty and risk. This chapter covers the capital budgeting tools that financial managers and analysts use to evaluate the merits of an investment. Some of these techniques are quite intuitive and simple to use, such as payback analysis. Other techniques are a little more complex, such as the NPV and IRR approaches. | Chapter 9 Capital Budgeting Techniques: Certainty and Risk Learning Goals Understand the role of capital budgeting techniques in the capital budgeting process. Calculate, interpret, and evaluate the payback period. Calculate, interpret, and evaluate the net present value (NPV). Learning Goals (cont.) Calculate, interpret, and evaluate the internal rate of return (IRR). Use net present value profiles to compare NPV and IRR techniques. Discuss NPV and IRR in terms of conflicting rankings and the theoretical and practical strengths of each approach. Learning Goals (cont.) Understand the importance of recognizing risk in the analysis of capital budgeting projects. Discuss breakeven cash flow, sensitivity and scenario analysis, and simulation as behavioral approaches for dealing with risk. Discuss the unique risks that multinational companies face. Learning Goals (cont.) Describe the determination and use of risk-adjusted discount rates (RADRs), portfolio effects, and the practical .

• Tài chính doanh nghiệp
• Managerial finance
• Principles of managerial finance
• Lecture Principles of managerial finance
• Capital budgeting techniques
• Net present value
• Environment of managerial finance
• Financial services
• Career opportunities
• Financial statements
• Financial analysis
• Cash flow
• Financial planning
• Time value of money
• Future calue
• Risk and Return Fundamentals
• Interest rates
• Bond valuation
• Stock valuation
• Equity capital
• International managerial finance
• Capital budgeting cash flow
• Incremental cash flows
• The cost of capital
• Cost of long term debt
• Marginal cost
• Breakeven analysis
• Capital structure
• Operating breakeven point
• Working capital
• Current asset management
• Spontaneous liabilities
• Accounts payable management
• Short term loans
• Lecture Managerial finance
• Financial options
• Corporate finance
• Option terminology
• Dividend policy
• The financial market environment
• Corporate governance
• Managerial behavior
• Stock options
• Capital budgeting cash flows
• Payout policy
• Current liabilities management
• Business organization
• Maximize wealth
• Financial securities
• Free cash flows
• Future value
• Present value
• Rates of return
• Balance sheet
• Personal taxes