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.
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