Investment Evaluation Basics

Author: Ramby
Publisher:
Publish Date: 2004-05-01
Features: This book provides an in-depth yet accessible introduction to the methods and techniques of investment appraisal. It offers a comparative analysis of major investment appraisal methods such as Net Present Value (NPV), Payback Period, and IRR, as well as guidance on handling risks and addressing issues in overseas investments. The book covers relevant theories and practical operational skills, supported by numerous case studies. The quick question sections at the end of each chapter help readers grasp the fundamental concepts of the corresponding chapters, while further reading articles greatly broaden readers' perspectives. The content is primarily based on the UK context, but the theories and practices discussed are equally applicable to China and other countries. The book is innovative, concise, and focuses on corporate capital investment appraisal decisions, with limited coverage of other broad topics in financial management. Theories are illustrated through extensive real-world cases. Each chapter includes summaries, quick questions, and end-of-chapter exercises, with answers provided in the textbook appendix. The exercises are selected from past exams of ACCA, CIMA, and ICAEW. An online instructor's manual is available with answers to all chapter exercises. This book is suitable for intermediate courses for non-financial undergraduates and MBA students, as well as introductory courses for finance majors. Steve Lumby is the Head of the Accounting Department at Tutors and Emile Woolf Colleges. After working at H.J. Heinz for five years, he conducted research and delivered lectures on corporate financial management at the London School of Economics for several years. He has taught at King's College (University of London). He serves as an expert advisor to the Energy Committee under the UK Parliament and is a senior lecturer at Sheffield Hallam University.