LectureSlidesformanagementaccounting澳洲大学全英文PPT精选.pptx

Chapter 21;For this topic you should be able to:;Capital Expenditure Decisions;Expenditure Decisions;Capital expenditure approval process;Discounted cash flow (DCF) analysis; Net present value method (NPV);Net present value method (NPV) (cont.);Internal rate of return method (IRR);Internal rate of return method (IRR) (cont.);Determining the required rate of return (ROR);Depreciable assets ;Comparing the NPV and IRR methods;Assumptions underlying discounted cash flow analysis;Least-cost decisions;Comparing two alternative investment projects;Comparing two alternative investment projects (cont.);Profitability index;Accounting for uncertainty using real-options analysis;Accounting for uncertainty using real-options analysis (cont.);Other techniques for analysing capital expenditure proposals;Lecture Illustration 1;Lecture Illustration 1;Payback: the pros and cons;Accounting rate of return method;Lecture Illustration 1 (cont.);Performance evaluation: a behavioural issue;Income taxes and capital expenditure analysis;After-tax cash flows;Net present value analysis with after-tax cash flows for purchase of delivery truck, High Country Department Stores;Depreciation and cash flows;Other cash flow issues arising from taxation;Post-completion audits of capital expenditure decisions;Justification of investments in advanced technologies;Justification of investments in advanced technologies (cont.);The limitations of traditional capital expenditure analysis;The limitations of traditional capital expenditure analysis (cont.);Acknowledgement