公司理财第九章 项目分析.pptVIP

Topics Covered How Firms Organize the Investment Process Some “What If” Questions Sensitivity Analysis Scenario Analysis Break Even Analysis Operating Leverage Capital Budgeting Process There are two important steps in the investment process: the capital budget and project authorization. They include the planning and proposals of investment, followed by evaluation and approval. Capital Budgeting Process Capital Budget - The list of planned investment projects. The list may be compiled from the bottom up (divisions and departments) or from the top down (strategic planning). Capital B