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CPE Self-Study
Investment Appraisal Techniques I
NASBA FIELD OF STUDY
Business Management and Organization
LEVEL
Basic
CPE CREDITS
Online: 2.5
One characteristic of all capital expenditure projects is the need to consider the time value of money. This CPE course explores the time value of money and expands on the three main reasons for it: consumption preferences, impact of inflation, and risk.

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Product details

Who Will Benefit?

  • Management accountants wanting to develop skills in financial performance management
  • CGMA exam candidates

Key Topics

  • The time value of money
  • Compound interest
  • Discounting
  • Capital investment appraisal
  • Net present value (NPV)
  • Internal rate of return (IRR)
  • NPV versus IRR
  • The modified IRR
  • The payback period
  • Accounting rate of return (ARR)
  • NPV and IRR with equal cash flows
  • Changing discount rates
  • Dealing with non-annual periods
  • The capital investment process
  • Post-completion audit
  • Project abandonment

Learning Objectives

After completing this course, you will be able to:

  • Calculate the net present value of cash flows, internal rate of return, and payback period to support decision-making related to project investments.
  • Recognize the financial consequences of dealing with long-term projects and the time value of money.
  • Identify non-financial factors in long-term decisions.
  • Identify decision-making processes and decision options based on appraisal of capital investment performance.

This CPE course is included in the 60+ hours of Financial Performance Management Program. It can also be purchased individually or as a part of Financial Decision Making.

Capital investment decisions normally represent the most important decisions that an organization makes. One characteristic of all capital expenditure projects is the need to consider the time value of money. This CPE course explores the time value of money and expands on the three main reasons for it: consumption preferences, impact of inflation, and risk. It explains compound interest and discounting and includes exercises to apply your knowledge on those topics. It also includes information on the net present value, and the internal rate of return, as well and the advantages and disadvantages of both. In addition, this course explores the capital investment process, the post-completion audit, and project abandonment.

Ratings and reviews
Author(s)

Kaplan Publishing Limited

Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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Price:
$69.00
Member Quantity:
Nonmember Quantity:
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Estimated total:
$69.00
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CREDIT INFO
CPE credits
Online
: 2.5
NASBA Field of Study
Business Management and Organization
Level
Basic
Prerequisites
None
ADVANCE PREPARATION
None
Delivery Method
QAS Self-Study
Course acronym
FPM-FDM5
GROUP PRICING
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