| Strategy and the Analysis of Capital Investments
After studying this chapter, you should be able to - Explain the strategic role of capital-investment analysis
- Describe how accountants can add value to the capital-budgeting process
- Provide a general model for determining relevant cash flows associated with capital-investment projects
- Apply discounted cash flow (DCF) decision models for capital-budgeting purposes
- Deal with uncertainty in the capital-budgeting process
- Discuss and apply other capital-budgeting decision models
- Identify behavioral issues associated with the capital-budgeting process
- Understand and use alternative presentation formats for the asset-replacement decision (Appendix A)
- Identify selected advanced considerations in making capital-investment decisions (Appendix B)
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