BEC Financial Management review 13

What is capital budgeting?

--------------------------- pertains to the allocation of capital among alternative investment opportunities to promote effective asset management.

What is a post project audit

a --------------------------- involves a comparison of actual and predicted results and an explanation of observed differences.

What is the purpose of a post project audit?

1. -------------------------------

2. improves the project implementation team has incentive to make the project happen, for their reputation if nothing else, just because they are aware of the post project audit.

What is the purpose of a post project audit?

1. supports refinements in future predictions

2. -----------------------------------.

Since depreciation is ------------------- as a regular business expense, it reduces taxable incremental earnings and therefore reduces incremental tax liability.  Thus depreciation shields part of the cash inflow from taxation when income taxes are a factor.

Since depreciation is deductible as a --------------------------------------, it reduces taxable incremental earnings and therefore reduces incremental tax liability.  Thus depreciation shields part of the cash inflow from taxation when income taxes are a factor.

Since depreciation is deductible as a regular business expense, it reduces taxable incremental earnings and therefore reduces -------------------------------.  Thus depreciation shields part of the cash inflow from taxation when income taxes are a factor.