Capital Budgeting Excellence in Financial Management. A research on Cargil Ghana Limited
METHODIST UNIVERSITY COLLEGE
RESEARCH METHODS ASSIGNMENT
RESEARCH PROPOSAL
TOPIC: CAPITAL BUDGETING-EXCELLENCE IN FINANCIAL MANAGEMENT
A RESEARCH ON CARGILL GHANA LIMITED
DATED:24TH MAY, 2013
TABLE OF CONTENTS
Don Donyanda , Richard Irons, Steve Harrison, John Herbohn and Patrick Rowland; “Capital Budgeting: Financial Appraisal of Investment Projects” (2002), pp 1-10 12
CHAPTER ONE
INTRODUCTION
1.0 INTRODUCTION AND BACKGROUD OF THE STUDY
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, its privately held company employs 142,000 people in 65 countries. They help customers succeed through collaboration and innovation, and are committed to sharing our global knowledge and experience to help meet economic, environmental and social challenges. Just like any other company, capital budgeting is a required managerial tool for Cargill Ghana Limited. One duty of a financial manager is to choose investments with satisfactory cash flows and rates of return. Therefore, at Cargill, the financial manager decides whether an investment is worth undertaking and be able to choose intelligently between two or more alternatives. To do this, a sound procedure to evaluate, compare, and select projects is needed. This procedure is called capital budgeting.
According to D.W. Carlton and J.M. Perloff (2005) in their book Modern Industrial Organization, capital budgeting is the backbone of financial economics. Related topics in financial economics include: the time value of money, the meaning of net-present value, accounting concepts consistent with present-value calculations, discount rates, and option valuation techniques.
In the public sector, the term is often exclusively associated with infrastructure investments -- plant and equipment. It is more properly associated with all policy choices that have significant, long-term consequences: especially
RESEARCH METHODS ASSIGNMENT
RESEARCH PROPOSAL
TOPIC: CAPITAL BUDGETING-EXCELLENCE IN FINANCIAL MANAGEMENT
A RESEARCH ON CARGILL GHANA LIMITED
DATED:24TH MAY, 2013
TABLE OF CONTENTS
Don Donyanda , Richard Irons, Steve Harrison, John Herbohn and Patrick Rowland; “Capital Budgeting: Financial Appraisal of Investment Projects” (2002), pp 1-10 12
CHAPTER ONE
INTRODUCTION
1.0 INTRODUCTION AND BACKGROUD OF THE STUDY
Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. Founded in 1865, its privately held company employs 142,000 people in 65 countries. They help customers succeed through collaboration and innovation, and are committed to sharing our global knowledge and experience to help meet economic, environmental and social challenges. Just like any other company, capital budgeting is a required managerial tool for Cargill Ghana Limited. One duty of a financial manager is to choose investments with satisfactory cash flows and rates of return. Therefore, at Cargill, the financial manager decides whether an investment is worth undertaking and be able to choose intelligently between two or more alternatives. To do this, a sound procedure to evaluate, compare, and select projects is needed. This procedure is called capital budgeting.
According to D.W. Carlton and J.M. Perloff (2005) in their book Modern Industrial Organization, capital budgeting is the backbone of financial economics. Related topics in financial economics include: the time value of money, the meaning of net-present value, accounting concepts consistent with present-value calculations, discount rates, and option valuation techniques.
In the public sector, the term is often exclusively associated with infrastructure investments -- plant and equipment. It is more properly associated with all policy choices that have significant, long-term consequences: especially