Ritically appraise the application of traditional capital budgeting techniques.

It is expected that the assignment will include:

a? A review of the objectives of capital budgeting
a? A critical evaluation of recent developments in the application of the techniques
a? Critical comments on the role of post-completion auditing
a? An extensive range of references including refereed academic journal articles and examples from industrial/commercial practice.

The project should be 4,500 5,000 words in length (excluding quotations and footnotes).

The structure of the report could be in the following general format:

a? Title page
a? Declaration (Signed by student)
a? Abstract (one page)
a? Contents page
a? List of tables
a? List of figures

1 Introduction ………………………………………………………………… 1
2 The main body of the report…………………………………………….. 2
2.1 Secondary heading a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦.. x
2.2 Independent research…………………………………………………. x
2.2.1 Sub-headinga¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦.. x
2.3 Evaluate research methodologies in literature………………….. x
2.4 Findings ……………………………………………………………………… x
2.5 Knowledge and use of academic literaturea¦a¦………………….x
2.6 Focused critical reviewa¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦a¦..a¦a¦a¦a¦.x
3 Conclusions……………………………………………………………………. x
4 Recommendations …………………………………………………………. x

a? Bibliography
a? Glossary of terms
a? Word count (Sum of words from 1.Introduction to 4. Recommendations)
a? Appendices

Suggested Initial Reading

Drury, C. & Tayles, M. (1997) The misapplication of capital investment appraisal techniques. Management Decision [Online]. 35 (2), pp.86-93. Available from EmeraldFullTextArticle/Pdf/0700990402.pdf [Accessed 10 January 2013]