Sunday, February 16, 2020

Investment appraisal as a form of management control Essay

Investment appraisal as a form of management control - Essay Example This is then followed by the various investment methods in practice. The traditional and discounted cash flow methods are then discussed in detail. It is essential for the management to choose the appropriate investment appraisal technique to be followed and hence the next section focuses on the selection approach. This section throws light on the merits and demerits of the various investment appraisal techniques as well. In order to understand the importance of security projects (non-financially justifiable), a case study is then taken, where a security team makes a proposal to the management to invest on a security project. It is evident that, in the corporate world, the management takes decision based on financial benefits and hence the security team has to justify the investment. The case study uses two methods, NPV and IRR, to arrive at the benefits from the investment. Based on the results, one of these methods is finalized and presented to the management. In order to understand the need for investment appraisal to management control, it is essential to discuss about the various types of investments and the degree of impact they have on a company’s growth. Any growing company continuously invests on new projects to increase its net worth or value. There are various types of investments made by companies every year. These investments can be as large as setting up an entire unit or as small as buying stationery for the company. The management needs to ensure that all the investments made by the company are justified and are necessary for the business. This is very essential as these decisions directly affect the value of the company and in turn, the shareholders. Management generally classifies all investments into financially justifiable investments and non – financially justifiable investments (Weston and

Sunday, February 2, 2020

Belief, Doubt and Synthesis Essay Example | Topics and Well Written Essays - 1500 words

Belief, Doubt and Synthesis - Essay Example A good writer knows how long to illustrate a scene. For instance, when reading a novel, a reader should be stabbed by suspense on every page as he waits for the characters and the story to unfold, but does not rush because he knows each sentence is a journey and he never wish to miss a single word. Moreover, this reader can answer all questions and have an opinion concerning each character. A good writer for example, can develop characters that a reader can really hate, such as Jane Austen. Good writings like novels one wants to read repeatedly, particularly the ones you read for the first time but go back to the first page as soon as you finish. When there is no rule of what someone speak or thinks, writing becomes perfect and easy. When an individual talks freely, he is likely to put his speech in writing, and this pushes him to practice regularly. Consequently, he becomes a better writer than he was before since he sharpens his skills, he becomes more confident, and enjoys writing . Sometimes, when we talk to others, their ideas leave more thoughts on the choice of a subject to be written about. Writing entails use of language to bring out the ideas. We read the responses of others and understand what they mean with language, and always, we â€Å"speak† to ourselves internally when processing these ideas and come up with logical conclusions. I believe that rational thinking inevitably involves definite degree of language use, meaning that thought is absolutely determined by language. According to Fisher 99, in writing our affirmations and what we think is right, and put all our attention on paper, we probably notice some form of internal resistance pop ping up. When u write what you tell yourself on deep levels, you encourage your react to what people think is right or wrong. With time, you read what is written and this helps you to create your present reality. It is necessary that we write our affirmations to find a solution and release it from your consciousness. This gives you freedom and power to feel literally wonderful instead of limiting yourself to other peop le’s myths and thoughts. Writing also helps us remember some things in cases where we have a lot going through our minds. Doubt Doubt is often created by the lack of any sort of complete reality, which could serve as an undeniable stating point on which knowledge could be developed. It is a status between believing and not believing in something, involving a motive, an action, or a decision made by an individual. By systematically doubting something, we know about ourselves and those around us. Today, I got a feedback that tested if I trust my senses. At about noon, my friend and I were shopping at a nearby local mall. We had not had breakfast and so we opted to look for a place to have lunch. Walking down the mall into one of the supermarket, I noticed at a distance a very pleasant display of some Japanese meals on sale. My mouth began watering instantly since I was quite hungry. We agreed on eating at the mall, though it was a bit crowded (McGrath 43). My friend suggested t hat the