Capital Budgeting: Concepts & Techniques
Wednesday, December 6 - Thursday, December 7, 2017
2:00 PM - 4:00 PM Eastern Standard Time
Capital budgeting is a process for evaluating and ranking the investment opportunities of a firm. Capital budgeting is a bottom-up approach that includes project identification, estimating cash flows, quantifying risk and determining if the proposed project adds value to the firm. Successful firms develop a capital budgeting methodology applicable to all levels of the firm, from analyst to CFO.
This course covers the concepts of capital budgeting that all business professionals must understand to successfully navigate the complexities of capital expenditures and investment decision-making. Engineers, scientists, human resources, marketing, accounting and related disciplines must understand how their decisions impact firm value. Course topics include terminology, time value of money, introductory valuation tools, pro-forma cash flow statement development and analysis presentation.
- Understand the importance of capital budgeting and its impact on firm value
- Perform modern capital budgeting techniques in Excel
- Build pro-forma cash flow statements in Excel
- Prepare a report with assumptions, analyses, and recommendations
SpeakerLuke Miller, PhD
Associate Professor of Finance, Saint Anselm College
Luke Miller's teaching and research interests span all areas of business valuation to include financial planning, capital budgeting, replacement analysis, capital rationing, security analysis, and risk management. After attending the University of Virginia for his undergraduate degree in Systems Engineering, he served as an instructor and program manager in the U.S. Air Force. Completing his Masters and Ph.D. in Financial Engineering from Auburn University, Dr. Miller has served as a faculty member in the School of Business Administration at the University of San Diego and Fort Lewis College where he taught quantitative and financial economic courses.