MAKE BETTER INVESTMENT DECISIONS
Investment Appraisal
Learn how to evaluate capital investment decisions using practical financial analysis. Build your understanding from payback and ROCE to DCF, NPV, IRR, risk analysis, taxation, inflation, and complex investment scenarios.
Investment Appraisal Course Overview
Investment appraisal is the process of evaluating whether a proposed investment or project is financially worthwhile. For businesses, these decisions can involve significant amounts of capital and may affect cash flow and long-term financial performance.
This course provides practical training in capital budgeting and investment appraisal, helping you understand the financial techniques used to evaluate investment opportunities.
WHAT'S INCLUDED in Investment Appraisal Course
Everything you need to master in Investment Appraisal Course
Your Investment Appraisal Course package gives you complete access to all the resources, support, and tools you need to study effectively.
Topic Videos
16 hrsFocused lessons covering the key investment appraisal and capital budgeting techniques.
Question & Solution Videos
10 hrsWorked on investment appraisal questions with detailed solutions and practical application.
One Year Access
Study at your own pace and revisit lessons throughout your 12-month access period.
Excel Working Files
Downloadable files to practise calculations and follow along with the course.
Certificate of Completion
Receive a certificate after completing the course.
Understand the Investment Appraisal Syllabus
Your complete course covers capital budgeting from payback and ROCE through to complex international investment decisions — from discounted cash flow techniques through to risk and specific investment scenarios — with worked questions in almost every lecture.
Introduction to investment decisions
Relevant cash flows, the payback period method, and ARR and ROCE as early appraisal techniques.
Discounted cash flow techniques
Compounding, discounting, annuities and perpetuities, building up to Net Present Value and Internal Rate of Return.
Allowing for inflation and taxation
Adjusting project appraisal for inflation, taxation, and working capital, with fully worked long questions.
Project appraisal and risk
Certainty equivalents, probability analysis, sensitivity analysis, and expected NPV under uncertainty.
Specific investment decisions
Lease-or-buy decisions, asset replacement, equivalent annual benefits, and capital rationing.
International investment and changing risk
International investment decisions, financing decisions, cost of capital, and adjusted present value.
Investment Appraisal Course content
A clear path through the Investment Appraisal Syllabus
Student reviews
What students say about their experience with Vertex
Investment Appraisal FAQs
Frequently Asked Questions for Investment Appraisal Course
Who is this investment appraisal course suitable for?
It is designed for accountants, finance professionals, and accounting and finance students studying BBA, MBA, ACCA, CIMA, CPA, CFA, CAT or ICAEW.
Do I need prior knowledge of investment appraisal?
No. The course starts with fundamental investment appraisal techniques and gradually progresses to more complex scenarios.
Does the course cover capital budgeting?
Yes. Investment appraisal is the core of the course and is covered as part of capital budgeting and project evaluation.
Does the course cover inflation and taxation?
Yes. The course covers the effect of inflation and taxation on investment appraisal calculations
Does the course cover risk and uncertainty?
Yes. You will study sensitivity analysis, certainty equivalents, probability analysis, and other approaches to project appraisal under risk.
Does the course cover lease-or-buy and asset replacement decisions?
Yes. These are included as specific investment decisions within the course.
Does the course include practical questions?
Yes. Question examples and solutions are included throughout the course, along with longer case studies.
Ready when you are
Build Practical Investment Appraisal Skills
Learn how to evaluate capital investments using DCF, NPV, IRR, payback, risk analysis and practical project appraisal techniques.