CAPITAL BUDGETING IN A PRIVATE SECTOR
(A CASE STUDY OF NIGERIAN BREWERIES)
By
EZEANI, NGOZI J. AC/H2002/36
Presented To
Department of Accountancy
PREFACE
The main objective o this research work is to develop systematically the beginning of and various stages in capital budgeting.
Indeed, the aim is to provide an integrated presentation of capital budgeting and to view the unity of the subject matter in such a way that the questions of â€�“howâ€Â� and â€�“whyâ€Â� are easily answered.
The topics, sales forecasting (touched briefly) and forecasting of financial requirements as they relate to capital budgeting are covered. The other section of this research work include literature review, research methodology, case study and analysis of data and summary of findings recommendation and conclusion.
The section in literature review is quite extensive when compared to other sections of this research work. it is the intention of the researcher to bring out the essentials that relate to capital budgeting and hint on those that relate to the company under study. It is hope that those that do not elate to the company will find it useful, to students with interest in capital budgeting and who capital budgeting and who carryout their research work on their companies in Nigeria and aboard.
This research work is written in language that will make it easy for many people to read and understand. It is my hope that it will enhance the attractiveness of capital budgeting for a large number of audience.
TABLE OF CONTENTS
Title Page II
Certification III
Dedication IV
Preface VI
Acknowledgement VII
Table of contents IX
CHAPTER ONE
Introduction 1.1 Problem statement 2
1.2 Hypothesis 6
1.3 Limitations of study 8
1.4 Significance of study 9
1.5 Definition of terms 12
CHAPTER TWO
Literature review 2.1 Ranking investment proposal 14
2.2 Post auditing of the investment decision 17
2.3 Analysis of capital projects 19
2.4 Capital rationing 35
CHAPTER THREE
Research methodology and designation 3.1 Sources of data 55
CHAPTER FOUR
Case study and analysis of data and presentation 4.1 Profile of Diamond breweries limited 61
4.2 Organisational structure with special â€"
CHAPTER FIVE
Summary of findings, recommendation and conclusion 5.1 Summary of findings 75
5.2 Recommendations 78
5.3 Conclusion 80
BIBLIOGRAPHY 81
INTERVIEW QUESTIONS 83
APPENDIX