If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> INTERNATIONAL GOOD PRACTICE GUIDANCE<br /> Project and Investment Appraisal for Sustainable<br /> Value Creation<br /> 2<br /> The mission of the International Federation of Accountants (IFAC) is to serve the public interest by:<br /> contributing to the development of high-quality standards and guidance; facilitating the adoption and<br /> implementation of high-quality standards and guidance; contributing to the development of strong<br /> professional accountancy organizations and accounting firms and to high-quality practices by professional<br /> accountants, and promoting the value of professional accountants worldwide; and speaking out on public<br /> interest issues.<br /> The Professional Accountants in Business (PAIB) Committee serves IFAC member bodies and professional<br /> accountants worldwide who work in commerce, industry, financial services, education, and the public<br /> and not-for-profit sectors. Its aim is to promote and contribute to the value<a title="Project and Investment Appraisal for Sustainable Value Creation page 1" href="http://viewer.zmags.com/publication/f1c5f6ef?page=1"> INTERNATIONAL GOOD PRACTICE GUIDANCE Project and </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 2" href="http://viewer.zmags.com/publication/f1c5f6ef?page=2"> 2 The mission of the International F</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 3" href="http://viewer.zmags.com/publication/f1c5f6ef?page=3"> 3 Table of Contents INTRODUCTION </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 4" href="http://viewer.zmags.com/publication/f1c5f6ef?page=4"> 4 Introduction 1.1 In the interest of</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 5" href="http://viewer.zmags.com/publication/f1c5f6ef?page=5"> Research shows that a significant number of organ</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 6" href="http://viewer.zmags.com/publication/f1c5f6ef?page=6"> 6 organization. </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 7" href="http://viewer.zmags.com/publication/f1c5f6ef?page=7"> 7 Principles of Project and Investment Apprais</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 8" href="http://viewer.zmags.com/publication/f1c5f6ef?page=8"> 8 F. All assumptions used in u</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 9" href="http://viewer.zmags.com/publication/f1c5f6ef?page=9"> 9 Practical Guidance on Implementing the Princ</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 10" href="http://viewer.zmags.com/publication/f1c5f6ef?page=10"> 10 possible. A project or investment </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 11" href="http://viewer.zmags.com/publication/f1c5f6ef?page=11"> 11 A10. Investments to improve welfa</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 12" href="http://viewer.zmags.com/publication/f1c5f6ef?page=12"> 12 to estimate project ri</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 13" href="http://viewer.zmags.com/publication/f1c5f6ef?page=13"> B7. An approach to deal with a project </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 14" href="http://viewer.zmags.com/publication/f1c5f6ef?page=14"> 14 considering discount </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 15" href="http://viewer.zmags.com/publication/f1c5f6ef?page=15"> 15 risk and required rate of return. </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 16" href="http://viewer.zmags.com/publication/f1c5f6ef?page=16"> 16 options will change depending on h</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 17" href="http://viewer.zmags.com/publication/f1c5f6ef?page=17"> Figure 2: Key Inputs into a Decision Analysis </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 18" href="http://viewer.zmags.com/publication/f1c5f6ef?page=18"> 18 costs, supply chain im</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 19" href="http://viewer.zmags.com/publication/f1c5f6ef?page=19"> 19 PRINCIPLE E Project cash flows shou</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 20" href="http://viewer.zmags.com/publication/f1c5f6ef?page=20"> 20 investment in inventor</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 21" href="http://viewer.zmags.com/publication/f1c5f6ef?page=21"> could have an alternative use within </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 22" href="http://viewer.zmags.com/publication/f1c5f6ef?page=22"> 22 PRINCIPLE F All assumptions used in</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 23" href="http://viewer.zmags.com/publication/f1c5f6ef?page=23"> F6. events depend on previous events. This helps</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 24" href="http://viewer.zmags.com/publication/f1c5f6ef?page=24"> 24 assumptions made durin</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 25" href="http://viewer.zmags.com/publication/f1c5f6ef?page=25"> Appendix A: Definitions • Assessment perio</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 26" href="http://viewer.zmags.com/publication/f1c5f6ef?page=26"> 26 information on the use, flows, and</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 27" href="http://viewer.zmags.com/publication/f1c5f6ef?page=27"> and liquid markets where securities, which </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 28" href="http://viewer.zmags.com/publication/f1c5f6ef?page=28"> 28 Appendix B: Resources This list </a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 29" href="http://viewer.zmags.com/publication/f1c5f6ef?page=29"> and-management-publications/briefing-capital- inv</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 30" href="http://viewer.zmags.com/publication/f1c5f6ef?page=30"> 30 SUSTAINABILITY RELATED REFERENCES</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 31" href="http://viewer.zmags.com/publication/f1c5f6ef?page=31"> 31 com/_uploads/publishedResearch/Uni</a> <a title="Project and Investment Appraisal for Sustainable Value Creation page 32" href="http://viewer.zmags.com/publication/f1c5f6ef?page=32"> International Federation of Accountants 529 Fifth</a>