Capital Budgeting and Role of CMAs

Abstract

'Capital Budgeting', also known as Investment appraisal, is the scientific process of identifying, analyzing, selecting and implementing investment projects with returns expected over a long term. It is immaterial whether the long term investment is for organic growth or inorganic growth. In view of their professional expertise and competence, CMAs have been very successful in many organizations when it comes to evaluating the 'capital budgeting' at its every stage of implementation.