Capital Budgeting Techniques form the foundation of sound investment and financial decision-making in organisations of all sizes. This course is designed to help learners understand how businesses evaluate long-term investment projects and allocate capital efficiently. It provides a clear, structured approach to assessing project viability using widely accepted financial tools and decision rules.

You will start by developing a strong understanding of the time value of money, including compounding, discounting, and present value concepts that underpin all capital budgeting decisions. From there, the course explores Net Present Value (NPV) in depth, explaining why it is considered the most reliable investment appraisal method, while also addressing its practical limitations and sensitivity analysis.

The course then examines alternative decision-making tools such as the payback period, Internal Rate of Return (IRR), and Modified Internal Rate of Return (MIRR). You will learn not only how these methods are calculated, but also when and why they can lead to conflicting or misleading conclusions. Special attention is given to real-world challenges, including mutually exclusive projects, projects with different lifespans, and capital rationing under budget constraints.

By combining theory with practical interpretation, this course equips you with the skills to compare projects logically, assess risk, and justify investment decisions with confidence. The focus is on building analytical thinking rather than memorising formulas, enabling you to apply these techniques in professional, academic, or business contexts.

On successful completion, learners will receive a free course completion certificate. Those who require formal recognition can also purchase premium certificates and academic transcripts. In addition, all students benefit from 5-star rated support available 24/7 via email, ensuring help and guidance whenever needed.