CAPITAL INVESTMENT APPRAISAL A COMPARATIVE STUDY BETWEEN PUBLIC AND PRIVATE COMPANIES (A CASE STUDY PHINOMAR NIG. LTD)

ABSTRACT

Company budgeting involves allocation of source financial resources to long term investment. Thus, because of the involved capital there is need for adequate manager. Through the aid of theories and provided with capital budgeting techniques that aid capital budgeting appraisal. This study investigate, the subject of capital budgeting in relation to public and private companies. The companies use such a management tool companies uses in which the application of such in the private and public sector differ.
Hence the research work focuses on organization selected from the public and private sector and the selection was based on a random selection of companies that broadly represented both companies. Findings of the study revealed that capital budgeting as investment appraisal techniques was employed more by public companies. Also business and finance theories such as return, profit and loss analysis and accounting rate of return are employed in the business studied.
This work has recommended possible way†of improving capital budgeting in the private sector such as improvement and increasing in methods adopted and improvement in management approach to capital budgeting. 

TABLE OF CONTENTS
Title page
Approval page
Acknowledgement
Dedication
Abstract
Table of content

CHAPTER ONE:
INTRODUCTION
1.0 An overview of the study
1.1 Statement of the study
1.2 Objective of the study
1.3 Scope and limitation of the study
1.4 Significant of the study

CHAPTER TWO
LITERATURE REVIEW
2.0 Definition of capital budgeting
2.1 Net present value
2.2 Internal rate of return
2.3 Profitability index
2.4 Payback period
2.5 Accounting rate return
2.6 Investment decision criteria
2.7 NPV version IRR
2.8 Public company
2.9 Private company

CHAPTER THREE
3.0 Research methodology
3.1 Source of data
3.2 Population of study
3.3 Sample size
3.4 Research investment
3.5 Data analysis technique
3.6 Questionnaire administration
3.7 Limitation of the study

CHAPTER FOUR
Analysis interpretation and presentation of data

CHAPTER FIVE
5.0 Summary of findings
5.1 Conclusion
5.2 Recommendation
    Bibliography
    Appendix