capital budgeting

简明释义

编制资本预算

英英释义

例句

1.The company is currently undergoing a process of capital budgeting to determine which projects to invest in this year.

公司目前正在进行资本预算的过程，以确定今年投资哪些项目。

2.A thorough analysis of capital budgeting options can lead to better investment decisions.

对资本预算选项的全面分析可以带来更好的投资决策。

3.During the annual meeting, the CFO presented the capital budgeting plan for the next fiscal year.

在年度会议上，首席财务官展示了下一财政年度的资本预算计划。

4.Our team uses various techniques for capital budgeting, including NPV and IRR calculations.

我们的团队使用各种技术进行资本预算，包括净现值和内部收益率计算。

5.Effective capital budgeting can help businesses allocate resources more efficiently.

有效的资本预算可以帮助企业更有效地分配资源。

作文

Capital budgeting is a crucial financial management process that involves evaluating and selecting long-term investments that are in line with the company's strategic objectives. The term capital budgeting (资本预算) refers to the planning process used by organizations to determine which projects or investments will yield the best returns over time. This process is essential for any business, as it helps allocate resources effectively and ensures that funds are invested in the most profitable ventures.In the world of finance, there are various methods used for capital budgeting (资本预算), including Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period analysis. Each of these methods provides different insights into the potential profitability and risk associated with an investment. For instance, NPV calculates the expected monetary gain or loss from an investment by discounting future cash flows back to their present value. A positive NPV indicates that the investment is likely to be profitable, while a negative NPV suggests otherwise.Another important method is the Internal Rate of Return (IRR), which estimates the rate of return at which the NPV of all cash flows (both positive and negative) from a project equals zero. The IRR is particularly useful for comparing the profitability of different investments. If the IRR exceeds the required rate of return, the project is considered acceptable. Conversely, if it falls short, the investment may not be worth pursuing.The Payback Period analysis, on the other hand, measures how long it takes for an investment to repay its initial cost. While this method is straightforward and easy to understand, it has its limitations. It does not take into account the time value of money or cash flows that occur after the payback period, which can lead to suboptimal investment decisions.One of the key challenges in capital budgeting (资本预算) is accurately forecasting future cash flows. This requires a deep understanding of market trends, economic conditions, and potential risks associated with the investment. Businesses must conduct thorough research and analysis to make informed decisions. Additionally, external factors such as changes in regulations, competition, and technological advancements can significantly impact the success of an investment.Effective capital budgeting (资本预算) also involves considering the overall financial health of the organization. Companies need to assess their current financial position, including available cash reserves, debt levels, and revenue projections. This assessment helps determine how much capital can be allocated to new projects without jeopardizing the company’s financial stability.In conclusion, capital budgeting (资本预算) is a vital aspect of financial management that enables businesses to make informed investment decisions. By utilizing various analytical methods and considering both internal and external factors, organizations can identify the most promising opportunities for growth. As the business environment becomes increasingly complex, mastering the principles of capital budgeting (资本预算) will be essential for companies to thrive and achieve their long-term objectives.

资本预算是一个至关重要的财务管理过程，涉及评估和选择与公司战略目标一致的长期投资。术语资本预算指的是组织用于确定哪些项目或投资将随着时间的推移产生最佳回报的规划过程。这个过程对于任何企业都是必不可少的，因为它有助于有效分配资源，并确保资金投资于最有利可图的事业。在金融领域，有多种方法可以用于资本预算，包括净现值（NPV）、内部收益率（IRR）和回收期分析。这些方法中的每一种都提供了不同的见解，以了解投资的潜在盈利能力和风险。例如，NPV通过将未来现金流折现回其现值来计算投资的预期货币收益或损失。正的NPV表明投资可能会盈利，而负的NPV则暗示相反。另一个重要的方法是内部收益率（IRR），它估算使所有现金流（包括正向和负向）的NPV等于零的投资回报率。IRR对于比较不同投资的盈利能力特别有用。如果IRR超过所需的回报率，则该项目被视为可接受。相反，如果低于这一水平，则投资可能不值得追求。另一方面，回收期分析测量投资收回初始成本所需的时间。虽然这种方法简单易懂，但也有其局限性。它没有考虑货币的时间价值或发生在回收期之后的现金流，这可能导致次优的投资决策。在资本预算中，一个关键的挑战是准确预测未来现金流。这需要对市场趋势、经济状况和投资相关的潜在风险有深入的理解。企业必须进行全面的研究和分析，以做出明智的决策。此外，外部因素如法规变化、竞争和技术进步等都可能显著影响投资的成功。有效的资本预算还涉及考虑组织的整体财务健康状况。公司需要评估其当前的财务状况，包括可用现金储备、债务水平和收入预测。这种评估有助于确定可以分配给新项目的资本数量，而不会危及公司的财务稳定性。总之，资本预算是财务管理的重要方面，使企业能够做出明智的投资决策。通过利用各种分析方法并考虑内部和外部因素，组织可以识别出最有前景的增长机会。随着商业环境变得日益复杂，掌握资本预算的原则对于公司繁荣和实现长期目标将至关重要。