Financial Management: Payback Period, Discounted Cash Flow, Accounting Rate of Return, Net Present Value, Internal Rate of Return
VerifiedAI Summary
This document provides an overview of financial management techniques such as payback period, discounted cash flow, accounting rate of return, net present value, and internal rate of return. It explains their advantages, disadvantages, and applications in investment appraisal. The document also discusses the concepts of merger and acquisition and price earnings ratio.