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#cfa-level-1 #corporate-finance #reading-35-capital-budgeting #study-session-10
The specific capital budgeting procedures that a manager uses depend on the manager’s level in the organization, the size and complexity of the project being evaluated, and the size of the organization.
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2. THE CAPITAL BUDGETING PROCESS
The specific capital budgeting procedures that a manager uses depend on the manager’s level in the organization, the size and complexity of the project being evaluated, and the size of the organization. The typical steps in the capital budgeting process are as follows: Step One: Generating Ideas—Investment ideas can come from anywhere, from the top or the bottom of


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