CAPITAL BUDGETING APPLICATION IN ENTERPRISE MANAGEMENT

Galina ULIAN Universitatea de Stat din Moldova

Rezumat

The Given article is devoted to the application of process of capital budgeting in enterprise management. In the article the concept of capital budgeting is determined, the classification of capital projects is given, examples of calculation of a payback period, NPV, IRR are brought. At the same time there are described the advantages and disadvantages of the given methods, the problem of multiple search of IRR and an answer to to the question: why the methods NPV and IRR can lead to inconsistent ranging of analyzed capital projects. Keywords: capital, budgeting, investments, investment project, capital investment, cash flow, payback period, net present value, internal rate of return.