Journal of Accounting and Management Information Systems (JAMIS)


The evaluation of investment projects – financial approach and evaluation methods

9/2004 ,   p99..109

Author(s):  
Anisoara Niculina DASCHIEVICI
Florin Ovidiu HURJUI


Keywords:   financial evaluation, objectives, decision, project, investment

Abstract:  
The financial evaluation of investment projects assumes, in general, two objectives strongly connected with the nature of the decision to be made. It has in view, first of all, the assurance of a comparison among competitive projects for which an order of priority must be defined, regarding in this case the classification decision. But it has also in view the formulation of a pertinent appraisal on the intrinsic value of a project, regarding in this case the decision of acceptance or rejection.  All these appreciation criteria lead to the selection of such investment variant that ensures: the observance of the equilibrium on the overall economy, the maximum capitalization of material human, financial resources in present and in future; a high degree of competitiveness for export products, satisfying the social request of increasing the living standards, of organizing and territorial systematization, of equilibrate territorial development.


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