Discussion: Capital Budgeting (250 word count minimum each question)
Topic 1: Approval Process
Imagine you are the CFO of a Fortune© 500 company.
Describe to your classmates the process your company would use in approving the capital expenditure budget. Remember that companies try to minimize expenditures.
What evidence would you submit to top management to support your request for requested expenditures the company needs?
Topic 2: Challenges
What would you consider the most challenging or difficult aspect of the capital expenditure process and why (for example, when the company embarks on changing its current accounting information systems to an ERP system)?