NEW YORK – Professional Accountants in Business (PAIB) Committee has released on June 6, 2008 a new guidance entitled “Project Appraisal Using Discounted Cash Flow”. The guidance tackles the use of discounted cash flow analysis and net present value in evaluating investments.
This guidance was released as part of the PAIB Committee's new program to develop International Good Practice Guidance on financial and management accounting topics.
The PAIB Committee has also released the final Preface to IFAC's International Good Practice Guidance.
The Guidance and Preface can be downloaded free-of-charge from the IFAC online bookstore at the following website: http://www.ifac.org/store.
The PAIB Committee serves IFAC member bodies and more than one million professional accountants worldwide who work in commerce, industry, public sector, education and the not for profit sector.
IFAC is the worldwide organization for the accountancy profession dedicated to serve the public interest by strengthening the profession and contributing to the development of strong international economies.
For more information, please visit the following website:
www.ifac.org