Brexit and Project appraisal: Difference between pages

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(Update for further potential delay beyond 31 October 2019. Source: BBC https://www.bbc.co.uk/news/uk-politics-46393399)
 
imported>Doug Williamson
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The term 'Brexit' is a combination of '''BR'''itain and '''EXIT''', meaning the exit of the United Kingdom (UK) from the European Union (EU).
1.


The evaluation and selection of projects which are most likely to maximise shareholders' wealth, by the comparative analysis of their expected cashflows.


A referendum on the issue was held in the UK on 23 June 2016.


The result of the referendum was to advise the UK government to begin the process of the UK leaving the EU.  
2.


Similar evaluation techniques taking account of additional factors and considerations - as well as the expected project cashflows - including for example the existence of real options.


Depending on the context, 'Brexit' may refer to any or all of:


#The decision for the UK to leave the EU.
''Also known as Project analysis.''
#The subsequent exit itself, originally expected to be on 29 March 2019''<sup> Note</sup>''.
#The consequences, and potential consequences, both of the decision and of the exit itself.
#Less commonly, the referendum result or the referendum date of 23 June 2016.




''Note: Possible Brexit Days now include 31 October 2019. Brexit on a different, more likely later than earlier, future date not yet specified is also possible, depending on negotiations and further votes in the UK parliament.''
Note for both definitons above that projects are anything involving expenditures for which the benefits, or some of them, occur at a different time from that of the expenditure or some it.  


As well as capital expenditure, included are, for example, acquisitions and disposals, marketing expenditure, advertising, staff training or buying a new coffee pot for a staff refreshment station.


== See also ==
It is only worthwile devoting time and effort in formal project appraisal for projects involving material expenditure.
* [[Article 50]]
* [[Brexit Britain]]
* [[Brexit Day]]
* [[Brexodus]]
* [[Cliff edge]]
* [[Department for Exiting the European Union]]
* [[Department for International Trade]]
* [[Equivalence]]
* [[European Economic Area]]
* [[European Free Trade Association]]
* [[European Union]]
* [[Frexit]]
* [[Great Repeal Act]]
* [[Grexit]]
* [[Hard Brexit]]
* [[Make UK]]
* [[No Brexit]]
* [[No Deal]]
* [[Parliamentary supremacy]]
* [[Schengen Area]]
* [[Sovereignty]]
* [[United Kingdom]]




=== Other links ===
== See also ==
[https://www.treasurers.org/hub/technical/brexit Brexit - ACT Resources]
* [[Real option]]
 
* [[Real options valuation]]
[[Category:Context_of_treasury]]
* [[Sunk costs]]

Revision as of 11:51, 21 August 2013

1.

The evaluation and selection of projects which are most likely to maximise shareholders' wealth, by the comparative analysis of their expected cashflows.


2.

Similar evaluation techniques taking account of additional factors and considerations - as well as the expected project cashflows - including for example the existence of real options.


Also known as Project analysis.


Note for both definitons above that projects are anything involving expenditures for which the benefits, or some of them, occur at a different time from that of the expenditure or some it.

As well as capital expenditure, included are, for example, acquisitions and disposals, marketing expenditure, advertising, staff training or buying a new coffee pot for a staff refreshment station.

It is only worthwile devoting time and effort in formal project appraisal for projects involving material expenditure.


See also

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