The constructed cost of capital for a company should never be a constant for the whole year." You've got macroeconomic shifts, and people are still doing what they used to do. You've got interest rates that are lower than the rates you have faced for close to a century. You've got distrust of central banks, government and experts. Addressing the survey results about frequency of updates, Damodaran observed, "There is a lot of consistency from 2013 to now, in terms of the calculation methodology and how it was applied, but consistency is not always a good thing because the world has shifted. According to Professor Aswath Damodaran from New York University's Stern School of Business, finance departments have some catching up to do. One area that did not change was the cost of capital calculation.
"The pace of change in the market is so fast-for companies and for products-that FP&A practitioners have changed their evaluation methods to adapt and be more responsive," said Jim Kaitz, president and CEO of AFP. Only 49% reported that they use terminal value (TV) as part of their evaluation, a decrease from 82% in 2013, and 51% of all projects evaluated are 12 months or less in duration.
The survey focuses on the process of project decision-making and how FP&A departments are savvy business partners that deploy corporate capital effectively.Ĭomparing data from 2019 with that of 2013, the survey revealed that 41% of respondents analyzed less than three years of project investment cash flows, an increase from 11% in 2013. 21, 2020 /PRNewswire/ - Increasing volatility in product lifecycles is causing finance to shorten the time period analyzed for cash flows and demonstrate a preference for non-valuation metrics, according to the 2019 Association for Financial Professionals (AFP) Project Investment Decisions Survey. Pre-Conference Workshop – FORECASTING IN UNCERTAIN TIMES – is complimentary when you register for AFP 2020 by 9/25.BETHESDA, Md., Jan. –Ĭlick through each day to view the overall agenda of AFP 2020, including Education Sessions and descriptions. Team pricing is also available for all job titles. This site is best experienced on your desktop or laptop computer. Schedule as of September 15, subject to change. This year is no exception with keynotes that include Shaquille O’Neal, Daniel Pink and Amy Webb to name a few. You can chat one-to-one or connect in a virtual meeting room with peers and exhibitors.ĪFP 2020 continues to bring you keynotes to inspire, inform and reimagine both your work and your career. Meet with the right people to accomplish your goals through topical Virtual Roundtables and an AI enabled connection hub. Team pricing is also available for all job titles.– click here for details.
#AFPONLINE COST OF CAPITAL REGISTRATION#
Registration for AFP 2020 includes all two weeks of sessions plus access to select recordings through February 28, 2021. You can view session descriptions by track here. While we are busy finalizing the details for each time slot, the schedule on the next eight pages contains the overall agenda of AFP 2020. We’ve divided AFP 2020 into of learning and virtual networking. You’ll find more opportunities for interactivity in each session, with the ability to ask questions, even if the session is pre-recorded. Every concurrent session block will contain a variety of sessions across six tracks. Each exhibitor has a profile where you can check out information, watch videos or schedule a virtual meeting.Įach week features content in both live and pre-recorded formats. Get research and deals done in just a few days. And use the strategic breaks in the content to check-in with the office. Schedule time with service providers that have your next solution. Week one kicks off with a Keynote from Shaquille O’Neal and week two - Daniel Pink.Ĭheck out the schedule for an impressive lineup of concurrent sessions and roundtables – all with new and easy ways to interact. We scheduled AFP 2020 across two weeks to make it work for you. The AFP conference continues to be the most important event in treasury and finance.
With the incredible content, speakers, solution providers and networking brought to you in a brand new presentation, with access to most content through February 28, 2021.
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