.../approach Discusses Pogue's work on the methods for investment analysis. Findings Pogue's article of discrete versus continuous calculation of investment returns discusses limitations of the traditional assumption that cash flows in investment appraisal occur at the end of each period and points...

...Michael Pogue This paper addresses a theoretical weakness inherent in the typical application of the net present value approach to investment appraisal. This weakness concerns the assumption that the estimated cash flows occur at the end of each period rather than the more realistic assumption...

... of a Likert[4] scale going from 1 “in total disagreement” to 5 “in total agreement”. © MCB UP Limited 2003 Auditing Reports Investment appraisal Influence The present study approaches the problem of whether the auditor’s report is useful or not and, following a line of experimental...