Capital budgeting has three phases: (a) Identification of potential investments, (b) Selection of investments, and (c) Post-audit

Question:

(a) Identification of potential investments,

(b) Selection of investments, and

What is the accountant’s role in each phase?

Capital Budgeting
Capital budgeting is a practice or method of analyzing investment decisions in capital expenditure, which is incurred at a point of time but benefits are yielded in future usually after one year or more, and incurred to obtain or improve the...