Investment Appraisal and Financial Decision-Making

Key Information

Programme Type



6-week Online Delivery


5 Master's Credits



Next Start Date

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Course Overview

Many organisations have to make decisions around capital spending. Assessing whether making such investments is sensible and appropriate can be improved by the use of different appraisal techniques. This online microcredential will look at four common investment appraisal techniques and how they can be used to inform decision-making. This includes an awareness of the limitations of these techniques and the role of qualitative methods of analysis in making financial decisions.

Why Choose Lincoln

Flexible, online delivery

Completed over 6 weeks

5 Master's-level credits

Developed by experts at Lincoln International Business School

Examine investment appraisal techniques and how they can be used to inform decision-making

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How You Study

Students will work in a virtual learning environment, engaging with independent study materials such as videos and reading content, and have opportunities to test their understanding.

Upon completion of the programme, students are expected to be able to critically analyse and evaluate the difference between cash and profit/surplus in an organisation, identify and explain the main approaches to investment appraisal, and critically analyse and evaluate different investment appraisal techniques and their role in financial decision-making.

The main topics covered on this course include:

- The nature of capital investment
- Investment decisions using payback and accounting rate of return (ARR)
- Investment decisions using net present value (NPV) and internal rate of return (IRR)
- Interpreting capital investment appraisal methods.
- Qualitative factors in financial decision making

How you are assessed

The types of assessment used will range from written assignments, reports, and reflective journals, which provide an opportunity to demonstrate learning. Specific guidance will be provided by the teaching team. All assessments will be subject to specific referencing and citation requirements, and University regulations relating to assessment, submission, and resits.

Upon successful completion, students will receive a digital badge and certificate of completion, and five Master's credits.

Explore Flexible Learning

From short courses and microcredentials, to professional development modules and fully online Master’s degrees, we offer a range of flexible programmes to suit your individual needs. Our suite of programmes uses a variety of delivery methods, including online-only, face-to-face, blended, and distance-learning approaches.

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Combining Courses

Students who successfully complete three microcredential programmes from the same subject category may use this as Accreditation of Prior Learning against a module on our MBA Leadership programme. For more information, please contact us.

Bespoke Microcredentials for Businesses

If your organisation is interested in bespoke microcredentials for a group of employees, please contact our team at