In capital budgeting, the effects the acceptance of a project may have on other firm cash flows.
The primary one is a negative externality called cannibalisation, which occurs when a new project takes sales from an existing product.
In capital budgeting, the effects the acceptance of a project may have on other firm cash flows.
The primary one is a negative externality called cannibalisation, which occurs when a new project takes sales from an existing product.
Many years ago, I was exactly where you are today—a CFA Level I candidate juggling a demanding full-time career with the daunting CFA curriculum. Coming from a Computer Engineering background, finance was entirely new territory for me. And yes, it was tough!
I struggled with dense textbooks, late-night cramming, and the frustration of concepts that seemed impossible after a long workday. But after passing Level I (barely), I realized something had to change.
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Here’s to your CFA journey!
Keith Tan, CFA
Founder & Chief Instructor, PrepNuggets
