Abstract:
Capital budgeting plays a vital role in investment decision making. These decisions are crucial to the long term financial investment for not-for-profit organization. It involves huge amount of money committed for long periods of time and once the funds have been committed and the project has begun, it is difficult or impossible to reverse. Therefore churches with good capital budgeting decisions may benefit but those with poor capital budgeting decisions may suffer for many years.
The study is to enquire whether or not, Not-for-profit organization especially churches in Ghana practice capital budgeting in their investment decisions.
From the study, none of the respondents, representing 100%, have never used the capital budgeting techniques such as Payback Period, Accounting rate of return (ARR), Discounted cash flow including Net present value(NPV), and Internal rate of return (IRR)], and seems not to have any knowledge on what they mean or used for.
Description:
Religion is part of society. Human beings belong to one religious society or the other. A person could be a Christian, Muslim, Traditionalist, a Buddhist, etc.
Christians and for that matter, churches constitute about 69% of the religious denominations in Ghana. According to the census figures, out of Ghana's 18.8 million people, Muslims constitute 2.9 million, representing a mere 15.6 per cent, while Christians make up 69 percent of the population.
