ntl Incorporated has appointed Jacques Kerrest as its Chief Financial Officer. As CFO, Jacques is responsible for all of ntl’s financial activities including cash and credit management, capital budgeting, financial planning and analysis, corporate finance, tax, financial reporting, SEC and regulatory filings, accounting systems and controls, internal audit, bank relationships, financing and investor relations.

Discussion points
1 One of the tasks listed for the CFO is ‘capital budgeting’. What are the other ways in which the CFO is expected to show skills developed under the theme of ‘management accounting’?
2 How could you find out more about the capital budgeting methods used by the CFO in this company?