THE ROLE OF ACCOUNTANT IN PROJECT FEASIBILITY AND VIABILITY APPRAISAL
ABSRACT
The entrepreneur must have a range outlook on the intended business investments, business investments, examine the alternative uses of capital and account for financial requirement and carry sensitivity and risk analysis. This study promises an analysis and illustration of the principles of feasibility and viability appraisals and highlights the essence of the subject matter. It also brings into focus the accountant’s essential contributions, which have hitherto tended to be cost in wide diffusion. In view of the objective of the study, the literature review examines the views of various writers on the subject matter. Its emphasis is on meaning, importance and components of feasibility and viability studies historical perspective and the role of the accountant thereof. Research design and methodology details the method used in carrying out the research for the project. It specifies the sources of data, target population, sampling method and also describes the research instruments and method of administration and analysis of data. Data presentation analysis presents a feasibility case study of house hold cassava – starch milling plant. It details the findings of the researcher regarding the project and examiones. Specifically, the marketing, technical economic and social factors involved. Financial analysis and evaluation provide an illustration of the role of the accountant in a practical project appraisal situation. It details the application of the data presented above in making relevant financial projections for 5 years. Also, a matching of the projected cost against the projected revenue is done. In conclusion, this study centered on the role of an accountant in a project evaluation which has been demonstrated in this study by the viability appraisal of operating a starch milling plant.