Mr David Lane

Honorary Lecturer

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David Lane began his career in industry, working for Ford Motor, Esso Petroleum, Imperial Group and Laser Associates. He then joined the Civil Service, working as an Economic Advisor at the Office of Fair Trading and the Department of Trade and Industry. From there David moved into education, lecturing in Accountancy and Finance at Liverpool John Moores University, the University of Wales, Bangor, the University of Portsmouth and the University of Abertay Dundee.

David now teaches part-time at the School of Accounting and Finance, University of Dundee and at CEPMLP, where he is an honorary lecturer.

The main aim of this course is to introduce students into current methods of financial and project appraisal techniques that relate to natural resources and energy organisations. This is a practical course in which evaluation techniques and concepts are taught, such as discounted cash flow, internal rate of return and pay back period, which are applied to realistic scenarios, leading to the preparation of spreadsheets, their analysis and interpretation of results. The student should be able to recommend the appropriate appraisal techniques to a given business investment along with an appreciation of social and other non-financial features. Taxation and sources of finance are also introduced in this module, but any in-depth analyses of them can only be provided in other courses.