What is the difference between a financial evaluation and a financial appraisal?

What is the difference between a financial evaluation and a financial appraisal Introduction: Navigating the Financial Terrain Hello everyone, and welcome to today's video. When it comes to financial decision-making, having a comprehensive understanding of the tools at our disposal is crucial. Two such tools, financial evaluation and financial appraisal, are often employed to assess the viability and potential of various financial endeavors. While they may seem similar, they serve distinct purposes. Let's explore these differences further. Financial Evaluation: A Holistic Perspective Financial evaluation is a comprehensive analysis of a project, investment, or business. It takes into account various factors, such as market conditions, potential risks, and expected returns. The goal of a financial evaluation is to provide a holistic view, considering both quantitative and qualitative aspects. This evaluation often involves techniques like financial modeling, scenario analysis, and sensitivity testing. By conducting a financial evaluation, decision-makers can gauge the feasibility and profitability of a venture. Financial Appraisal: Focusing on Value