Time value of money; money discounting; effect of inflation; International Accounting Standards (IAS); International Financial Reporting Standards (IFRS) under the IAS; use of feasibility analysis software adopting the IAS standards; future value and present worth; investments, operating costs, financial and economic benefits; annual projection of material quantities, costs, and benefits; annual cash flow; feasibility indicators - Net Present Value (NPV), Internal Rate of Return (IRR), Benefit-Cost Ratio (BCR), Return on Investment (ROI) and Payback Period; financial and economic feasibility analyses with risk/sensitivity analysis; break-even analysis, financial ratios and the financial statements based on International Financial Reporting Standards (IFRS) - Income Statement, Cash Flow Statement, Balance Sheet; preparation of international standard feasibility studies complete with Project Summary, Market, Technical, Financial, Socio-Economic, and Management Feasibilities.