What Every Engineer Should Know about Accounting and Finance  book cover
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1st Edition

What Every Engineer Should Know about Accounting and Finance

By

Shim




ISBN 9780824792718
Published October 20, 1994 by CRC Press
256 Pages

 
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Book Description

Presents the fundamental finance and accounting processes, methods, strategies and terminology necessary for engineers and engineering managers to interpret financial data properly - examining topics such as cost and break-even analysis, the time value of money, financial ratios and discounted cash flow techniques. The information is designed to enable engineers and project managers to prepare, appraise, evaluate and approve financial plans to accomplish specific departmental and company objectives.

Table of Contents

Understanding the Financial Statements; Recording Financial Information and Accounting Conventions; Analyzing Financial Statements; Cost Concepts, Cost Behaviour, and Cost Accounting; Budgeting for Profit Planning; Cost-Volume-Profit Analysis and Leverage; Responsibility Accounting and Cost Control Through Standard Costs; Improving Divisional Performance; Relevant Costing in Nonroutine Decisions; Applying the Time Value of Money; Evaluating Capital Expenditure Projects; How Taxes Affect Business Decisions.

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