What Every Engineer Should Know about Accounting and Finance / Edition 1

by Norman Henteleff, Jae K. Shim

Overview

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.

Product Details

ISBN-13:	9780824792718
Publisher:	Taylor & Francis
Publication date:	10/20/1994
Series:	What Every Engineer Should Know , #32
Edition description:	New Edition
Pages:	262
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Jae K. Shim, Norman Henteleff

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.

Editorial Reviews

Presents the fundamental finance and accounting processes, methods, strategies, and terminology necessary for engineers and managers to interpret financial data. Examines concepts such as cost and break- even analysis, the time value of money, financial ratios, and discounted flow techniques. Provides practical financial statement analysis tools, including horizontal, vertical, and ratio analysis, and explains how to develop and use a budget as a control device. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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