What Every Engineer Should Know about Accounting and Finance [Hardcover]

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.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.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.USCopyright ? 1995 by MARCEL DEKKER, INC. All Rights Reserved.