Finance, Accounting, and Engineering Economics
This online engineering CPD video presentation discusses finance, engineering economics, and corporate reporting requirements.
In this course, you will learn how to perform time value of money calculations using equations or financial factor tables explained in a simple and easy to understand way, illustrated through practical examples. You will learn asset depreciation methods and their influence on net profit and taxes as well as the widely used and accepted capital investment performance metrics, such as financial ratios, payback period, breakeven, and NPV, etc. The course then presents fundamental accounting methods including the income statement and the balance sheet. You will get an appreciation of the role played by inventory systems in the control of net income, net profits and tax liability. Life cycle cost and other cost classifications in industrial and commercial organizations are also covered.
This 7 CPD video presentation is designed for engineers, professional engineers, energy professionals, engineering managers, technical professionals, facilities managers and other professionals who are not intimately familiar or current on finance, accounting, time value of money analysis, and engineering economics principles and practices.
This continuing education video presentation is intended to provide you with the following specific knowledge and skills:
- Understanding finance, engineering economics and accounting concepts through definitions, discussion and example calculations.
- Learning about income statements and balance sheets.
- Discussing financial reporting requirements.
- Familiarizing with financial metrics and ratios.
- Learning about depreciation alternatives.
- Understanding different inventory concepts including FIFO, LIFO, etc.
- Understanding the difference between Lease vs Buy decisions.
- Learning about different types of costs including life cycle cost, period costs, direct costs and indirect costs.
Upon successful completion of the quiz, print your Certificate of Completion instantly. (Note: if you are paying by check or money order, you will be able to print it after we receive your payment.) For your convenience, we will also email it to you. Please note that you can log in to your account at any time to access and print your Certificate of Completion.