Financial decision-making for engineers / Colin K. Drummond

By:

Drummond, Colin K [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: New Haven ; London : Yale University Press, [2018]Description: 1 Online-RessourceISBN:

0300235690
9780300235692

Subject(s):

Additional physical formats: 9780300192186. LOC classification:

TA190

Online resources:

Zugang im Netz des KIT

Summary: "A much-needed practical guide, particularly suited for readers with engineering or science backgrounds, that provides the financial decision-making skills needed in the business world†‹ For engineers with little or no business background this book provides the financial decision-making skills necessary for a management career. Based on materials used by students in a Masters of Engineering and Management program at Case Western Reserve University and informed by both classroom and industry experience, this essential guide can be used in courses or independent study. The chapters introduce and integrate key concepts relevant to basic management, accounting, and finance that will enhance the critical thinking and confidence necessary for success as a chief technology officer or in any business career."--Summary: 2.3.4 Overview of financial statements2.3.5 Accounting to support financial statements; 2.3.6 Brief note on ethics; 2.3.7 Guidelines evolve; 2.4 Financial statement ratios; 2.4.1 Ratios provide performance insight; 2.4.2 Normalization of line items; 2.5 Special considerations for long-term assets; 2.5.1 Some general features of long-term assets; 2.5.2 Depreciation; 2.5.3 Opportunities for fraud and abuse; 2.6 Balance sheet; 2.7 Income statement; 2.8 Statement of cash flows; 2.9 Statement of owners' equity; 2.10 Summary; 2.11 Problems to explore; 3 Time Value of Money; 3.1 Learning objectivesSummary: 3.2 Equivalence is key3.3 A few symbols: The ""fab five; 3.4 Compound interest is the norm; 3.5 Cash flow diagrams; 3.6 Engineering economy computational factors; 3.6.1 Simple worked problems; 3.7 Nominal and effective interest rates; 3.8 Summary; 3.9 Problems to work; 4 Applications of the Time Value of Money; 4.1 Learning objectives; 4.1.1 Supplementary reading; 4.1.2 Questions to consider; 4.1.3 Five chapter concepts; 4.2 Net present value; 4.3 Equivalent uniform annual worth; 4.4 Rate of return; 4.4.1 Minimally acceptable rate of return; 4.4.2 Internal rate of return; 4.5 Payback periodSummary: 5.6.3 Repeatability of useful life5.7 Decision trees; 5.8 ""Lease versus buy"" decisions; 5.8.1 FASB view of a lease; 5.8.2 Off-balance-sheet financing; 5.8.3 Proposed FASB lease classification changes; 5.8.4 Advantages and disadvantages of leasing; 5.8.5 Before-tax ""lease versus buy"" scenario; 5.8.6 After-tax ""lease versus buy"" scenario; 5.9 Summary; 5.10 Problems to work; 6 Intellectual Property as an Asset for Wealth Creation; 6.1 Learning objectives; 6.2 Roadmap for wealth creation; 6.2.1 Books to explore; 6.2.2 Three links to explore; 6.2.3 Politics to exploreSummary: Cover; Half Title; Title; Copyright; Dedicated; Contents; Preface; 1 Decision-Making; 1.1 Three tactical challenges; 1.2 Three perspectives; 1.2.1 Transaction-based perspective; 1.2.2 Engineering management viewpoint; 1.2.3 Emphasis on decision-making; 1.3 Financial frame of reference; 1.4 Focus on financial decision-making; 1.5 The bottom line: Transactions; 1.6 Discussion problems; 2 Financial Statements; 2.1 Learning objectives; 2.2 Jumpstarting our understanding; 2.3 Foundational topics; 2.3.1 The outside view; 2.3.2 What matters most?; 2.3.3 Naming of financial statements and aliasesSummary: "A much-needed practical guide, particularly suited for readers with engineering or science backgrounds, that provides the financial decision-making skills needed in the business world†‹ For engineers with little or no business background this book provides the financial decision-making skills necessary for a management career. Based on materials used by students in a Masters of Engineering and Management program at Case Western Reserve University and informed by both classroom and industry experience, this essential guide can be used in courses or independent study. The chapters introduce and integrate key concepts relevant to basic management, accounting, and finance that will enhance the critical thinking and confidence necessary for success as a chief technology officer or in any business career."--PPN: PPN: 1019076828Package identifier: Produktsigel: ZDB-4-EBA | ZDB-4-NLEBK

Holdings ( 0 )

No physical items for this record