Financial Decision-Making for Engineers /
Colin K. Drummond.
Bok Engelsk 2018
| Omfang | xiii, 386 pages ;
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| Opplysninger | 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 aliases. - 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 objectives. - 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 period. - 4.5.1 Simple estimate4.6 EUAW for payback period; 4.7 Bonds; 4.7.1 Bonds as a debt instrument to raise money; 4.7.2 Primary and secondary bond markets; 4.7.3 Coupon interest rate; 4.7.4 What is a bond worth?; 4.8 Summary comments; 4.9 Problems to work; 5 Comparing Alternatives; 5.1 Learning objectives; 5.2 Framework for comparing alternatives; 5.3 Mutual exclusivity and independence; 5.4 Evaluation of alternatives; 5.5 Before-tax and after-tax issues; 5.6 Comparable basis issues; 5.6.1 Technical comparability; 5.6.2 Period comparability: Repeatability assumption. - 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 explore. - "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."--
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| Emner | |
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| ISBN | 0300192185. - 9780300192186
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