FM5020

This course covers in depth the principles of financial accounting and engineering economic analysis and includes such topics as accounting statements; assets and liabilities; corporate financial reporting; inventory valuation and cost procedures; investments (stocks, bonds, land, building, and equipment); evaluation of equipment, acquisition, and depreciation; cash flow analysis; and budgetary control. Economic analysis techniques are used to evaluate alternatives for potential solutions to engineering problems. Measures such as present worth, annual worth, rate of return, and cost benefit are considered. Economic analysis as a decision-making tool will be examined.