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Financial
Analysis for the Professional Engineer
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Attention New York Engineers:
This course cannot be taken to fulfill your
continuing education requirements in the state of New York since the course does
not fall under the category of "Areas of Practice" or "Law/Ethics".
For more information, check the
New
York State Board Requirements.
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David
Nowacki
Overview
The course advances the professionalism of engineers and engineering-managers/owners through the language of finance and accounting. Financial mathematical tools are introduced or re-introduced into the engineers project planning and budgeting analysis so that the PE can interact with other professions including senior and executive management and stakeholders of the operations.
Participants will learn how to use financial analytical tools for the decision-making process specifically applied to: project evaluation and project management, costing, contract negotiations, employee evaluation, revenue, profit and cash production, valuation of assets including buying and selling professional engineering practices. In addition, participants will also learn how others, namely CFOs, utilize financial tools in their analytical evaluations, including times when such tools are abused.
Target participants are those PE managers needing a better background in the financial budgeting process, in strategic and capital budgeting and in executive managerial interactions.
There is a focus on financial mathematics and the use of Excel and its financial function keys. To receive continuing education credits, the student must successfully pass a 20-question multiple-choice quiz where the use of financial functions must be successfully demonstrated.
Specific Knowledge or Skill Attained
This course teaches the following specific knowledge and
skills:
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The Language of the Finance Professional in Capital Budgeting
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Utilization of Excel and Excel Financial Function Keys
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Calculation of NPV and IRR
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Identify potential abuse of NPV and IRR in decision-making
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Applications of financial tools to strategic planning
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Handling mutually exclusive projects, budgetary constraints
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Valuation of assets and the applications of these financial tools to valuing.
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Payback, NPV and IRR Calculations
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Dealing with the CFO of their operations and 'talking their
language'
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The misuse of NPV and IRR
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Valuation techniques applied to capital budgeting
Course
Click on the link below to review the course
prior to taking a quiz for credit.
Financial
Analysis for the Professional Engineer (145 KB)
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To obtain PDH credits for this course, you will need to take a quiz for
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