This course will introduce you to basic financial management tools for engineers. You will learn how project budgeting, forecasting, progress monitoring, cash flow analysis and other financial basics can maximize cash flow and improve bottom line results within your organization.
This is a required course in the Engineering Management Certificate Program and an elective course in the Industrial Engineering Professional Skills Certificate Program. Learn more about IIE certificate programs and how you can save by paying in advance for all of the courses included in a program. 
Class Schedule:
| Course ID | Course Dates | Location | Register |
| 1708 | May 29 - 31, 2013 | Norcross, GA | Register |
| 1812 | Jul 15 - 17, 2014 | Norcross, GA | Register |
Overview:
In today’s workplace, it is nearly impossible for an engineer to perform without considering the financial impact of every action on the organization’s bottom line. Traditional industrial engineering decision-making tools are not always sufficient to help cut through to the bottom line. Make your profit center shine with sound financial management to supplement good engineering and other technology. This course introduces basic financial management to engineers and technical personnel who need this knowledge to manage a profit center effectively. Learn practical solutions as well as all the jargon of the trade. A must for newly minted managers from the engineer ranks. The course also covers the analysis necessary for such long-term financial decisions as issuance of stock or bonds; contracting of leases or loans and financing of a new enterprise; mergers, capital budgeting, the cost of capital and the valuation of a business.
Topic Highlights:
- Accounting basics
- Budgets
- Capital budgeting
- Cash flow analysis
| - Engineering economics and depreciation
- Financial dashboard
- Financial statement analysis
- Tax implications
|
What You Will Learn:
- Create a budget and track performance
- Create a financial dashboard reflecting key metrics
- Evaluate the economic viability for capital investments
- Interpret financial statements