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. 
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
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- Engineering economics and depreciation
- Financial dashboard
- Financial statement analysis
- Tax implications
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What You Will Learn
Upon completion of this course, you will be able to:
- Create a budget and track performance
- Create a financial dashboard reflecting key metrics
- Evaluate the economic viability for capital investments
- Interpret financial statements
Online Course Details
This course consists of 12 edited videos of a live classroom recording hosted and recorded by the USC Distance Education Network. Each video is approximately one to two hours in length. For best results, it is recommended that you view these recordings over a high speed Internet connection. You will also be able to download all of the course materials which includes the PowerPoint presentation and other supplemental information used throughout the course. You will have access to all videos and course materials for a period of 30 days.
How to Access
After registering for the class, within one to five business days you will receive an e-mail which will include your user name and password as well as instructions how to access the materials. If you do not receive the e-mail within five business days please contact customer service at cs@iienet.org.
The following are instructions on how to view documents for this course:
- Click on the link provided to you in the e-mail.
- In the “Login Portal Area” enter your username and password.
- Under the My Courses box, click on “Financial Management for Engineers.”
Menu options are located on the left side of the screen, including “Course Documents” and “Course Lectures.”
Course Content
- Introduction
- Finance
- Sources of Capital
- Budgets
- Investment Analysis
- Return on Investment
- Cash Flow
- Business Organization
- Balance Sheet
- Income Statements
- Ratio Analysis
- Time Value of Money
- Capital Investment Analysis
- Economic Analysis
- Breakeven Analysis