Financial and Managerial Accounting for Engineers

Course content

Basics of financial accounting. Preparation of balance sheet, income statement and flow of funds statement. Inventory valuation and depreciation methods. Basics of accounting. Definition of costs. Absorbtion cost techniques, with an emphasis on allocation of overhead in manufacturing organizations. Budgeting. Variance Analysis. Cost-Volume-Profit Analysis. Pricing decisions, special decisions based on incremental analysis.