MTU Library Catalogue

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Financial and economic analysis for engineering and technology management / Henry E. Riggs.

By: Riggs, Henry E.
Contributor(s): Riggs, Henry E. Financial and cost analysis for engineering and technology management.
Material type: materialTypeLabelBookPublisher: Hoboken, N.J. : Wiley, c2004Edition: 2nd ed.Description: xiii, 418 p. ; 25 cm.ISBN: 047122717X (Cloth); 9780471227175.Subject(s): Accounting | Project management -- Finance | Finance and Accounting | Accounting | Mechanical engineering & materials | Budgeting & financial management | Technology: general issuesDDC classification: 657 RIG
Contents:
Why keep score? -- Accounting framework : the concept of value -- Financial position : the balance sheet -- Financial performance : the income statement -- Cash flow statement -- Principles, rules, and mechanics of financial accounting -- Further refinements in valuation -- Accounting for long-term assets -- What can financial statements tell us? -- Accounting and financial markets -- Digging deeper -- Financial markets and capital investment decisions -- Analyzing manufacturing costs : introduction to cost accounting -- Analyzing other operating costs and decisions -- Budgeting and forecasting.
Summary: This work presents a rigorous analysis of accounting fundamentals and procedures plus cost analysis all covered in an engineering context. It includes increased coverage of engineering economics topics such as NPV and IRR, plus coverage of financial statements and markets.
Holdings
Item type Current library Call number Copy number Status Barcode
General lending MTU Kerry North Campus Library First Floor Main 657 RIG (Browse shelf(Opens below)) 1 Available 38888000510713
Total holds: 0

Enhanced descriptions from Syndetics:

Expert guidance for fiscally responsible engineering and technology managers. This thoroughly updated Second Edition is an accessible self-study guide and text that helps engineers extract important meaning from financial statements and accounting records, ask insightful questions, engage in thoughtful debate about accounting and financial issues, and make informed decisions that benefit their companies.

Rev. ed. of: Financial and cost analysis for engineering and technology management. c1994.

Includes index.

Why keep score? -- Accounting framework : the concept of value -- Financial position : the balance sheet -- Financial performance : the income statement -- Cash flow statement -- Principles, rules, and mechanics of financial accounting -- Further refinements in valuation -- Accounting for long-term assets -- What can financial statements tell us? -- Accounting and financial markets -- Digging deeper -- Financial markets and capital investment decisions -- Analyzing manufacturing costs : introduction to cost accounting -- Analyzing other operating costs and decisions -- Budgeting and forecasting.

This work presents a rigorous analysis of accounting fundamentals and procedures plus cost analysis all covered in an engineering context. It includes increased coverage of engineering economics topics such as NPV and IRR, plus coverage of financial statements and markets.

Table of contents provided by Syndetics

  • 1 Introduction: Why Keep Score?
  • Users of this Book
  • Scorekeeping
  • Definition of Accounting
  • Limitations of Accounting Information
  • Audiences for Accounting Information
  • Different Messages for Different Audiences
  • Accounting in the World of Business
  • Accounting in Nonprofit and Governmental Organizations
  • Useful Nonaccounting Information
  • Importance of Personal Motivations
  • Summary
  • New Terms
  • Exercises
  • 2 Accounting Framework: The Concept of Value
  • Accounting Equation
  • How Is Owners' Equity Created?
  • Valuation Methods
  • Valuing a Loan or Note
  • Valuing Common Stock Securities
  • Calculating Time-Adjusted Values
  • Valuing Personal and Company Assets
  • Choosing Among Valuation Methods
  • Challenge of Alternative Valuation Methods
  • Dominance of the Cost Value Method
  • Summary
  • New Terms
  • Appendix 2A Interest Tables for Calculating Time-Adjusted Values (Present Worth)
  • Exercises
  • 3 Financial Position: The Balance Sheet
  • Key Accounting Reports
  • Features of the Balance Sheet
  • More Accounting Definitions and Conventions
  • Summary
  • New Terms
  • Exercises
  • 4 Financial Performance: The Income Statement
  • Definition of Revenue, Sales, and Expenses
  • Statement Format
  • Recording Sales Transactions
  • Operating Expenses
  • Accounting Period
  • When Is Income Earned and When Are Expenses Incurred?Accrual Concept
  • Example: Accounting for a Full Period
  • Summary
  • New Terms
  • Exercises
  • 5 Cash Flow Statement
  • Why a Cash Flow Statement?
  • Sources and Uses of Cash
  • Example: Metcalfe Company
  • Interpretation
  • Other Examples
  • Summary
  • New Terms
  • Exercises
  • 6 Principles, Rules, and Mechanics of Financial Accounting
  • A Brief Review
  • Principles
  • Specific Rules
  • Role of the CPA Auditor
  • How Good Are These Principles and Rules?Income Taxes and Accounting Rules
  • Accounting Mechanics
  • Chart of Accounts
  • Three Key Elements of Accounting Systems
  • Accounting Cycle
  • Summary
  • New Terms
  • Exercises
  • 7 Further Refinements in Valuation
  • Prepaids and Accruals
  • Reminder: Principle of Materiality
  • Liabilities Created by Today's Operations
  • Accounting for Accounts Receivable
  • Accounting for Inventory
  • Accounting for Price-Level Changes
  • Accounting for Currency Fluctuations
  • Exceptions to the Accrual Concept and the Realization Principle
  • Summary
  • New Terms
  • Exercises
  • 8 Accounting for Long-Term Assets
  • Valuing Fixed Assets
  • Income Tax Considerations
  • Accounting for Other Long-Term Assets
  • Summary
  • New Terms
  • Exercises
  • 9 What Can Financial Statements Tell Us?Ratio Analysis
  • Categories of Ratios
  • Interpreting Ratios
  • Linkage Among Operating Ratios
  • Summary
  • New Terms
  • Exercises
  • 10 Accounting and Financial Markets
  • Types of Securities
  • Markets
  • Investment Ratios
  • Interpreting Investment Ratios
  • Designing a Capital Structure
  • Upside and Downside of Debt Leverage
  • Introduction to the Cost of Capital
  • Summary
  • New Terms
  • Exercises
  • 11 Digging Deeper
  • Framework for Financial Statement Analysis
  • ''Cooking the Books''
  • Summary
  • New Terms
  • Exercises
  • 12 Financial Markets and Capital Investment Decisions
  • Concept of a ''Hurdle Rate''
  • Weighted-Average Cost of Capital
  • Calculating Returns
  • Decision Criteria
  • Some Everyday Applications of These Techniques
  • Adjusting for Risk
  • Adjusting for Inflation
  • Summary
  • New Terms
  • Exercises
  • 13 Analyzing Manufacturing Costs: Introduction to Cost Accounting
  • What Questions? Why? For Whom?
  • Reminder

Author notes provided by Syndetics

HENRY E. RIGGS is the founding president of Keck Graduate Institute of Applied Life Sciences, a member of The Claremont Colleges and the nation's first graduate school dedicated solely to preparing students for professional careers in life science--based organizations. He is the author of several books, including Managing High-Technology Companies.