Financial Analysis for the Professional Engineer
In Financial Analysis for the Professional Engineer, you'll learn ...
- The Language of the Finance Professional in Capital Budgeting
- Utilization of Excel and Excel Financial Function Keys
- Calculation of NPV and IRR
- Identify potential abuse of NPV and IRR in decision-making
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 engineer's 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 CFO‚ 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.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- The Language of the Finance Professional in Capital Budgeting
- Utilization of Excel and Excel Financial Function Keys
- Calculation of NPV and IRR
- Identify potential abuse of NPV and IRR in decision-making
- Applications of financial tools to strategic planning
- Handling mutually exclusive projects, budgetary constraints
- Valuation of assets and the applications of these financial tools to valuing, Payback, NPV and IRR Calculations
- Dealing with the CFO of their operations and 'talking their language'
- The misuse of NPV and IRR
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 20 questions. PDH credits are not awarded until the course is completed and quiz is passed.
This course is applicable to professional engineers in: | ||
Alabama (P.E.) | Alaska (P.E.) | Arkansas (P.E.) |
Delaware (P.E.) | Florida (P.E. Other Topics) | Georgia (P.E.) |
Idaho (P.E.) | Indiana (P.E.) | Iowa (P.E.) |
Kansas (P.E.) | Kentucky (P.E.) | Louisiana (P.E.) |
Maine (P.E.) | Michigan (P.E.) | Minnesota (P.E.) |
Mississippi (P.E.) | Missouri (P.E.) | Montana (P.E.) |
Nevada (P.E.) | New Hampshire (P.E.) | New Jersey (P.E.) |
New Mexico (P.E.) | North Carolina (P.E.) | North Dakota (P.E.) |
Ohio (P.E. Self-Paced) | Oklahoma (P.E.) | Oregon (P.E.) |
Pennsylvania (P.E.) | South Carolina (P.E.) | South Dakota (P.E.) |
Tennessee (P.E.) | Texas (P.E.) | Utah (P.E.) |
Vermont (P.E.) | Virginia (P.E.) | West Virginia (P.E.) |
Wisconsin (P.E.) | Wyoming (P.E.) |