Earn 8 PDH | .8 CEU (Total course 8 hours)
ABOUT THE COURSE
11:00 AM – 3:00 PM, ET. two days
Learn about finance, accounting, corporate reporting requirements and engineering economics. Learn about fundamental book keeping or accounting methods: The Income Statement and the Balance Sheet. Learn about the widely used and accepted capital investment performance metrics, such as financial ratios, payback period, and NPV. Understand asset depreciation methods and their influence on net profit and taxes. Get a better appreciation of the role played by inventory systems in the control of net income, net profits and tax liability. Learn about life cycle cost and other cost classifications in industrial and commercial organizations. This course can be viewed as a 1-day crash MBA course for technical and non-technical professionals.
Course Outline
- 1. Accounting and Finance Concepts: Definitions, Discussion and Examples of Calculations.
a)Economics and engineering economics
b) Common Organizational Structures - Role of Financial Analysts, Accountants, Controllers and CFO’s
- 2. Income Statements and Balance Sheets. Cash Flow and Working Capital Concepts
- 3. Financial Reporting Requirements
- 4. Financial Metrics and Ratios: Payback Period, FV, PV, Time Value of Money Conversions. IRR, ROI, NPV, ROE, ROR, Current Ratio, Acid Test Ratio, Plant Turnover Ratio
- 5. Depreciation Alternatives: S/L, Prod. Based, SOY Digits.
- 6. Inventory Concepts: FIFO, LIFO, EOQ, Inv. Turnover Ratio, WIP Inv., Inv. Carrying Costs.
- 7. Lease vs. Buy Decisions. Repair vs. Replace Decisions
- 8. Costs: Life Cycle Cost. Period Costs, Direct and Indirect Costs.
Take Away: After participating in the seminar, you will:
- Understand accounting and finance concepts through explanation of definitions and examples of calculations.
- Understand basic economics principles and engineering economics related analyses
- Know more about common organizational structures and understand the role of Financial Analysts, Accountants, Controllers and CFO’s
- Understand income statements, balance sheets, concepts of cash flow and working capital better
- Have a better appreciation of different types of financial reports and financial reporting requirements
- Have better understanding of financial metrics and financial ratios, including: Payback Period, FV, PV, Time Value of Money Conversions. IRR, ROI, NPV, ROE, ROR, Current Ratio, Acid Test Ratio, Plant Turnover Ratio
- Know more about depreciation alternatives such as: S/L, Prod. Based, SOY Digits.
- Understand inventory concepts such as: FIFO, LIFO, EOQ, Inv. Turnover Ratio, WIP Inv., and Inv. Carrying Costs.
- Have better understanding about Lease vs. Buy Decisions, and Repair vs. Replace Decisions
- Know more about different types of costs, including: Life Cycle Cost, Period Costs, Direct and Indirect Costs
Who Should Attend?
- Engineers
- Manufacturing Managers
- Facility Managers
- Project and Program Managers
- Maintenance Managers
- Energy Engineers and other Energy Professionals
- Engineering Managers
- Construction Managers
- Architects
ABOUT THE INSTRUCTOR
Bobby Rauf, P.E, C.E.M, MBA
Bobby Rauf is the President, Chief Consultant and a Senior Instructor at Sem-Train, LLC. He is a licensed Professional Engineer, in the State of North Carolina and is a Certified Energy Manager.
Mr. Rauf was inducted as “Legend in Energy” by AEE, in 2014. He is a published author of multiple engineering and energy books and professional development courses and holds a patent in process controls technology. He’s a member of ASEE, American Society of Engineering Education.
Mr. Rauf develops and instructs professional development or continuing education, energy and engineering skill building, and engineering cross-training courses. Some of his major clients include accredited universities in the US and abroad, major US and international corporations, and governmental institutions. He is also an Adjunct Professor at Gardner-Webb University.
During his long career with PPG Industries, Inc. as Senior Staff Engineer, his responsibilities included development and management of energy and ergonomics programs for multiple manufacturing plants, in the US and overseas. He also provided consultation and training services in the energy, electrical engineering, industrial safety, ergonomics and arc flash arena.