This course describes the economic viability of an engineering project through the application of net present value, internal rate of return, and payback period analysis. The impacts of depreciation, taxes, inflation, and foreign exchange are addressed. The capital budgeting process is discussed, showing how companies make decisions to optimize their investment portfolio. Risk is mitigated through the application of quantitative techniques such as scenario analysis, sensitivity analysis, and real options analysis.
No prior background knowledge or experience is required; however, it is recommended courses be completed in order.
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关于 Finance for Technical Managers 专项课程
In Finance for Technical Managers, you will explore the fundamental principles of financial management. Topics include understanding and interpreting a company’s financial statements, the time value of money and its role in evaluating the economic viability of different projects, and the annual capital budgeting process every company performs when selecting which projects to fund. In addition, you will cover some highly practical topics, such as how to determine product costs, establishing a department’s annual budget, and ways of forecasting future sales. As a side benefit, the quantitative skills you will learn for business are identical to the skills necessary to manage your own personal finances. Therefore, you will extend your analyses to cover investing of mutual funds composed of stocks and bonds, and you will explore the fascinating area of asset allocation.