What every engineer should know about accounting and finance. (©1995)

• Record Type: Book
• Other Titles: Accounting and finance
• Further Information: Note: Jae K. Shim, Norman Henteleff.
• Other Names: Shim, Jae K; Henteleff, Norman
• Contents: Cover -- Half Title -- Title Page -- Copyright Page -- Contents -- Preface -- 1. Introduction -- Accounting -- Important Accounting and Finance Concepts -- Basic Forms of Business Organization -- Topics Covered in This Book -- 2. Understanding the Financial Statements -- The Income Statement and Balance Sheet -- The Statement of Cash Flows -- Notes to Financial Statements -- Conclusion -- 3. Recording Financial Information and Accounting Conventions -- Double-Entry and the Accounting Equation -- Types of Depreciation Methods -- Conclusion -- 4. Analyzing Financial Statements -- What and Why of Financial Statement Analysis -- Horizontal and Vertical Analysis -- Working with Financial Ratios -- Is Ratio Analysis a Panacea? -- Conclusion -- 5. Cost Concepts, Cost Behavior, and Cost Accounting -- Cost Classification -- Income Statements and Balance Sheets-Manufacturer -- Analysis of Cost Behavior and Flexible Budgeting -- The High-Low Method -- Flexible Budgeting -- Accumulation of Costs and Cost Accounting -- Job Order Costing and Process Costing Compared -- Job Order Costing -- Process Costing -- Conclusion -- 6. Budgeting for Profit Planning -- Types of Budgets -- Illustration -- A Short-Cut Approach to Formulating the Budget -- Zero-Base Budgeting -- Conclusion -- 7. Cost-Volume-Profit Analysis and Leverage -- Questions Answered by CVP Analysis -- Contribution Margin Concepts -- Are You Breaking Even? -- Graphical Approach in a Spreadsheet Format -- Determination of Target Income Volume -- Cash Break-Even Point -- Impact of Income Taxes -- Margin of Safety -- Some Applications of CVP Analysis and What-If Analysis -- Sales Mix Analysis -- Cost-Volume-Re venue Analysis and Non-Prof it Organizations -- Assumptions Underlying Break-Even and CVP Analysis -- Leverage -- Conclusion -- 8. Responsibility Accounting and Cost Control Through Standard Costs. Responsibility Accounting and Responsibility Center -- Standard Costs and Variance Analysis -- General Model for Variance Analysis -- Flexible Budgets and Performance Reports -- Conclusion -- 9. Improving Divisional Performance -- Rate of Return on Investment (ROI) -- The Breakdown of ROI-Dupont Formula -- Residual Income (RI) -- Investment Decisions Under ROI and RI -- Transfer Pricing -- Conclusion -- 10. Relevant Costing in Nonroutine Decisions -- Relevant Costs Defined -- Types of Decisions -- Utilization of Scarce Resources -- Conclusion -- 11. Applying the Time Value of Money -- How Do You Calculate Future Values-How Money Grows -- What Is Present Value-How Much Is the Money Worth Now? -- What Are the Applications of Future Values and Present Values? -- Conclusion -- 12. Evaluating Capital Expenditure Projects -- What Are the Types of Investment Projects? -- What Are the Features of Investment Projects? -- How Do You Measure Investment Worth? -- How to Select the Best Mix of Projects with a Limited Budget -- How to Handle Mutually Exclusive Investments -- Lease-Purchase Decision -- How Do Income Taxes Affect Investment Decisions? -- How Does MACRS Affect Investment Decisions? -- What to Know About the Cost of Capital -- Conclusion -- 13. How Taxes Affect Business Decisions -- The Corporate Income Tax -- Tax Strategies and Planning -- Conclusion -- Glossary -- Appendix: Interest Tables -- Index.
• Publisher Details: New York : Marcel Dekker
• Publication Date: 1995
• Copyright Date: 1995
• Extent: 1 online resource
• Subjects: 620.00681; Engineering -- Accounting; Engineering firms -- Finance; Electronic books
• Languages: English
• ISBNs: 9781482228014; 1482228017
• Related ISBNs: 0824792718; 9780824792718
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.