Course Catalogue.

Upon successful completion of this course, participants will:

• Understand accounting and finance concepts; their definitions are illustrated through numerical analyses.
• 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 CFOs.
• Understand income statements, balance sheets, and concepts of cash flow and working capital.
• Have a better appreciation of different types of financial reports and financial reporting requirements.
• Have a 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, and Plant Turnover Ratio.
• Know more about depreciation alternatives such as: S/L, MACRS, and SOY Digits.
• Understand inventory concepts such as: FIFO, LIFO, EOQ, Inv. Turnover Ratio, WIP Inv., and Inv. Carrying Costs.
• Have a better understanding of Lease vs. Buy Decisions, and Repair vs. Replace Decisions.
• Know more about different types of costs, including: Life Cycle Costs, Period Costs, Direct and Indirect Costs.

Course description
This course caters to Energy Professionals, Engineers, Professional Engineers, Technicians, Facilities Managers, and other professionals who are directly or indirectly responsible for the operation and commissioning of energy and non-energy business establishments, and the implementation of energy and non-energy projects.

In this seminar, participants learn about finance, accounting, corporate reporting requirements and engineering economics. Participants will learn about fundamental book-keeping or accounting methods: The Income Statement and the Balance Sheet. Widely used and accepted capital investment performance metrics, such as financial ratios, payback period, and NPV are covered. Participants gain an understanding of common asset depreciation methods and their influence on net profit and taxes. The role played by inventory systems in the control of net income, net profit and tax liability is explained.

Life cycle cost and other cost classifications in energy and non-energy business entities are discussed. This program is designed to be interactive where the audience is encouraged to participate and share their experiences, challenges, failures and successes; this enriches the overall learning experience.

Topics

• Accounting and Finance Concepts: Definitions, Discussion and Examples of Calculations.
• Economics and engineering economics
• Common Organizational Structures - Role of Financial Analysts, Accountants, Controllers and CFOs
• Income Statements and Balance Sheets. Cash Flow and Working Capital Concepts
• Financial Reporting Requirements
• 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
• Depreciation Alternatives: S/L, Prod. Based, SOY Digits.
• Inventory Concepts: FIFO, LIFO, EOQ, Inv. Turnover Ratio, WIP Inv., Inv. Carrying Costs.
• Lease vs. Buy Decisions. Repair vs. Replace Decisions
• Costs: Life Cycle Cost. Period Costs, Direct and Indirect Costs.

List of Interactive Elements (Classwork):

• SEC Reporting Case Study: What type of SEC Report Requirement does this notice pertain to?
• SEC Reporting Case Study: What type of financial securities are involved in this offering?
• SEC Reporting Case Study: What is the “aggregate” face value of the 5.75% senior notes and what is their maturation date?
• SEC Reporting Case Study: What is the intent and purpose of the last paragraph, under Disclosure Notice?
• Present Value Classwork Problem number 1.

Who should attend:

• Energy Engineers and Energy Managers
• Licensed Professional Engineers, who need to meet the annual or biennial license renewal PDH (Professional Development Hour) or CEU (Continuing Education Units) requirements.
• Maintenance Engineers and Maintenance Managers Engineers and Architects who do not possess current working knowledge of electrical engineering.
• Facility Managers, Engineering Managers, Program/Project Managers and other executives or leaders who feel a lack of adequate electrical knowledge to hold meaningful discussions and make informed decisions by interacting with their electrical subordinates or colleagues