TRAINING.

Overview

After participating in this course, you will be able to:

• Apply accounting, finance, and basic economic principles to real-world scenarios.
• Analyze financial statements, including income statements, balance sheets, and cash flow.
• Evaluate financial metrics and ratios for informed decision-making, including ROI, NPV, and Time Value of Money.
• Assess asset depreciation methods and inventory management concepts for financial optimization.
• Make strategic decisions regarding Lease vs. Buy, Repair vs. Replace, and cost management.

Description
In today's fast-paced business environment, understanding the interplay between finance, accounting, and engineering economics is essential for professionals responsible for managing energy and non-energy projects. This course offers an in-depth exploration of financial concepts tailored to engineers, energy professionals, and facility managers, ensuring you can make informed decisions that drive success.

You'll dive into the fundamentals of bookkeeping, focusing on key financial documents like the Income Statement and Balance Sheet. Additionally, the course will equip you with the knowledge to utilize widely accepted capital investment performance metrics, such as payback period and net present value (NPV), which are critical for evaluating the financial viability of projects. Gain insight into asset depreciation methods and their impact on net profit and taxes, and discover how inventory systems influence economic outcomes.

This highly interactive course encourages participants to share their experiences, challenges, and successes, fostering a collaborative learning environment. By the end of the course, you'll have the tools and confidence to navigate complex financial landscapes and contribute to your organization's economic health.

Who Should Attend
This course is ideal for professionals in the energy sector, including engineers, energy managers, and technicians, who are tasked with overseeing energy projects and operations.

Additionally, maintenance engineers, facilities managers, and project managers who may have a weak background in financial management will benefit from the comprehensive coverage of accounting and finance principles. This course is also recommended for executives and leaders who must engage in meaningful financial discussions and make informed decisions impacting their organizations.

Please note: You can check other time zones here.

Syllabus

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.

Instructor

Professor Bobby Rauf has developed and instructed engineering courses, seminars and workshops for over 14 years in the US and abroad.

He holds a patent on an electrical control system. Mr. Rauf has authored three books:

• Finance and Accounting for Energy Engineers
• Thermodynamics Made Simple for Energy Engineers
• Electrical Engineering for Non-Electrical Engineers

Mr. Rauf served as a Senior Staff Engineer, Energy and Ergonomics Program Manager, at PPG Industries, Inc, for over 30 years. He has served as Adjunct Professor at Gardner-Webb University since 1989. He has taught Professional Development Seminars/workshops at UNCC, McNeese University, Texas A&M University, Lamar University, AEE, Association of Energy Engineers, Balfour Beatty, Saudi Aramco and PDHengineers.

Prof. Rauf is a Licensed (PE) Professional Engineer and a Certified Energy Manager. He was inducted as a “Legend in Energy” by AEE in 2014.