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Financial Management for Engineers
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Brief Description

Financial Management is known to be indispensable to any successful business. Furthermore, the ability to understand Finance is crucial for any manager who wants to advance their career. How do you determine and measure a company’s success? How do you determine the financial health of a company? How can a company create more wealth for all its stakeholders, not only its shareholders? How do different parts of the financial statements interact not only to show the financial health of a company, but also to identify as well as reflect the results of wealth creating opportunities? These are some of the questions addressed in this module.

Learning Outcomes

The general objective of this course is to equip the engineering manager with knowledge and insight into the principles (theory, concepts, processes) and practices (tools, techniques) of Financial Management. The aim is to provide leadership in financial decision-making. This course aims to equip you with the ability to solve problems from a financial perspective. You will not only have a better understanding of the language of finance, financial statements, and critical aspects such as capital budgeting and capital structure, but also be able to converse freely with specialists in the area of finance. This course will equip you with the necessary finance skills and tools to evaluate and implement effective solutions and enhance your career in a professional engineering environment.

Course Content

     

    Introduction to Financial Management 
    • The place of Financial Management in the economy.
    • The place of Financial Management in the company.
    • Time value of money 

    Financial statements
    • The statement of comprehensive income (income statement) 
    • The statement of financial position (balance sheet) 
    • The cash flow statement and statement of changes in shareholder’s equity 

    Other important financial concepts
    • Capital budgeting
    • Capital structure 
    • The management of short term assets and liabilities 
    • The weighted average cost of capital
     
    Entry Requirements

    The Prospective delegates should at least have a three-year qualification and/or work experience

     
    Course Number:
    P007766
    Catalogue and Category:
    Engineering and Technology Management
    Who Should attend:

    This course is applicable for any manager, project manager, engineer or any other decision maker that has to solve a problem in the (complex) real world.
    Delivery Mode:
    Online
    Contact Days:
    0

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