Finance and Accounting for Energy Engineers: & Engineers in All Disciplines

This second edition of the book provides an overview of finance and accounting principles and their application for financial analysis of energy and non-energy capital investments. It is written as a self-study guide for engineers and managers who lack formal training in these subjects, bridging the gap between business school MBA knowledge and its application in energy and non-energy engineering.

Format: Hardback
Length: 284 pages
Publication date: 15 September 2023
Publisher: River Publishers

The purpose of this second edition is to provide a comprehensive overview of essential principles in the fields of finance and accounting, as well as their application in financial analysis of energy and non-energy capital investments. This book is written as a self-study guide for energy and non-energy engineers and managers who may lack formal training in finance, accounting, and engineering economics, or who simply need a refresher in these subjects. This book serves as a bridge between the typical business school MBA knowledge and its practical application in energy and non-energy engineering, project management, or manufacturing management. Many energy and non-energy engineers and technical managers feel inadequately equipped to comprehend and apply certain important finance and accounting principles. A solid understanding of finance and accounting principles is crucial for effective communication and engagement with accountants, financial analysts, and upper management. This book is designed to introduce energy engineers and other engineering professionals to decision-making skills rooted in financial calculations and case study-based quantitative analysis in a relatively simple and easy-to-understand manner.

Energy and non-energy engineers and technical managers often lack the necessary skills to comprehend and apply essential finance and accounting principles. This can create challenges when interacting with accountants, financial analysts, and upper management. To address this gap, this book aims to familiarize energy engineers and other engineering professionals with decision-making skills based on financial calculations and case study-based quantitative analysis.

The second edition of this book provides a comprehensive overview of finance and accounting principles, with a particular focus on their application in energy and non-energy capital investments. It is designed as a self-study guide for engineers and managers who may lack formal training in these subjects or who need to refresh their knowledge.

The book is organized into chapters that cover key topics such as financial statements, cash flow analysis, risk assessment, and investment valuation. Each chapter includes examples and case studies to illustrate the practical application of the principles discussed.

One of the key strengths of this book is its simplicity and accessibility. The authors have aimed to write in a clear and concise manner, using language that is easy to understand and relatable to engineering professionals. This makes it an ideal resource for those who may not have a background in finance or accounting but who need to develop these skills for their work.

In addition to its theoretical content, the book also emphasizes the importance of practical application. It provides guidance in-depth guidance on how to apply finance and accounting principles to real-world situations, such as analyzing investment opportunities, evaluating project returns, and managing financial risks.

Another notable feature of this book is its emphasis on the interdisciplinary nature of finance and accounting. It recognizes that these fields are closely interconnected with other areas such as engineering, project management, and manufacturing management. By integrating these disciplines, engineers and managers can gain a holistic understanding of financial decision-making and improve their ability to make informed decisions.

In conclusion, this second edition of Finance and Accounting for Energy and Non-Energy Engineers and Managers is a valuable resource for anyone seeking to develop their financial analysis skills in the energy and non-energy sectors. It provides a comprehensive overview of essential principles, practical application, and interdisciplinary integration, making it an essential tool for engineers and managers looking to improve their decision-making abilities and advance their careers.

Weight: 720g
Dimension: 234 x 156 (mm)
ISBN-13: 9788770223515
Edition number: 2 ed