Accounting and Finance for Engineers Part One Unit 9: Final Assessment
This assessment will examine your knowledge on all aspects covered in the Accounting and Finance for Engineers Part One: Management Accounting Course.
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Professor Tony Ward
Tony is Professor of Engineering Management in the Department of Electronics at the University of York where he has worked for 25 years. Prior to that he spent 18 years in Industry as an electronic design engineer, technical manager and programme manager for a number of different companies. Within York he has held the position of Provost of Alcuin College and Director of the Centre for Excellence in Teaching and Learning in Enterprise. Externally he has been President of the European Association for Education in Electrical and Information Engineering and managed or participated in over 20 research projects. He has published 17 journal papers, over 100 conference papers, given over 20 invited lectures or keynotes and written or contributed to 8 books or formally published reports. His research is in area of Engineering Education and Entrepreneurship. He is the founder and Chairman of Skillsforge Ltd. A competence management and course booking spinout business from the University of York.
• The structure and process of creating a cash flow statement or forecast and be able to construct a personal cash flow forecast and one for a potential new business;
• The working capital cycle and how it creates profit and be able to apply your understanding to the cycle in the company you work for;
• The nature of fixed and variable costs and be able to understand the implications of how costs are allocated in businesses;
• Mathematical relationship between costs, volume and profit for business decision making;
• Planning and budgeting process within companies;
• Being able to financially assess an investment opportunity using some of the commonly used tools and techniques.
• Engineers who aspire to management positions
• Non-financial employees who want to learn the basics of accounting and finance
• Individuals wishing to start their own business