Accounting and Finance for Engineers

CEE244

Stanford School of Engineering


Accounting and Finance for Engineers

Description

Accounting is the common language of business, and as such, a knowledge of accounting practices is essential for aspiring leaders in engineering, management, and entrepreneurship. This course introduces you to the basic concepts of financial accounting and cost accounting. You will learn the principles of financial accounting as well as accounting tools, practices, and systems.

Recommended for CEE MS Programs: Sustainable Design & Construction (SDC) (required for SDC-Management)

What you will learn

  • How to interpret financial data properly
  • How to prepare, appraise, evaluate and approve financial plans
  • How to understand the economic viability of engineering decisions

Prerequisites

None

Topics include

  • Balance sheets, Income statements, and statements of cash flows
  • Assets, liabilities, and shareholders’ equity
  • Accounting for startups and not-for-profits
  • Managerial accounting tools and practices
  • Product, service, job, and process costing
  • Activity-based costing
  • Cost management systems

Notes

This course is only offered annually during Summer Quarter