Expert guidance for fiscally responsible engineering and technology managers Written for practicing project engineers, students, and technical managers with no previous background in accounting or finance, Financial and Economic Analysis for Engineering and Technology Management, Second Edition provides a thorough grounding in accounting and introductory finance to help make better financial decisions in the workplace. This thoroughly updated Second Edition is an accessible self- study guide and text that helps engineers extract important meaning from financial statements and accounting records, ask insightful questions, engage in thoughtful debate about accounting and financial issues, and make informed decisions that benefit their companies. Offering a rigorous background in accounting including balance sheets, income statements, and cash flow statements this valuable guide builds on this foundation to address financial markets and corporate finance, including capital investment analysis, and managerial and cost accounting. Financial and Economic Analysis for Engineering and Technology Management, Second Edition features: New material on NPV, IRR, and the link between financial ac INDICE 1. Introduction: Why Keep Score? 2. The Accounting Framework: The Concept of Value 3. Financial Position: The Balance Sheet 4. Financial Performance: The Income Statement 5. Cash Flow Statement 6. The Principles, Rules and Mechanics of Financial Accounting 7. Further Refinements in Valuation 8. Accounting for Long-Term Assets 9. What Can Financial Statements Tell Us? 10. Accounting And Financial Markets 11. Digging Deeper 12. The Financial Markets and Capital Investment Decisions 13. Analyzing Manufacturing Costs: Introduction to Cost Accounting 14. Analyzing Other Operating Costs and Decisions 15. Budgeting and Forecasting Index.