Accounting for Engineers and Scientists

Since the world's economies are increasingly driven by technological change and innovation, engineers are especially well qualified to make important contemporary business decisions that may have an effect on an organization's employees and shareholders, as well as on members of the global community. But in order for engineers to become key contributors to the management decision making process, they must first understand the language of business - accounting. This book provides engineering students with a solid foundation in basic financial and managerial accounting principles and systems. Students will gain a practical understanding of budgets and cost, performance reports, and financial statements of for-profit business entities, and will be introduced to tax, governmental, and not-for-profit accounting. Geared specifically towards the engineer's perspective, this book offers: Equations to help teach accounting concepts Spreadsheet-based accounting problems Real-world accounting examples based on technology-driven organizations and markets Offering useful skills and a solid foundation in accounting, this book is ideal for undergraduate and graduate engineering students with an interest in business.