This webinar is designed to help engineers and chemists develop a better understanding of basic accounting and finance concepts. It covers how various types of costs are calculated and accounted for in the key financial statements that corporations are required to publish every quarter. The key financial metrics tracked by investors are defined and the impact of technical (engineering) decisions on these metrics are demonstrated.
Factors critical to maximizing shareholder value are introduced and it is shown how engineers and scientists can help in achieving corporate goals and in turn advance in their careers. The talk should be of interest to scientists and engineers at all levels from those starting their careers to those in middle management. It will be of interest to those contemplating getting a business degree as these topics are usually covered in the first required finance and accounting course in the degree program.
Webinar content is available with the kind permission of the author(s) solely for the purpose of furthering AIChE’s mission to educate, inform and improve the practice of professional chemical engineering. The content reflects the views, opinions, and recommendations of the presenters. AIChE does not warrant or represent, expressly or by implication, the correctness or accuracy of the content of the information presented. All other uses are forbidden without the express consent of the author(s). For permission to re-use, please contact chemepermissions@aiche.org. Attendee contact information, including email addresses, will be shared with AIChE, with the option to unsubscribe from future communications.
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