Overview
Description
Introduction to management accounting principles, balance sheet and income statement, depreciation, depletion and cash flow. Financial evaluation using present value theory, equipment evaluation and replacement. Risk and sensitivity analysis.
Requirements
Prerequisites
- Senior or graduate standing
- MATH 127 or higher
MATH 127
Original catalog text
Prerequisites
Prequisite(s): Senior or graduate standing and MATH 127 or higher
Units
Lecture2
Catalog Details
Offering
Offered: Every Fall
Terms
fall
Restrictions
Senior or graduate standing
Attributes
Standard
Learning Outcomes
- apply engineering economic principals to after tax analysis of equipment replacement decisions.
- determine cash flow, PV, DCFROR, etc., for case study mining examples.
- communicate the development of the after tax cash flow statement and the effects of depreciation, depletion, mine exploration and development expenditures, etc., on the cash flow statement.
- communicate the importance of engineering economics.