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.
Units
Lecture2
Catalog Details
Offering
Offered: Every Fall
Terms
fall
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.
- conduct advanced sensitivity analysis and risk assessment on engineering economic decisions, including the evaluation of uncertainty in key financial parameters and their impact on project feasibility.