436-471 Financial Management (Manufacturing)

Credit Points

Coordinator

Prerequisites

436-204 Engineering Economics and Statistical Applications

Semester

Contact

Subject Description

Upon completion students should have ability to design a manufacturing plant, its budgets, its management information systems, its facilities and staff activities as well as have learned how to control and develop the enterprise. They will be aware of the statistical basis of decision making and methods used in industry for assisting the decision making process. Students will comprehend how financial management becomes an important part of an engineer's needs after only a few years out from the university, when they become part of the total management of a firm. Thus they should appreciate how to grasp an opportunity for industrial leadership when it arises and apply their engineering skills so important to improving our industries.

Topics covered include; management structure, objectives and financial control of a manufacturing firm. Cost centres, standards and reconciliation of demands on funds. Cash flow, budgets, financial statements and annual reports. Activity and performance measures. Management information systems.

Assessment

One examination not exceeding three-hours; assignments to a maximum of 5000 words or equivalent