Finance and Accounting for Energy Engineers

Finance and Accounting for Energy Engineers

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Understanding finance and accounting principles is important in interfacing and conducting business with accountants, financial analysts, and members of upper management. In a relatively simple and easy-to-understand manner, this book familiarizes professionals with decision making skills founded on financial calculations and quantitative analysis. It covers finance and accounting ratios and other metrics; income statements, balance sheets, cash flow, and working capital concepts; inventory concepts; life cycle, period, direct, and indirect costs; and energy performance contracting. Each chapter concludes with a list of questions or problems for self-assessment and knowledge affirmation purposes. Answers to the questions are at the back of the book.An income statement is based on the following basic accounting formula: Pre-tax Income = Net Salesa€”Cost of Goods Sold Net Income = Pre-tax Incomea€”Income Tax BALANCE SHEET Balance sheet is also referred to as the statement ofanbsp;...

Title:Finance and Accounting for Energy Engineers
Author:S. Bobby Rauf
Publisher:The Fairmont Press, Inc. - 2011


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