Features

• Presents specific financial interest factors for time value of money calculations
• Illustrates the transformation of financial problems via case studies and models
• Describes depreciation alternatives
• Compares leasing versus buying and repairing versus replacing
• Discusses the cost and financial justification of energy performance contracts

Summary

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.