Subject details

At the completion of this subject students will be able to:

  1. understand the principles of financial accounting and planning
  2. assess the financial conditions of a manufacturing company
  3. analyse different product costs in manufacturing
  4. apply appropriate techniques for measuring the worth of project investments
  5. conduct effective decision analysis in the presence of multiple attributes, uncertainties, or risks.
  • Topics

    • Financial statement analysis
    • Budgeting and analysis of performance
    • Analysing fixed and variable cost
    • Allocation of indirect costs, analysis of product costs
    • Investment appraisal
    • Net present value
    • Internal Rate of Return
    • Depreciation and taxation
    • Multi-attribute analysis
    • Measures of investment worth under risk
    • Utility theory
    • Risk analysis, decision tree analysis
  • Study resources

    • Instructional Methods

      • Disscusion forum/Discussion Board
      • Embedded Multimedia
      • Web links
      • Online assignment submission
      • Online Quizzes/Tests
      • Standard Media
      • Wikis

In order to enrol in this subject, you must be accepted into one of the following degrees:

Core
  • USA-LSM-MAS-2018
  • USA-MEM-MAS-2018

Special requirements

No special requirements

This subject aims to provide you with advanced knowledge and skills in engineering economic analysis and investment appraisals. On completion of this subject, you will have an integrated understanding of the principles of financial accounting and planning, the assessment of financial conditions of a manufacturing company, and the analysis of different product costs in manufacturing. You will be able to systematically and critically apply appropriate techniques for measuring the worth of project investments, and conduct effective decision analysis in the presence of uncertainties, risks, or multiple attributes.

  • Group Assignment (30%)
  • Assessment (20%)
  • Invigilated Exam (50%)

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject.

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