Bridge the gap between engineering and business by mastering the financial tools needed to justify projects, interpret data, and secure capital funding.
Engineers cannot see their designs come to fruition, take shape, and be implemented without the acquisition of necessary funds. Since most engineering curricula do not include significant financial analysis and engineering economics skill dissemination, this course fills that gap. In this course, you learn about finance, engineering economics, and corporate reporting requirements. Engineers need to be able to objectively and quantitatively show the advantages and disadvantages of various engineering design options to their clients and employers. After all, that is the second Code of Engineering Ethics requirement for all Licensed Professional Engineers.
One way to view the value of this course is to see it as a “Crash MBA” course for engineers, professionals, and managers. This course is themed after a book published by the instructor, Prof. Rauf, titled Finance and Accounting for Energy Engineers. In this course, you learn to perform time value of money calculations using equations or financial factor tables explained in a simple and easy-to-understand way, illustrated through practical examples, just the way Prof. Rauf does in his book.
You will learn asset depreciation methods and their influence on net profit and taxes. Learn about the widely used and accepted capital investment performance metrics, such as financial ratios, payback period, breakeven, and NPV. You will learn about fundamental accounting methods: the Income Statement and the Balance Sheet. You will get an appreciation of the role played by inventory systems in the control of net income, net profits, and tax liability. Life-cycle cost and other cost classifications in industrial and commercial organizations are covered.
This course is designed for engineers, professional engineers, energy professionals, engineering managers, technical professionals, facilities managers, and other professionals who are not intimately familiar with or current on finance, accounting, time value of money analysis, and engineering economics principles and practices. Board acceptance guarantee.
PDH, CPC & CEU Engineering, Energy, Safety, Code, and Finance Courses For Engineers & Other Industry Professionals
Semtrain is an authorized provider of Engineering, Energy, Code, Safety, and Engineering Project Management courses designed to meet your annual, biennial, and triennial Professional Engineering and Certification renewal needs. What differentiates us from other course providers is that we offer courses that earnestly deliver and develop skills and knowledge, and not just the PDH’s or Credits. Our instructors engage participants through live, Q &A’s, classwork, and discussion. Our courses require no prerequisites and are designed for engineers and professional of all disciplines. Earn PDH / CPC credits with information that is exciting, fresh, accurate, and affordable. Our Money Mack Guarantee: If you are not satisfied with our course content, reach out to us immediately after conclusion of the course – before issuance of certificate – for a 90% refund. Our Board Acceptance Guarantee: If our course is rejected by any board, reach out to us for a 100% refund.
President, Chief Consultant and a Senior Instructor at Sem-Train, LLC
Bobby has over 25 years of experience in teaching undergraduate and postgraduate engineering, math, business administration, and MBA courses, seminars, and workshops. Professor Rauf is a registered Professional Engineer (PE) in the states of Virginia, North Carolina, and Wyoming and is a Certified Energy Manager (CEM) and a Certified Ergonomist (CE). Mr. Rauf was inducted as a “Legend in Energy” by the AEE in 2014. He is a published author of multiple engineering and energy books and professional development courses. He holds a patent in process controls technology. Professor Rauf is certified to instruct various engineering, ergonomics, and industrial safety courses. He has conducted certification training and trained engineers for Professional Engineering licensure exams in the United Kingdom, the Kingdom of Saudi Arabia, the Netherlands, and Ukraine over the past ten years. Mr. Rauf develops and instructs PDH (Professional Development Hour) and continuing education engineering skill-building courses. He conducts these courses in the form of webinars, live on-site presentations, workshops, pre-recorded audio, and self-study texts. He has also served as an Adjunct Professor at Gardner-Webb University. Professor Rauf has also developed and published several self-study books that cater to the continuous professional development needs of engineers, technicians, and technical managers. Mr. Rauf’s last full-time engineering employment in the corporate world was at PPG Industries, Inc., where he served as a Senior Staff Engineer. During his long career at PPG, his responsibilities included the development and management of energy and ergonomics programs for multiple manufacturing plants in the U.S. and overseas. He also provided consultation and training services in energy, electrical engineering, industrial safety, ergonomics, and the arc flash arena. His extensive engineering experience includes power design, control system design, project management, process management, energy and utilities management, energy audits/assessments, plant maintenance, robotics, manufacturing automation, HVAC audits, and the design of ergonomic equipment.
