Instructional Delivery Method: Group Live-Seminar

PDH for Engineers: 16 PDH Hours

CPE Credit and NASBA Field of Study: 16 Hours, Finance

This two-day seminar is designed to prepare engineering, manufacturing, production and operational professionals with the economic and financial knowledge they need to assist top management with strategic decisions related to large engineering projects.

Participants will discuss and evaluate several case studies related to financial analysis and the capital budgeting decision making process for large engineering projects. Participants will leave this practical, skill-based seminar understanding six different types of capital expenditure methodologies and with the ability to understand and analyze their company’s financial statements.

  • Calculate capital expenditure (engineering) proposals using six different methodologies – and know which method to use in different situations


  • Understand and analyze financial statements and use financial ratios


  • Use cost accounting, standard costs and variance analysis and activity based cost reports to improve production procedures


  • Automatically calculate fixed and variable production for flexible budgeting


  • Compute production break-even quantities


  • Construct and use a decision tree


  • Use Excel 2010 Tools for Financial Analysis and Capital Budgeting
  • Engineering Economics Overview


  • Using Financial Statements for Business Management

    • Understanding the Balance Sheet

    • Using the Income Statement to Manage a Business

    • Financial Analysis and Ratio Calculations - what the numbers really mean


  • Cost Concepts, Cost Classifications and Cost Analysis


  • Understanding the Time Value of Money and the Excel Function Wizard


  • Principles of Capital Budgeting

    • Non-discounted methodologies

    • Discounted methodologies


  • Project Cash Flow Analysis


  • Managing Project Uncertainty


Special Note: This course can be custom tailored for an 8-hour presentation.

Prerequisites: None

Program Level: Basic

Advance preparation: None

For a comprehensive course description and to view a brochure click a link below:

To register for this In-House Seminar, please fill out this questionnaire to help pinpoint your group's in-house needs, and assist NCCE in putting together a top-notch in-house seminar for your organization.


Cost effective for 10 or more employees. Click here for more information on in-house seminars.

NCCE is only holding in-house seminars right now but NCCE will offer our seminars including Modern Engineering Economics to the public starting in 2013.


Click here to be put on a notification list for NCCE's public seminars starting in 2013.

The National Center for Continuing Education is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
For more information regarding administrative policies such as complaint and refund,
please contact our offices at 850-561-6081.

National Center for Continuing Education

967 Briarcliff Drive - Tallahassee, FL - 32308 - Fax: (850) 222-4862

Phone: (850) 561-6081 -