Finance and Accounting for Energy Engineers

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.

Finance, Accounting, Definitions, Concepts & Organizational StructuresBreak-Even Analysis Concepts & AnalysisEnergy Engineering EconomicsFinancial Reporting RequirementsIncome Statements & Balance Sheets, Cash Flow & Working CapitalFinancial Metrics & Ratios: Payback Period, Future Value, Present Value, Time Value of Money ConversionsDepreciation AlternativesInventory ConceptsElectric & Gas Bill Schedules, Calculations & AnalysisTypes of Costs, Life Cycle Costs & Repair vs. Replace Decisions & AnalysisEnergy Performance Contracting & ESCOs: Business, Economic & Financial Perspective