Engineering Finance (I)

Course Overview

This is a one-day introductory online course presented by Engineering Training and Mentorship using MS Teams. It is designed for Engineering Managers, Technical Managers, Engineers, Certificated Engineers, Technologists and Technicians across all engineering disciplines.

Attendees will obtain a certificate of attendance and may claim 1 CPD point with ECSA.

Course Synopsis

This course serves as an introduction to finance for candidates with no or very limited financial background. It lays the foundation for participants who aspire to develop further engineering financial knowledge in support of long-term career growth.

Note: No prior accounting knowledge or experience is required.

Course Modules

1. Introduction to Financial Concepts
2. The Double Entry Principle & the Accounting Equation
3. Time Value of Money
4. Depreciation and Replacement of Assets
5. Introduction to Financial Statements

   Cash Flow Statement, Balance Sheet, Income Statement

Main Objective

There is currently a significant gap amongst technically qualified professionals when it comes to financial knowledge, both in South Africa and internationally.

The main objective of this course is to provide participants with foundational financial knowledge and introduce essential financial concepts that will make acquiring further expertise in this field easier, thereby supporting career development.