The Engineer as a Partner in Finance

781888

02/01/1978

Event
1978 Automotive Engineering Congress and Exposition
Authors Abstract
Content
A primary objective of any company is to generate an adequate return to its owners as measured by the income statement, balance sheet, and other financial tools. In coming up with a satisfactory “bottom line” the management of the company is constantly faced with a wide array of investment alternatives, as well as the need to make funds available to finance these investments. The engineer plays a key role in the decision process both by providing the technology that can be exploited, as well as the technical capability to implement the projects that are selected. It is therefore important that he have an adequate knowledge of financial analysis in order to assist in the process of screening projects for their economic acceptability. This paper is aimed at providing the engineer with the proper attitude and perspective so that he can expand his skills to include the selection and justification of project proposals in the engineering area.
Meta TagsDetails
DOI
https://doi.org/10.4271/781888
Pages
5
Citation
Piekarski, J., "The Engineer as a Partner in Finance," SAE Technical Paper 781888, 1978, https://doi.org/10.4271/781888.
Additional Details
Publisher
Published
Feb 1, 1978
Product Code
781888
Content Type
Technical Paper
Language
English