Money, Money, Money: What Engineers Need to Know About Accounting

CapEx, NPV, P&L — understanding financial concepts becomes increasingly important as you take on more complex projects in your career. This session will demystify basic accounting concepts and practices for individuals from various industries, focusing on accounting terminology relevant to engineering projects such as capital expenditures and asset depreciation. Attendees will also learn to read and understand an organization’s financial reports to evaluate the organization's financial health and its impact on your career. By learning to “speak the language” of accounting and finance, you will be better equipped to communicate the value and impact of your work effectively. By the end of the session, participants will be equipped with practical knowledge to apply accounting principles in their professional and personal lives.