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Viewing: EGR 505 : MANAGERIAL FINANCE FOR ENGINEERS

Last approved: Wed, 16 Mar 2016 08:13:13 GMT

Last edit: Tue, 15 Mar 2016 17:29:38 GMT

Catalog Pages referencing this course
Change Type
EGR (EGR-Engineering Master's)
505
032303
Dual-Level Course
No
Cross-listed Course
No
MANAGERIAL FINANCE FOR ENGINEERS
Mgrl Fin Engnrs
College of Engineering
College of Engineering (14EH)
Term Offering
Fall and Spring
Offered Every Year
Fall 2016
Previously taught as Special Topics?
Yes
4
 
Course Prefix/NumberSemester/Term OfferedEnrollment
EGR 590-605Fall 1320
EGR 590-605Spring 1420
EGR 590-605Fall 1420
EGR 590-605Spring 1528
Course Delivery
Online (Internet)

Grading Method
Graded/Audit
3
16
Contact Hours
(Per Week)
Component TypeContact Hours
Lecture3
Course Attribute(s)


If your course includes any of the following competencies, check all that apply.
University Competencies

Course Is Repeatable for Credit
No
 
 
MYRON FEINSTEIN
Lecturer
Assoc

Open when course_delivery = campus OR course_delivery = blended OR course_delivery = flip
Open when course_delivery = distance OR course_delivery = online OR course_delivery = remote
Delivery FormatPer SemesterPer SectionMultiple Sections?Comments
LEC4020YesNA

Is the course required or an elective for a Curriculum?
No
In the current business environment, familiarity with and appreciation of finance is essential to career success. Technically competent managers must be able to speak the common language of business and to understand how their work affects the performance of their organization. The objective of this course is to provide practitioners in technical fields the financial know-how to plan, control and make decisions that achieve organizational performance excellence. The class includes both individual and collaborative (team) learning. An engineering, technical or scientific undergraduate degree is required.

This graduate course has covered the above elements since 2013 and has been very well received.  Most undergraduate engineering students have never had the opportunity to understand how their work affects the financial results of their organization.  Many students who have taken this course stated that the course content should be part of any engineering education; because an understanding of Managerial Finance is vital as they try to advance their careers.


No

Is this a GEP Course?
GEP Categories

Humanities Open when gep_category = HUM
Each course in the Humanities category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Mathematical Sciences Open when gep_category = MATH
Each course in the Mathematial Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Natural Sciences Open when gep_category = NATSCI
Each course in the Natural Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Social Sciences Open when gep_category = SOCSCI
Each course in the Social Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Interdisciplinary Perspectives Open when gep_category = INTERDISC
Each course in the Interdisciplinary Perspectives category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Visual & Performing Arts Open when gep_category = VPA
Each course in the Visual and Performing Arts category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Health and Exercise Studies Open when gep_category = HES
Each course in the Health and Exercise Studies category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
&
 

 
 

 
 

 
 

Global Knowledge Open when gep_category = GLOBAL
Each course in the Global Knowledge category of the General Education Program will provide instruction and guidance that help students to achieve objective #1 plus at least one of objectives 2, 3, and 4:
 
 

 
 

 
Please complete at least 1 of the following student objectives.
 

 
 

 
 

 
 

 
 

 
 

US Diversity Open when gep_category = USDIV
Each course in the US Diversity category of the General Education Program will provide instruction and guidance that help students to achieve at least 2 of the following objectives:
Please complete at least 2 of the following student objectives.
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Requisites and Scheduling
 
a. If seats are restricted, describe the restrictions being applied.
 

 
b. Is this restriction listed in the course catalog description for the course?
 

 
List all course pre-requisites, co-requisites, and restrictive statements (ex: Jr standing; Chemistry majors only). If none, state none.
 

 
List any discipline specific background or skills that a student is expected to have prior to taking this course. If none, state none. (ex: ability to analyze historical text; prepare a lesson plan)
 

Additional Information
Complete the following 3 questions or attach a syllabus that includes this information. If a 400-level or dual level course, a syllabus is required.
 
Title and author of any required text or publications.
 

 
Major topics to be covered and required readings including laboratory and studio topics.
 

 
List any required field trips, out of class activities, and/or guest speakers.
 

College(s)Contact NameStatement Summary
Poole College of ManagementDr. Steve AllenAfter consulting with PCOM’s executive team and relevant faculty, our college is willing to endorse the course action proposals for EGR 501, 503, 505, and 507. There is some overlap with courses we teach in our college, but either we lack space to accommodate Master of Engineering students or our courses lack the applications context that engineering students would expect.

Looking forward, PCOM expects to be notified when new EGR courses with management content are being conceptualized. The online MBA program is growing and new courses are being developed to meet the needs of these students. We also expect to have the opportunity to engage with the College of Engineering should there ever be a discussion about a Master of Engineering Management degree.

Best regards,

Steve

Steven Allen
Associate Dean for Graduate Programs and Research
Poole College of Management
NC State University
Raleigh NC 27695-7229
(919) 515-6941 office
There are no additional instructional resources required. I have taught this course four times as part of my normal teaching load.

This course is designed to prepare students to move into managerial positions in an engineering or scientific work environment and to use managerial finance for planning, control and decision making.          


Student Learning Outcomes

Upon completion of this course students will be able to:



  • prepare and analyze financial statements

  • prepare budgets and analyze budget variances

  • distinguish relevant and irrelevant costs to enable decisions such as make-or-buy

  • determine Return on Investment and create and evaluate capital expenditure proposals

  • improve their ability to gain approval for new programs and business opportunities

  • apply financial analysis and techniques to improve operational performance in engineering and manufacturing 


Evaluation MethodWeighting/Points for EachDetails
Multiple exams50%3 exams covering the course content.
Homework50%8 Individual problem sets covering chapters in the text (32%)
3 Team problem sets covering chapters in the text (18%)
TopicTime Devoted to Each TopicActivity
Basic Accounting & Financial Statements3 weeksTextbook readings, journal articles, Powerpoint lectures and videos; problem solving.
Analysis of Financial Ratios1 weekTextbook readings, journal articles, Powerpoint lectures and videos; problem solving.
Managerial Accounting8 weeksTextbook readings, journal articles, Powerpoint lectures and videos; problem solving.
Cost of Capital, Working Capital Management, Rates of Return2 weeksTextbook readings, journal articles, Powerpoint lectures and videos; problem solving.
Capital Budgeting1 weekTextbook readings, journal articles, Powerpoint lectures and videos; problem solving.
The content of this course is crucial to promotions and career success for technical professionals. Linda Krute, Director of EOL, should be contacted for additional support for the value of this course.

mlnosbis 1/19/2016: Overlap with PCOM, but consultation notes are provided above. Note that Myron Feinstein is not a member of the graduate faculty, but is an approved non-graduate faculty instructor for this course.

ghodge 1/19/2016 : Ready for ABGS reviewers.

ABGS Reviewer Comments:
-no comments

ghodge 2/6/2016 Send to ABGS
rfillin (Mon, 09 Nov 2015 15:00:39 GMT): Myron course EGR 501 and 505 can not have the same catalog description. You will need you to update the description for each plus complete the consultation. Consultation, this s to ensure that there was a consultation with any relevant department, the title has the word 'Management", hence we need consultation with College of Management. Please consult with their director of Graduate Programs that they don't have a conflict with your course. An email response from their DGP would be sufficient.
Key: 7305