{"id":846,"date":"2025-04-23T10:49:30","date_gmt":"2025-04-23T10:49:30","guid":{"rendered":"https:\/\/eng.pdn.ac.lk\/mgn\/?page_id=846"},"modified":"2026-03-06T06:30:10","modified_gmt":"2026-03-06T06:30:10","slug":"accounting-and-finance-for-engineers-ma501","status":"publish","type":"page","link":"https:\/\/eng.pdn.ac.lk\/mgn\/accounting-and-finance-for-engineers-ma501\/","title":{"rendered":"Accounting and Finance for Engineers \u2013 MA501"},"content":{"rendered":"\n<p>&nbsp;<\/p>\n<p><style>\n        body {\n            font-family: Arial, sans-serif;\n            background-color: #f9f9f9;\n            margin: 0;\n            padding: 0 0px;\n        }\n        .container {\n            max-width: 1000px;\n            margin: 30px 0;\n            background-color: #fff;\n            padding: 20px;\n            box-shadow: 0 0 10px rgba(0,0,0,0.1);\n        }\n        h2 {\n            color: #800000;\n        }\n        h3 {\n            color: #000000\n        }\n        .section-title {\n            background-color: #fff8dc;\n            padding: 10px;\n            margin-top: 30px;\n            border-top: 2px solid #800000;\n            font-weight: bold;\n            font-size: 1.2em;\n            color: #800000;\n        }\n        .content-block {\n            margin-bottom: 20px;\n        }\n        ol {\n            padding-left: 40px;\n        }\n        li {\n            margin-bottom: 10px;\n        }\n        .bold {\n            font-weight: bold;\n        }\n        .grey-box {\n            background-color:#fff;\n            padding: 15px;\n        }\n        .table-section {\n            display: flex;\n            gap: 20px;\n            margin-top: 20px;\n        }\n        table {\n            border-collapse: collapse;\n            width: 60%;\n            background-color: #fff;\n        }\n        th, td {\n            border: 1px solid #ccc;\n            padding: 8px 12px;\n            text-align: left;\n        }\n        th {\n            background-color: #fff8dc;\n            color: #800000;\n        }\n        .half-table {\n            width: 48%;\n        }\n        .text-left {\n\t\ttext-align: left;\n\t}\n\n\t.text-right {\n    \t\ttext-align: right;\n\t}\n    <\/style><\/p>\n\n\n<p><strong>Credits:<\/strong> 3 <\/p>\n\n<p><strong>Pre-requisites:<\/strong> None <\/p>\n\n<p><strong>Core \/ Optional:<\/strong> Compulsory for Mechanical Engineering with Business Track of Mechanical Engineering \/ Optional for Others <\/p>\n\n<p><strong>Aim(s):<\/strong>To provide basic concepts of financial accounting, financial management and management accounting to students, so that they can function effectively as professional engineers in future.<\/p>\n\n\n<p><strong>Intended Learning Outcomes: <\/p><\/strong>\n\n<ol>\n<li>Describe the role and goals of Accounting and Finance for a business.<\/li>\n<li>Apply suitable capital budgeting techniques to make long-term investment decisions.<\/li>\n<li>Examine suitable financing options for different requirements and stages of a business.<\/li>\n<li>Analyse financial performance of a business using financial statements and ratios.<\/li>\n<li>Apply costing and budgeting techniques appropriate to different activities and decisions.<\/li>\n<\/ol>\n\n\n<p><strong>Course Content:<\/p><\/strong>\n<ol>\n<li>Introduction: Branches of finance and accounting; why engineers need finance and accounting; goals of a firm.<\/li>\n<li>Important Financial Concepts: Time value of money; risk and return.<\/li>\n<li>Capital Budgeting Techniques and Working Capital Management: Process of capital budgeting; capital budgeting techniques \u2013 ARR, payback, NPV, IRR; effect of risk; inflation and tax on investment decisions; spreadsheet analysis on capital budgeting; working capital management &#8211; profitability vs. liquidity.<\/li>\n<li>Financing Decision: Financing requirements of a business; sources of finance and different classifications; life cycle financing; capital structure and cost of capital.<\/li>\n<li>Financial Statements and Analysis: Basic accounting concepts; accounting statements &#8211; balance sheet; income statement; cash-flow statement; statement of retained earnings; key financial ratios; ratio analysis.<\/li>\n<li>Costing and Budgeting Techniques for Decision Making: Types and nature of costs; activity based costing vs. traditional costing; cost-volume-profit (break-even) analysis and decision making; operating budgets and cash budgets.<\/li>\n<li>Reports and presentations:<\/li>\n<\/ol>\n\n\n<p><strong> Time Allocation:<\/p><\/strong>\n<table>\n<colgroup>\n        <col style=\"width:60%;\">\n        <col style=\"width:40%;\">\n        \n    <\/colgroup>\n<thead>\n<tr>\n<th>Learning component<\/th>\n<th class=\"text-right\">Hours<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Theory<\/td>\n<td class=\"text-right\">9<\/td>\n<\/tr>\n<tr>\n<td>Small group activities<\/td>\n<td class=\"text-right\">31<\/td>\n<\/tr>\n<tr>\n<td>Assignments<\/td>\n<td class=\"text-right\">10<\/td>\n<\/tr>\n<tr>\n<td>Independent Learning<\/td>\n<td class=\"text-right\">100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<p><strong> Marks Allocation:<\/p><\/strong>\n<table>\n<colgroup>\n        <col style=\"width:60%;\">\n        <col style=\"width:40%;\">\n        \n    <\/colgroup>\n<thead>\n<tbody>\n<tr>\n<th>Assessment<\/th>\n<th class=\"text-right\">Percentage Marks<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Small Group Activities \/ Case Studies \/ Assignments \/ Presentation<\/td>\n<td class=\"text-right\">60%<\/td>\n<\/tr>\n<tr>\n<td>End Semester Examination<\/td>\n<td class=\"text-right\">40%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Credits: 3 Pre-requisites: None Core \/ Optional: Compulsory for Mechanical Engineering with Business Track of Mechanical Engineering \/ Optional for Others Aim(s):To provide basic concepts of financial accounting, financial management and management accounting to students, so that they can function effectively as professional engineers in future. Intended Learning Outcomes: Describe the role and goals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-846","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages\/846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/comments?post=846"}],"version-history":[{"count":13,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages\/846\/revisions"}],"predecessor-version":[{"id":2791,"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/pages\/846\/revisions\/2791"}],"wp:attachment":[{"href":"https:\/\/eng.pdn.ac.lk\/mgn\/wp-json\/wp\/v2\/media?parent=846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}