Engineering Accounting


Joosung J. Lee and Insue Kim
Korea Advanced Institute of Science and Technology, Daejeon, Republic of Korea

Series: Economic Issues, Problems and Perspectives
BISAC: BUS001000

This book is the first edition that combines accounting principles with engineering work. It is a basic-level textbook in accounting for science and engineering students and working professionals engaged in engineering project planning. By introducing the fundamentals of accounting and accounting issues that are related to corporate management and R&D work, this book helps the reader gain the knowledge and skills to analyze financial statements, manufacturing costs and tax issues from an engineers perspective. It is a handy book that covers such essential topics as Financial Accounting, Cost Accounting, Corporate Management and Financial Statements Analysis, R&D Management, Target Costing, and Value Engineering. With this book, the reader is able to grasp the basics of accounting and R&D costing within a week, which will become a solid foundation for business leaders in technology and management. (Imprint: Novinka)



Table of Contents

Part I:

Chapter 1. What is Accounting?

Chapter 2. What is Financial Accounting?

Chapter 3. Understanding Financial Statements

Chapter 4. Understanding Accrual Basis and Cash Basis

Chapter 5. Statement of Financial Position – Asset

Chapter 6. Statement of Financial Position –Liability and Equity

Chapter 7. Income Statement

Chapter 8. Cash Flow Statement

Chapter 9. Ratio Analysis

Chapter 10. Others: IFRS and GAAP, Earnings Management and Fraudulent Reporting

Part II:

Chapter 11. Types of Costs and Cost Accounting

Chapter 12. Break-Even Point and Relevant Costs

Chapter 13. Responsibility Accounting and R&D Performance Evaluation

Chapter 14. New Product Development and Target Costing

Chapter 15. R&D-Patent-Accounting Linking Strategy


Additional information