Academic Catalog

EM501 MANAGEMENT ACCOUNTING AND ENGINEERING ECONOMICS

Course Code: 8660501
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: Engineering Management
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Assoc.Prof.Dr. ÝSMAÝL SERDAR BAKAL
Offered Semester: Fall or Spring Semesters.

Course Content

Basics of financial accounting; preparation of financial documents. Inventory valuation and depreciation methods. Definition of costs; costing techniques. Economic analysis for engineering and managerial decision making. Interest and time value of money. Economic Equivalence; methods for evaluating alternatives. Economic analysis in public sector. Inflation and its impacts.