Finance and Accounting for Energy Engineers: & Engineers in All Disciplines, Edition 2

S. Bobby Rauf

Sept 2023 · CRC Press

About this eBook

The purpose of this second edition is to provide an overview of important principles in the fields of finance and accounting, and the application of those principles for financial analysis of energy and non-energy capital investments. This book is written as a self-study guide for energy and non-energy engineers and managers who either lack formal training in the subjects of finance, accounting, and engineering economics, or simply need a means to refresh their knowledge in these subjects. This book bridges the gap between the typical business school "MBA" knowledge and its application in enery and non-engergy engineering, project management or manufacturing management. Many energy and non-energy engineers and technical managers feel inadequately equipped to comprehend and apply certain important finance and accounting principles. Understanding of finance and accounting principles is important in interfacing and conducting business with accountants, financial analysts, and members of upper management. This book is designed to familiarize energy engineers and other engineering professionals - in a relatively simple and easy to understand fashion - with decision making skills founded on financial calculations and case study based quantitative analysis.

About the author

Professor Bobby Rauf, P.E, C.E.M, C.M.T, MBA, is the President, Chief Consultant and a Senior Instructor at Sem-Train, LLC. Professor Rauf has over 25 years of experience in teaching undergraduate and postgraduate engineering, science, math, business administration, and MBA courses, seminars, and workshops. Mr. Rauf earned his B.Sc. in Electrical Engineering, with honors, from NC State University, Raleigh, NC, USA. He earned his Executive MBA degree from Pfeiffer University Misenheimer, NC, US. He is a registered Professional Engineer in the States of Virginia, Wyoming, and North Carolina and is a Certified Energy Manager. He holds a patent in process controls technology. Mr. Rauf’s last full-time engineering employment, in the corporate world, was at PPG Industries, Inc. where he served as a Senior Staff Engineer. Professor Rauf was inducted as a "Legend in Energy" by AEE in 2014. He is a member of the American Society of Engineering Education and has developed and instructed Professional Engineering and Fundamentals of Engineering Exam (NCEES) Prep Courses over the past twenty years. Professor Rauf develops and instructs PDH (Professional Development Hour) and continuing education, engineering skill building seminars and courses. See testimonials from past attendees at www.sem-train.com. He is also an Adjunct Professor at Gardner-Webb University. Professor Rauf has published multiple texts over the last ten years.