Why engineers need to understand financial statements? Discuss in detail in the

Question

Why engineers need to understand financial statements? Discuss in detail in the light of following diagram.

Why engineers need to understand financial statements? Discuss in detail in the light of following diagram. External constraints Environmental regulations Antitrust laws Product and workplace safety rules Strategic policy decisions by management Operating decisions Investment decisions Financing decisions Accounting information The balance sheet statement The income statement The cash flow statement Expected financial performance Expected profitability Timing of cash flows Degree of financial risk Role of engineers Evaluation of capital expenditure related to projects Selection of production methods used Assessment of engineering safety and environmental impact Selection of types of products or services produced Firm's market value Stock price

Explanation / Answer

Environmental Regulations:

At any time it can have an impact upon a business. While producing products that could harm the environment potentially, being engaged in agricultural farming, or disposal of pollutants/ hazardous or non-hazardous waste

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.