ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
Question
Book Icon
Chapter 17, Problem 1QTC
To determine

Ways of developing accounting or financial analysis skills before entering the workforce.

Expert Solution & Answer
Check Mark

Explanation of Solution

A basic knowledge of accounting and finance is required for each and every person. Since every field is incomplete without finance and accounting. Accounting is required in our everyday life as well. So whether you are an engineer, doctor or nay other professionals you need to have at least brief knowledge of finance and accounting.

Various ways of developing accounting or financial analysis skills before entering the workforce are as follows:

  1. Find a financial mentor: who can teach you the principles and basic skills.
  2. Play with numbers: try to explore as much as you can. Try to apply all the principles in practical aspects.
  3. Make it personal: try to apply the financial principles in every aspect and make it a “Survival issue” Then you will succeed with certainty.
  4. Enroll in some online course to practice as much as you can.
  5. Try to study some organizations balance sheet: it will give more real picture of what is happening inside an organization.

Conclusion:

The entire above mentioned are the ways with which one can develop accounting and financial skills before entering the workforce.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education