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Michael J. Readey, Ph.D.

In Finance for Technical Managers, you will explore the fundamental principles of financial management. Topics include understanding and interpreting a company’s financial statements, the time value of money and its role in evaluating the economic viability of different projects, and the annual capital budgeting process every company performs when selecting which projects to fund. In addition, you will cover some highly practical topics, such as how to determine product costs, establishing a department’s annual budget, and ways of forecasting future sales. As a side benefit, the quantitative skills you will learn for business are identical to the skills necessary to manage your own personal finances. Therefore, you will extend your analyses to cover investing of mutual funds composed of stocks and bonds, and you will explore the fascinating area of asset allocation.

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In Finance for Technical Managers, you will explore the fundamental principles of financial management. Topics include understanding and interpreting a company’s financial statements, the time value of money and its role in evaluating the economic viability of different projects, and the annual capital budgeting process every company performs when selecting which projects to fund. In addition, you will cover some highly practical topics, such as how to determine product costs, establishing a department’s annual budget, and ways of forecasting future sales. As a side benefit, the quantitative skills you will learn for business are identical to the skills necessary to manage your own personal finances. Therefore, you will extend your analyses to cover investing of mutual funds composed of stocks and bonds, and you will explore the fascinating area of asset allocation.

This specialization can be taken for academic credit as part of CU Boulder’s Master of Engineering in Engineering Management (ME-EM) degree offered on the Coursera platform. The ME-EM is designed to help engineers, scientists, and technical professionals move into leadership and management roles in the engineering and technical sectors. With performance-based admissions and no application process, the ME-EM is ideal for individuals with a broad range of undergraduate education and/or professional experience. Learn more about the ME-EM program at https://www.coursera.org/degrees/me-engineering-management-boulder.

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What's inside

Three courses

Product Cost and Investment Cash Flow Analysis

(0 hours)
This course examines costs and business practices to establish the cost of a product. The concept of time value of money (TVM) is developed to determine the present and future values of a series of cash flows. TVM principles are then applied to personal finances and retirement planning.

Project Valuation and the Capital Budgeting Process

(0 hours)
This course describes an engineering project's economic viability through the application of net present value, internal rate of return, and payback period analysis. The impacts of depreciation, taxes, inflation, and foreign exchange are addressed.

Financial Forecasting and Reporting

(0 hours)
This course examines how public projects are evaluated using cost-benefit analysis. It explores the determination of interest rates and prices for stocks and bonds. Learners will learn techniques for creating departmental budgets and pro forma statements. They will also work with corporate financial statements to assess a company's financial health, including ESG measures.

Learning objectives

  • Articulate the principles and concepts of finance and financial management, particularly with your financial peers.
  • Interpret a company’s financial statements, calculate financial health, and use metrics to evaluate the financial viability of a new project.
  • Understand how capital budgeting processes work within a company, how to select projects, and how to plan for the financial future of a firm.
  • Apply your knowledge to personal finance investments in stock and bond mutual funds.

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