EGR 505 Managerial Finance for Engineers

In the current business environment, familiarity with and appreciation of finance is essential to career success. Technically competent managers must be able to speak the common language of business and to understand how their work affects the performance of their organization. The objective of this course is to provide practitioners in technical fields the financial know-how to plan, control and make decisions that achieve organizational performance excellence. The class includes both individual and collaborative (team) learning. 3 credit hours.


• Prerequisite

An engineering, technical or scientific undergraduate degree is required.
Prior job experience is helpful but not required.

You will need a web cam/microphone to participate in certain virtual team activities.
More information below.

• Course Objectives

This course is designed to prepare students to move into managerial positions in an engineering or scientific work environment and to use managerial finance for planning, control and decision making.         
Upon completion of this course students will be able to:

  • prepare and analyze financial statements
  • prepare budgets and analyze budget variances
  • distinguish relevant and irrelevant costs to enable decisions such as make-or-buy
  • determine Return on Investment and create and evaluate capital expenditure proposals
  • improve their ability to gain approval for new programs and business opportunities
  • apply financial analysis and techniques to improve operational performance in engineering and manufacturing

• Course Requirements

This course is not:

  1. a course requiring deep technical knowledge or complicated mathematical calculations
  2. a course covering construction cost estimation, business evaluation or mergers and acquisitions


Your success in the class depends on a mix of learning from others and developing problem solving skills on your own. The course requires learning from assigned readings, solving numerical problems and group work. Students are expected to complete reading assignments (available on the course website) before viewing the posted videos. When teams are assigned group work such as problem sets or case studies, the teams will meet (virtually) at a day and time agreed to by the team. We have the Blackboard Collaborate system available to us. NC State provides the software. You will need to provide a webcam and headset (earphones/microphone).


Team/group assignments (via virtual teams)


250 possible points
750 possible points
1000 total possible points

• Textbook

Managerial Accounting for Managers, 4th Edition

Eric  Noreen, Peter C. Brewer, Ray H Garrison, McGraw-Hill Irwin

ISBN 978-1-259-57854-0

There will also be readings from other books or business journals. These will be available from links on the course website and will be assigned no later than the prior class session.

• Webcam

There are several group activities that will require students to use web conferencing tools such as Blackboard Collaborate or Skype. You will need a webcam to participate in collaborative meetings. The inexpensive ones are adequate. You may already have one built into your computer or laptop.

Certain assignments will require students to submit scanned versions of solutions to financial problems. Students should have access to a scanner so they can submit a digital version of those solutions.

• Computer and Internet Requirements

NCSU and Engineering Online have recommended minimum computer specifications. For details, click: (

• Instructor
  Myron Feinstein, NCSU Graduate Faculty and Lecturer
Edward P. Fitts Department of Industrial and Systems Engineering
NCSU Campus
Raleigh, NC 27695

Mobile Phone: 919.360.0614