Course Details

Business Budgeting & Finance for Engineers

In today’s bustling marketplace, engineers must always think about how each and every decision impacts the bottom line. For some engineers, it is necessary to have a working understanding of how budgeting works in order to contribute to the company’s overall financial health. In this course, you will learn how to interpret income and expenses; how to evaluate them and prepare a budget; the importance of setting long-term goals, preparing profit & loss sheets, and forecasting over different time periods; and how to read and interpret important financial statements, understand various financial terms and decide how to invest capital for the future.

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Course Authors

Instructor: Enrique E. Alvarez Rodrich

Enrique E. Alvarez Rodrich received his MBA from Universidad del Pacifico and his BSc in Electronic Engineering from the School of Electrical and Electronics Engineering, Universidad Nacional de Ingerieria. He has extensive experience in executive and board positions with companies and organizations from different sectors. His experience demonstrates capabilities and achievements in the development and startup of new businesses, process improvement, organizational redesign, strategic planning and business planning, leading multicultural work teams and focusing them on growth, profitability and customer satisfaction.

Instructor: Edward A. Rezek

Edward A. Rezek received a BS degree in Electrical Engineering and an AB degree in Physics from Washington University in St. Louis. He received his MS and PhD degrees in Electrical Engineering from the University of Illinois, Urbana-Champaign. Having worked at Northrop Grumman Space Technology (formerly TRW Space & Electronics Group), his work experience has ranged from basic R&D to manufacturing and has covered the spectrum from advanced technology development for US Government space applications to manufacturing low cost components for commercial applications.  He has received 19 patents and has more than 50 publications in refereed journals.  He is the 1993 recipient of the TRW Chairman’s Award for Innovation and the 2006 recipient of the Northrop Grumman Distinguished Innovator Award.  He is an IEEE Fellow for his work on qualification of GaAs microelectronics for space applications.

Course Overview

Duration: 1 hour


  • Learn how to interpret income and expenses
  • How to evaluate them and prepare a budget
  • Understand the importance of setting long-term goals
  • How to prepare profit & loss sheets
  • How to forecast over different time periods
  • Understand various financial terms and decide how to invest capital for the future

Certificate of Completion

  • Earn 1 PDH

$39 for Members!



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