Abstract
Both engineers and accountants working in industry are experts in measurement. The engineer expresses his quantitative data in physical units; the accountant evaluates quantitative measurements into financial terms. Planning the future and controlling the present are two principal functions of management. Accounting provides the common language of communication between the different levels of management planning and controlling all activities of the business. Cash flow, accounting for inflation, investment timing are important areas for the exercise of accountants' specialized training and outlook. The lecturer then outlines an actual comprehensive accounting information system operating in a large and successful engineering company. This illustrates his conclusion that while the engineer is the customer of the accountant providing information, they are partners in optimizing its use in running a business.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Proceedings of the Institution of Mechanical Engineers
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
