Concorde case study
The relationship between accounting/finance and engineering/technology
Introduction
This paper discusses the relationship of accounting/finance and engineering/technology in the framework provided by the Concorde case study. Accounting is the collection, analysis and communication of financial information that is useful for those who need to make decisions and plans about organisations, and for those who need to control those organisations. Finance in the other hand is how an organisation raises and invests funds, how investors decide to invest their wealth, and how markets for investments operate. As a matter of fact the development of engineering inventions and the improvement of any engineering design are mainly managed by financial factors. The implications of situating accounting/ finance within engineering/ technical context can illustrate how the latter can contribute to the analysis of the former and to provide valuable inputs for managerial decision-making.