Engineering managers oversee budgets, which are typically prepared using accounting principles. This course, named "Industrial Cost Control," emphasizes the importance of accounting knowledge in cost management. Understanding concepts like balance sheets, income statements, and depreciation is essential for those working in accounting$-$related roles. However, if your job does not involve accounting, you may not frequently use these concepts.

Can you think of any situations in your daily life or workplace where accounting analysis is relevant? Please share your thoughts, experiences, or comments on the discussion board.