MEC2106 : Engineering Professional, Legal and Financial Context
- Offered for Year: 2017/18
- Module Leader(s): Dr Eugene Wong
- Owning School: Mechanical & Systems Engineering
- Teaching Location: Singapore
|Semester 1 Credit Value:||15|
The module will consist of four strands
- Legal and financial context of engineering.
- Project and product costing
- Benchmark operational standards for quality and the environment
- Professional ethics and corporate social responsibility
Outline Of Syllabus
Legal and financial issues (Singapore):
- contract law, dispute resolution, negligence and liability, IPR, legal risk management;
- financial accounts, annual reports, accounting standards and auditing, balance sheet and income statement, ratio analysis, valuing companies, depreciation;
- management accounting (cost/volume/profit analysis, fixed and variable costs, contribution, overheads, costing approaches, budgetary control, capital budgeting, balance sheet).
Project and product costing:
- time-value-of money and discount rate, NPV;
- Lifetime cost, CBR, payback period, IRR;
- Cost per product.
- Cost of labour and outsourcing
- Cash flow and depreciation
- Replacement analysis.
Benchmark operational standards:
- quality (ISO9001, etc)
- environment (ISO14001) and sustainability, environmental auditing and management.
Professional ethics and corporate social responsibility
- ethical responsibilities of individual professional engineers.
- Corporate social responsibility (eg SA8000, ISO26000)
|Guided Independent Study||Assessment preparation and completion||1||2:00||2:00||End of Semester examination.|
|Guided Independent Study||Assessment preparation and completion||4||7:30||30:00||Target non-timetable hours to complete coursework assignment submission|
|Guided Independent Study||Assessment preparation and completion||40||0:30||20:00||Recommended revision for exams, assuming prior regular independent study throughout teaching|
|Scheduled Learning And Teaching Activities||Lecture||64||1:00||64:00||Structured presentation of syllabus may include skills demonstration, formative feedback, etc|
|Guided Independent Study||Independent study||1||34:00||34:00||Recommended regular personal study throughout teaching period to follow up taught classes|
Teaching Rationale And Relationship
Lectures outline the basic content on which further directed reading should be based.
Examples classes enable practice in accounting and costing calculations.
Seminars enable the outcomes of personal and team study to be shared and discussed.
The high amount of private study time indicates the focus on self-directed learning from the literature.
The format of resits will be determined by the Board of Examiners
|Report||1||M||15||Legal - group report. Report: max 8 pages or 1500 words|
|Report||1||M||15||Financial - group report. Report: max 8 pages or 1500 words|
|Report||1||M||10||Ethics - group report and oral presentation. Report: max 5 pages. Presentation: max 5 slides.|
|Report||1||M||10||Operational standards - group report. Report: max 8 pages or 1500 words.|
Assessment Rationale And Relationship
The end of year examination assesses legal, accounting and engineering economics which provides an appropriate way to assess both theoretical understanding and practical problem solving skills under time-constraint as required in industry.
Written reports and oral presentation (for ethics) assess group and individual engagement in legal, financial, standards and ethical issues.
For the purposes of professional body accreditation, in order to obtain a passing mark overall for this module (40%) at the first attempt the minimum acceptable mark for each of the assessment items specified below shall be 30%, with the maximum possible module overall mark where this is not the case being restricted to 35% (Undergraduate Progress Regulations):
(1) 50% Exams
(2) 50% Reports and Presentation
- Reading List Website : rlo.ncl.ac.uk