- International Fees
International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
An understanding of the fundamental concepts of accounting and financial analysis is essential for effective decision-making. Topics include the role of the financial manager in the organization, concepts and principles underlying accounting practices, financial statement reading and analysis, budgeting, accounting, time value of money, risk, and macro and micro economics.
Prerequisite(s)
- 50% in CMGT 8435
- Admission to the BTech Construction Management degree program.
Credits
3.0
Domestic fees
$788.83
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Discuss the basic concepts of accounting.
- Explain the function of annual reports, balance sheets, income statements, and cash flow statements.
- Describe the sections of balance sheets, income statements, and cash flow statements:
- Describe the common entries in financial statements.
- Describe the entries in financial statements typically used by construction companies.
- Carry out ratio analysis:
- Compare company ratios.
- Develop construction specific ratios.
- Describe the basic principles of full cycle accounting:
- Carry out a simple full cycle accounting example.
- Describe the relationship between example accounts and financial statement entries.
- Explain the basic function of management accounting:
- Identify costs as fixed or variable.
- Calculate basic budget variances.
- Determine what costs are committed and calculate committed costs.
- Explain the concept of time value of money:
- Solve basic time value problems.
- Describe how risk is relevant in financial transactions:
- Illustrate how tolerance to risk varies with the amount of money risked, the amount of the return, and the number of times the transaction will take place.
- Illustrate how risk affects required rate of return.
- Describe how projects can be assessed using simple payback, NPV, and IRR.
- Explain the significance of micro and macro economics to the construction industry.
- Analyse pricing decisions and responses to competitor's pricing using business and financial concepts.
- Analyse projects to determine whether they are profitable.
- Choose between projects using financial criteria.
- Construct a budget.
- Forecast cash flows for a construction company.
Effective as of Fall 2014
Related Programs
Finance for Construction Managers (CMGT 7330) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs eligible for students to apply for Post-graduation Work Permit (PGWP).
School of Construction and the Environment
- Construction Management
Bachelor of Technology Full-time/Part-time
Course Offerings
Fall 2025
Below is one offering of CMGT 7330 for the Fall 2025 term.
CRN 35719
Dates
Sep 09 - Dec 09 Loading
- CRN 35719
- $788.83 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 09 - Dec 09 | Tue | 18:00 - 21:00 | Burnaby NE01 Rm. 406 |
Duration
13 weeks
Instructor
Roman Goldmann
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Departmental approval needed
- International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- This is a classroom offering. Students taking this course must be proficient in Microsoft Excel and should have basic accounting knowledge. Note* There will be no class on September 30th and November 11th (STAT).
Status
Programs and courses are subject to change without notice.