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.
- 50% in CMGT 8435
$690.05 - $745.53 See individual course offerings below for actual costs.
Below is one offering of CMGT 7330 for the Spring/Summer 2023 term.
Thu Apr 13 - Thu Jun 29 (12 weeks)
- 12 weeks
- CRN 57625
Class meeting times
|Apr 13 - Jun 29||Thu||18:00 - 21:00||Online|
- Internet delivery format.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
This course is a mandatory core class for students accepted into this program prior to the fall of 2022. For new students accepted as of Fall 2022 this course is an elective course. Purchase required textbook and class reading materials from the "DE" BCIT Bookstore. Log onto www.bcitbookstore.ca/distance Pre-reading of first 2 text chapters required before first class. Students will be e-mailed prior to course start up with instructions. Please be sure your BCIT contact information is up to date.
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
Below is one offering of CMGT 7330 for the Fall 2023 term.
Tue Sep 05 - Tue Dec 05 (14 weeks)
- 14 weeks
- CRN 35719
Class meeting times
|Sep 05 - Dec 05||Tue||18:00 - 21:00||Burnaby NE01 Rm. 402|
Course outline TBD — see Learning Outcomes in the interim.
This is a classroom offering. Students taking this course must be proficient in Microsoft Excel and should have basic accounting knowledge.
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
Finance for Construction Managers (CMGT 7330) is offered as a part of the following programs:
School of Construction and the Environment
- Construction Management
Bachelor of Technology Full-time/Part-time
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Programs and courses are subject to change without notice.