To support you and your education, BCIT is adapting applied learning in formats appropriate to the unfolding global situation. All PTS classes are being delivered in an online format unless you are notified otherwise.
This course discusses how financial statements for a home building business are produced and analysed, along with the skills required to manage a successful business. Basic concepts of accounting and financial reporting will be reviewed. Financing sources and management of debt will be studied. Financial Planning and business performance evaluation skills and techniques will be examined and students will learn how to create budgets, cash flows, and pro-forma as tools to build a profitable business.
***This is not a self-paced course. There will be specific time lines for assignments and exams.*** A computer with speakers is required for this course. You must also have an e-mail address and access to a computer capable of downloading basic documents. Students will participate in weekly "Virtual Classroom" sessions, scheduled 5:30pm - 8:30pm PST each Tuesday for the 12 weeks of the course. Important course information will be sent to registered students closer to course start date. Make sure your email address on your student account is correct and up to date.
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Upon successful completion of this course, the student will be able to:
Explain the role of accounting in financial management and planning.
Interpret accounting transactions and their relationship to financial statements.
Demonstrate basic understanding of accounting concepts, principles, and practices using principles of double-entry bookkeeping to record transactions for a construction business.
Complete accounting and financial transactions within an accounting system.
Prepare financial statements (Income Statement, Cash Flows, Statement of Owner's Equity and the Balance Sheet) for a construction business.
Describe the nature and purpose of pro-forma statement of operations and differentiate various financial reports.
Interpret financial reports .
Evaluate financial performance from financial statements using key financial ratios.
Prepare operating budgets and differentiate various budgetary controls.
Carry out a cost and profit analysis.
Effective as of Winter 2020
BLDC 1020 is offered as a part of the following programs:
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