CMGT 7330 - Finance for Construction Managers
Construction Management - CMGT Part-time Studies Course
School of Construction and the Environment
Course Details
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)
Credits
3.0
Cost
$645.30
Winter 2019
Below is one offering of this course for the Winter 2019 term.
CRN 74032
Duration
Tue Jan 08 - Tue Apr 09 14 Weeks
Instructor
Michael Sonntag
Course Outline
Cost
$645.30
Notes
- Internet course except for the final exam. Final: Apr 9. If not in lower mainland, contact instructor and mivens@bcit.ca for alternate location to write. Textbook required. Order online at www.bcit.ca/bookstore/ (distance ed bookstore) Pre-reading is required, chap. 1 & 2 before start date of course. Students should be proficient with Microsoft Excel and basic accounting principles.
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
Status
This course offering is in progress. Please check this page for other currently available offerings or subscribe to receive email updates.
In Progress
Spring/Summer 2019
Below is one offering of this course for the Spring/Summer 2019 term.
CRN 57625
Duration
Sat Apr 13 - Sat Jul 20 14 Weeks
Class Meeting Times
| Dates | Days | Times | Locations |
| Apr 13 - Jul 20 | Online | ||
| Jul 20 | Sat | 09:00 - 12:00 | Online SE12 Rm. 322 |
Instructor
TBD
Course Outline
TBD – see Learning Outcomes in the interim
Cost
$645.30
Notes
- Internet delivery format.
- Purchase required textbook and class reading materials from the BCIT Bookstore. Log onto www.bcit.ca/bookstore/ Pre-reading of first 2 text chapters required before first class. Internet course except the final exam to be taken at BCIT campus. If you do not reside in the Vancouver area contact instructor and department about alternate invigilation locations. Students will be e-mailed prior to course start up with instructions. Please be sure your BCIT contact information is up to date.
Status
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
CMGT 7330 is offered as a part of the following programs:
School of Construction and the Environment
- Construction Management
Full-time/Part-time Bachelor of Technology
Books & Supplies
The BCIT bookstore carries textbooks, general reference books, software, and stationery. Please visit bcit.ca/bookstore for more information.
Winter 2019
Books for Winter 2019 offerings of this course are available in the following BCIT online bookstores. Please choose the bookstore appropriate for the offering you are considering.
BCIT Distance & Online Learning Bookstore
If you are taking this course through either Distance Education or Online Learning, please purchase books for this course at the BCIT Distance & Online Learning Bookstore.
| Cmgt 7330 Finance For Construction Managers Readings (Sept 2007) | |
|---|---|
| Author | Cmgt |
| Publisher | Acc/Roy |
| Binding | Paperback |
| Price | $22.50 |
| Required | |
Image not available
| Cei Digital : Construction Accounting & Financial Mgmt | |
|---|---|
| Author | Peterson |
| Publisher | Ph |
| Copyright | 2013 |
| Binding | Digital Version |
| ISBN | 978-0-13307-292-1 |
| Price | $39.95 |
| Choose One | |
| Construction Accounting & Financial Management | |
|---|---|
| Author | Peterson |
| Publisher | Pearson |
| Copyright | 2013 |
| Binding | Hardback |
| ISBN | 978-0-13267-505-5 |
| Price | $234.95 |
| Choose One | |
Spring/Summer 2019
No information on books is currently available for Spring/Summer 2019 offerings of this course.
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