British Columbia Institute of Technologywww.bcit.ca/study/courses/cmgt7330

BCIT

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)

CMGT 7125

Credits

3.0

Cost

$645.30

Fall 2018

Below is one offering of this course for the Fall 2018 term.

CRN 35719

Tue Sep 11 - Tue Dec 11 14 Weeks

Class Meeting Times

Dates Days Times Locations
Dec 11 Tue 18:30 - 21:30 Online NE01 Rm. 335

Instructor

Michael Sonntag

Course Outline

TBD – see Learning Outcomes in the interim

Cost

$645.30

Notes

  1. Internet delivery format.
  2. Internet delivery format. The final exam will be written at the BCIT campus. If you live outside of Vancouver Lower Mainland please contact department: mivens@bcit.ca. with the course CRN and your student number. *Note - Students taking this course must be proficient in Microsoft Excel and should have basic accounting knowledge.
  3. Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.

Four seats remaining as of Aug 21, 2018 12:39 am PDT. Seats remaining may change at any time prior to registration and payment.

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

  1. 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.

Fall 2018

Books for Fall 2018 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.

Image not available
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

Image not available
Construction Accounting & Financial Management
Author Peterson
Publisher Pearson
Copyright 2013
Binding Hardback
ISBN 978-0-13267-505-5
Price $234.95
Choose One

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