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.
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.
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
Winter 2019
Below is one offering of this course for the Winter 2019 term.
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.
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:
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
Winter 2019
No information on books is currently available for Winter 2019 offerings of this course.
Subscribe
Interested in being notified about future offerings of CMGT 7330 - Finance for Construction Managers?
If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.
Registration is now open for the Winter 2019 term.
Classroom Locations
Classroom locations are subject to last minute changes. Please check the Part-time Studies Classroom Locations listing at www.bcit.ca/rooms on the first day of any course you are registered for.