Explore financial management and accounting conventions and their importance in the construction industry and other sectors. Understand the need for financial management in the construction industry. Which projects should a firm or individual invest their money? How can you find out a company’s profit at the end of the year? How should this investment be financed? How can you tell how healthy a company is?
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This course introduces you to the key concepts of financial management and will prepare you for more advanced study of managing finance. You will be encouraged to develop a critical understanding of the key financial questions which are faced by directors, construction and project managers of firms.
What topics will you cover?
Following the successful completion of the course, you should be able to:
- evaluate the importance of financial management in the construction industry;
- identify the role of construction and project managers in managing project finances; and
- evaluate basic accounting conventions and principles which guide the preparation of financial statements.
What will you achieve?
By the end of the course, you'll be able to...
- Evaluate the importance of financial management in the construction industry
- Identify the role of construction and project managers in managing project finances
- Evaluate basic accounting conventions and principles which guide the preparation of financial statements
This course is part of the program Financial and Asset Management, which is one of the building blocks that leads to a degree in MSc Construction Project and Cost Management.
