Module Provider: |
School of Construction Management and Engin |
Number of credits: |
10 [5 ECTS credits] |
Level: |
M |
Terms in which taught: |
Autumn |
Module Convenor: |
Mr
D
Odebode |
Pre-requisites: |
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Co-requisites: |
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Modules excluded: |
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Current from: |
2005/6 |
Aims:
To introduce financial and management accounting as key tools of management for a construction firm.
To provide an appreciation of key financial and management accounting concepts and the role financial information plays in planning, controlling and decision making by managers
Gain appreciation of the differences and the link between financial and management accounting and the roles played by each in the management of a construction firm.
Understand key concepts in financial and management accounting as necessary tools for managing an enterprise
Prepare and interpret financial statements such as a cash flow statement, an income statement, a balance sheet and a profit and loss account
Gain awareness of investment appraisal methods as decision making tools.
Appreciate the different approaches to the costing of a product and the importance of costing to profitability. |
Assessable learning outcomes:
Ability to think financially and to focus on the key financial issues for an organisation. |
Additional outcomes:
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Outline content:
Introduction to management and financial accountingRoles of and the relationship between management and financial accounting in the decision making processRelevant costs for decision makingInvestment decisions (investment appraisal)Full (total) costingCost-Volume-Profit AnalysisBudgets and budgetary controlConstruction contract accountingFinancial accounting concepts and conventionsThe financial statements and their interpretationWorking capital managementCash flow forecasts and projected accounts |
Brief description of teaching
and learning methods:
lectures, tutorials, private study |
Contact hours:
| |
Autumn |
Spring |
Summer |
| Lectures |
15 |
|
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| Tutorials/seminars |
5 |
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| Practicals |
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| Other contact (eg study visits) |
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| Total hours |
20 |
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| Number of essays or assignments |
1 |
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| Other (eg major seminar paper) |
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Assessment:
Coursework:
1essay. Marked internally and used to asses student's progress
Relative percentage of coursework : Not a part of final assessment
Examinations:
Part of a three hour written examination paper in April/May
Requirements for a pass:
The students must obtain a mark of at least 40% in each written examination paper and an overall mark of 50% in the University examinations
Reassessment arrangements:
Students who fail to obtain the minimum mark in any paper, or 50% overall are required to re-sit the failed paper in August/September. Such students are, however, permitted to proceed through the summer course phase and dissertation phase of the course. |
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