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| BCM 53500 - Construction Accounting And Financial Management |
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Credit Hours: 3.00. Accounting techniques, financial methods, and financial management for construction firm management. Analysis techniques for contemporary construction company accounting and finance practice with an emphasis on cash flow analysis and cash management. Typically offered Fall.
3.000 Credit hours Syllabus Available Levels: Undergraduate, Graduate, Professional Schedule Types: Distance Learning, Lecture Offered By: College of Technology Department: Bldg Construction Mgmt Tech Course Attributes: Upper Division May be offered at any of the following campuses: West Lafayette Continuing Ed West Lafayette Learning Outcomes: 1. Identify and explain the use of various revenue recognition methods available to the construction company. 2. Explain the progress billing terms retainage and front loading and discuss the reasons for and against such practice. 3. Identify the accounts applied and their use when the percentage of completion method of accounting is applied. 4. Explain the difference between underbilling and overbilling, discuss why they occur and their impact on cash flow. 5. Apply the following financial analysis techniques to financial statements: line-item analysis, horizontal analysis, vertical analysis, use-source analysis, ratio analysis, cost-volume-profit analysis, and profit center analysis. 6. Prepare the budgeted income statement and develop rates for overhead and profit mark-up, exercise control over company cost, and prepare a cash plan. 7. Apply time value of money principles to various decision making tools when seeking company and project financing and the acquisition of capital assets. |
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