The course is to cover the fundamental principles needed by construction managers to successfully manage the finances of construction companies. These principles include accounting for financial resources, managing costs and profits, managing cash flows and analyzing financial alternatives.

CILO-1: Evaluate financial alternatives using tools such as Present Worth, Future Worth and Annual Worth and Rate of Return. CILO-2: Investigate various problems using the principles of Engineering Economics. CILO-3: Describe, discuss and examine financial statements. CILO-4: Determine and manage various types of costs related to construction projects and perform cost-volume-profit analysis. CILO-5: Describe and explain construction accounting systems including the handling of typical construction-related transactions and the interpretation of financial statements. CILO-6: Perform Cash Flows analysis at both the project and company levels together with identify various ways of financing a company’s financial needs.