Module Title:Accounting and Financial Planning and Control
Language of Instruction:English
Credits: 10
NFQ Level:7
Module Delivered In 3 programme(s)
Module Aim: The aim of this subject is to develop a knowledge of the accounting and financial techniques associated with the construction and management of Buildings.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 to demonstrate knowledge and understanding of effective cost control during a construction project
LO2 to prepare financial report and advise management on projects performance based on reports
LO3 to prepare and advise on forecasted budgetary expenditure
LO4 to demonstrate an understanding of the International Accounting Standards Board (IASB)
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
 

Module Content & Assessment

Indicative Content
(1) Introduction to Accounting & Finance
(a) Introduction to accounting and finance (b) Objectives of finance (c) Accounts: financial, management, types of reports, (final accounts, financial reviews) (d) Types of business structures (e) Financing methods - (long and short term)
(2)Financial Statements
(a) Classification of accounts (Assets, Liabilities, Expenses) (b) Overview of accounts preparation (c) Preparation of Financial Reviews and Final accounts (Income Statement and Balance Sheet) with basic adjustments (e.g. Depreciation) (d) Basic Cash flow Statement
(3) Management of Finance
(a) Financing methods (b) Managing Debtors, Creditors, Inventory and Cash
(4) Project and Capital Investment Appraisal
(a) Types of costs analysis ( direct / indirect, variable / fixed) (b) Decision making and relevant costs (d) Methods of project/capital appraisal (payback, ARR, NPV, IRR)
(5)Other Accounting Reports
(a) Preparation of cashflow budgets (b) Construction Contracts (Accounting Standards) (c) Analysis and Reporting of Financial Accounts
Assessment Breakdown%
Continuous Assessment20.00%
Project20.00%
End of Module Formal Examination60.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Examination No Description 1,2,3,4 20.00 Sem 2 End
Project
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Project No Description 1,2,3,4 20.00 Sem 1 End
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam No Description 1,2,3,4 60.00 End-of-Semester

ITCarlow reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 30 Weeks per Stage 3.00
Estimated Learner Hours 30 Weeks per Stage 3.00
Total Hours 180.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_CMFAC_B Bachelor of Science (Honours) in Facilities and Building Services Management 5 Mandatory
CW_CMQSU_B Bachelor of Science (Honours) in Quantity Surveying 5 Mandatory
CW_CMBSE_D Bachelor of Science in Construction Management with Buildings Services 5 Mandatory