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 Assessment
20.00%
Project
20.00%
End of Module Formal Examination
60.00%
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
SETU Carlow Campus reserves the right to alter the nature and timings of assessment