| Course Type | Elective Course |
|---|
| Course Level | Master's Degree With Thesis |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 10 |
|---|
| Name of Lecturer(s) |
- |
| Learning Outcomes |
At the end of this course, the students;
- Explain and analyze basic concepts of construction accounting, cost categories, and financial statements,
- Model project cost structures by applying cost estimation, budgeting, and cash-flow planning techniques, and evaluate financial performance,
- Interpret cost variances using cost-control techniques and earned value management and develop financial improvement strategies.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | This course covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. Additionally, it covers additional financial responsibilities such as cost estimates, change orders, and project close-out. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to construction accounting and key concepts |
|
2nd Week |
Analysis of financial statements and financial indicators |
|
3rd Week |
Cost categories and cost flow in construction projects |
|
4th Week |
Cost estimation methods and budgeting processes |
|
5th Week |
Cash flow management and financial planning |
|
6th Week |
Equipment costs, depreciation, and operating expenses |
|
7th Week |
Earned value management and performance measurement |
|
8th Week |
Midterm |
|
9th Week |
Cost control techniques and variance analysis |
|
10th Week |
Progress payments, pay applications, and contract-related financial processes |
|
11th Week |
Change orders, additional costs, and financial impacts of project risks |
|
12th Week |
Project closeout, cost evaluation, and financial reporting |
|
13th Week |
Taxation, auditing, and financial compliance requirements |
|
14th Week |
Financial decision-making, capital management, and profitability analysis |
|
15th Week |
Case studies and financial management applications in construction |
|
| Recommended or Required Reading | 1. Holm, L. (2018). Cost Accounting and Financial Management for Construction Project Managers, 1st Edition, Routledge. |
|---|
| Planned Learning Activities and Teaching Methods |
- Lecture
- Questions/Answers
- Presentation
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
30 |
| Assignment |
1 |
10 |
| Quiz |
1 |
20 |
| Total(%) |
|
60 |
| Contribution of In-term Studies to Overall Grade(%) |
|
60 |
| Contribution of Final Examination to Overall Grade(%) |
|
40 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
1 |
50 |
50 |
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
80 |
80 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
60 |
60 |
| Laboratory (including preparation) |
|
|
|
| Final exam |
1 |
2 |
2 |
| Homework |
1 |
20 |
20 |
| Quiz |
1 |
2 |
2 |
| Total Work Load | 300 |
| Total Work Load / 30 (h) | 10 |
| ECTS Credit of the Course | 10 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
