CM 570 Construction Accounting and Engineering Economics

This course provides an extensive overview of financial and managerial accounting concepts for non-financial managers. Students will learn the basic elements of accounting (Generally Accepted Accounting Practices). They will understand how typical financial records and financial statements are established for companies.  Once the basics are understood, students will study how financial data is used for internal cost controlling, planning, and budgeting. Fundamental financial calculations associated with the time value of money, debt instruments, taxes, inflation, and cash flow estimates are emphasized.  Students will be expected to demonstrate proficiency in the use of Excel business functions in solving financial problems.