A pass in previous study level 5 or equivalent.

The aim of this module is to introduce the knowledge and application skills of financial and accounting techniques which will in turn enable learners to appreciate these techniques and the accounting function in the construction industry.

On successful completion of this module a student will be able to:

1 Demonstrate understanding of how financial and accounting conversions are applied to construction.
2 Appraise construction related financial risk and uncertainty to avoid insolvency.
3 Evaluate construction organisations’ financial performance.
4 Appraise construction investment decisions and techniques used for evaluation.
5 Demonstrate knowledge in corporate account analysis.

- financial management in construction and accounting base conventions;
- corporate accounting in projects (Investment appraisal, corporate account analysis, profit and loss balance sheet);
- discounted cash flow analysis and net present value (NPV) and business ratio analysis;
- cash flow analysis, payment and cost analysis;
- depreciation, budgetary control.

Lectures, tutorials, seminars, formative and summative assessments.

Coursework: 50% weighting, 40% pass mark.
Learning Outcomes: 3 & 5.
Outline Details: 2000 word report.

Essay: 50% weighting, 40% pass mark.
Learning Outcomes: 1, 2 & 4.
Outline Details: 2000 word essay.

Formative Assessment: Students will participate in seminars, tutorials and presentations.