BCN 1721 Construction Accounting and Cost Control

In this course students plot job progress, draw schedules; study cash flow, billing, financing, job ledgers, inventory, collection methods, payroll, overhead, financial statements, balance sheets, income statements, net worth, equipment and property purchases, credit and borrowing principles, term interest, points and closing cost, depreciation, and financial ratios. Students explore the effects on pricing of variation in delivery time, quantities, payment terms, purchase orders, subcontracting, inventory and other aspects of cost control.

3 credits