Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Module Offerings
5501ICBTQS-APR-PAR
5501ICBTQS-JAN-PAR
5501ICBTQS-SEP-PAR
Aims
Aim(s) of the module is to analyse and be aware about the significance of management accountancy for construction business management and administration for the purposes of financial planning, controlling and forecasting.
Learning Outcomes
1.
Identify key management accounting principles, tools and techniques used in management accounting to produce various financial information and make business decisions.
2.
Appraise the financial standing of companies and to assess possible sources of finance and the strategies adopted to manage cash flow and claims.
3.
Demonstrate an in depth understanding of benchmarking and earn value management to achieve the project success.
4.
Apply management accounting information to measure performance of construction business organisations and its employees.
Module Content
Outline Syllabus:Basic Principles of financial accounting and cost accounting
Revenue & Capital Budgeting
NPV
IRR
Inventory Management techniques
Sources of cost data
Financial Planning
Historical Cost Accounting
Cash Flow Analysis
Activity based budgeting
Financial statements: Balance sheets / profit and loss account statements
Break Even Analysis
Analysing financial statements
Organization performance and profitability
Business insolvency advice
Project final accounts
KPIs – financial and non-financial
Financial Benchmarking of organization