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Areas of Study

CEN421 Constr, Acct, Finance and Law

Lead Faculty: Dr. Shekar Viswanathan

Course Description

This course applies the principles of business accounting and financial principles and engineering economics to the construction industry. Construction accounting systems, depreciation and financial analysis are introduced. Labor, overhead, and profit management are presented. Cash flow, time value of money, and legal aspects specific to construction industry contracts are introduced.

Learning Outcomes

  • Understand the principles of construction financial management.
  • Apply and utilize construction accounting systems.
  • Understand accounting transactions and depreciation.
  • Analyze construction financial statements.
  • Understand cost management for labor, overhead and profit.
  • Utilize computer software for construction accounting and finance.
  • Understand legal aspects specific to construction industry contracting.

Prerequisite