BCN 1721

Construction Accounting and Cost Control

The student plots job progress, draw schedules; studies 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. The student studies the effects on pricing of variation in delivery time, quantities, payment terms, purchase orders, subcontracting, inventory and other aspects of cost control.

Units: 3.0