Code: 126ECON Economics
Lecturer: doc. Ing. Aleš Tomek CSc. Weekly load: 2P+1C Completion: A, EX
Department: 11126 Credits: 4 Semester: W
Description:
Course is prevailingly oriented on foundations of construction business and economics. It provides the insight to the most important issues of contractor's accounting and finance management. Course targets all the main financial/economic know-how that any manager of the construction company has to have. Courses are supplemented by the real practise experience of both lecturers in construction contracting business and advisory.
Contents:
Introduction to Construction Economics
Construction Financial Management
Construction Accounting
Analysis of Financial Statements
Depreciation, Managing Costs, Managing General Overhead Costs
Profit & Sales Recognition
Profit Center Analysis
Cash Flows for Construction Projects & Companies
Financing a Company's Financial Needs
Tools for Making Financial Decisions
Income Tax & Financial Decisions
Seminar contents:
practicing lecture content, case studies
Recommended literature:
- The Vest Pocket CFO - J.K.Shim, J.G.Siegel, John Wiley and Sons, 3rd ed., 2007
- Construction Accounting and Financial Management - Steven J. Peterson, Pearson Prentice Hall, 2nd ed., 2009
- annual reports of major construction companies, etc.
Keywords:
project & company finance, accounting, financial statements, profit & sales recognition, cash flow, financial analysis

Abbreviations used:

Semester:

Mode of completion of the course:

Weekly load (hours per week):