This course is designed to equip project managers with the critical skills and knowledge required to effectively manage resource costs associated with their projects. During this course students should learn accounting concepts and the accounting cycle as they apply to projects, understand and analyse financial statements, plan and manage project revenue and cashflows, engage in project budgeting and project cost control including variance analysis, analyse project financing options, and evaluate capital investment projects. 

Upon successful completion of the requirements for this course, students will be able to:

1. To learn how to analyze, record, and report business transactions of a company;
2. To develop a conceptual framework of accounting, understand the meaning of accounting numbers, and appreciate the role of accounting as an information system and “language of business”;
3. To examine the use of accounting information to make economic decisions;
4. Analyse and provide recommendations to improve the operations of organisations through the application of management accounting techniques;
5. Apply techniques associated with costing systems, cost management systems, budgeting systems and performance measurement systems;
6. Appreciate the need for a balance between financial and non-financial information in decision making, control and performance evaluation applications of management accounting.

• Quizzes 10%
• Mid-term Exam 40%
• Final Examination 50%

Students taking this course are expected to commit at least 12 hours a week (including non-teaching weeks) to completing the work. This will include attending classes, course reading, research, writing and assignment work.

BUSN7008, BUSN8181 and BUSN7031

None

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For further information please refer to the course website