Understand the need for financial management in the construction industry
Which projects should a firm or individual invest their money in? How can you find out a company’s profit at the end of the year? How should this investment be financed? How can you tell how healthy a company is?
This course introduces you to the key concepts of financial management and will prepare you for more advanced study of managing finance. You will be encouraged to develop a critical understanding of the key financial questions which are faced by directors, construction and project managers of firms.
What topics will you cover?
- Overview of financial management in construction
- Overview of accounting conventions
- Interpretation of financial statements
When would you like to start?
Date to be announced
What will you achieve?
By the end of the course, you‘ll be able to...
- Evaluate the importance of financial management in the construction industry
- Identify the role of construction and project managers in managing project finances
- Evaluate basic accounting conventions and principles which guide the preparation of financial statements
Who is the course for?
This course is for people working in or studying the built environment. This might be students, recent graduates or construction professionals engaged in construction cost and project management, civil and structural engineering, architectural technology, surveying and building services engineering.
Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.
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What's different about this course?
Since 2017 you have been able to take a degree on FutureLearn. This free course is a bit like a starter course for a degree — it should give you a flavour of the degree subject but can also be your first step towards a degree qualification.
If you enjoy this course you can apply to join the program it’s part of to start working towards a degree on FutureLearn.
Don’t worry, you can still take the course without doing a full degree!
How do degrees work on FutureLearn?
Which program and degree is this course part of?
This course is part of the program Financial and Asset Management, which is one of the building blocks that leads to degrees in MSc Construction Project and Cost Management and MSc Construction Management with BIM.
Develop your ability to apply financial methods for decision-making, asset management and control within construction organisations.
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