Summary

Congratulations on completing this course, An Introduction to Financial Management in Construction.

At the beginning of the course, we explored the idea of why construction companies are so closely linked with insolvency. We then examined the importance of financial management, the role of the project manager and identified the objectives of managing finances.

In the second week, we began by identifying the key terms used in accounting and evaluated the three different accounting rules and regulations which guide the preparation of financial statements used in construction companies.

We hope that you have enjoyed your learning journey to date and feel more confident in your understanding of the unique nature of financial management in construction.