An Introduction to Financial Management in Construction
Explore financial management and accounting conventions and their importance in the construction industry and other sectors.
Duration
2 weeksWeekly study
3 hours
An Introduction to Financial Management in Construction
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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
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
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.
Who will you learn with?
Senior Lecturer Quantity Surveying/Project Management
Course Director BSc (HON) Quantity Surveying/Commercial Management
Faculty of Engineering & Computing Coventry University
Who developed the course?
Coventry University
Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.
Established
1992Location
Coventry
Learning on FutureLearn
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- Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
- Stay motivated by using the Progress page to keep track of your step completion and assessment scores
Join a global classroom
- Experience the power of social learning, and get inspired by an international network of learners
- Share ideas with your peers and course educators on every step of the course
- Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others
Map your progress
- As you work through the course, use notifications and the Progress page to guide your learning
- Whenever you’re ready, mark each step as complete, you’re in control
- Complete 90% of course steps and all of the assessments to earn your certificate
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Advance your career with a degree
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.
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Develop your ability to apply financial methods for decision-making, asset management and control within construction organisations.
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