49098 Engineering Financial Control

6cp
Requisite(s): 120 credit points of completed study
These requisites may not apply to students in certain courses.
There are also course requisites for this subject. See access conditions.
Postgraduate
Subject coordinator: Peter Pastars

This subject introduces students to the basics of cost control for project management. A project plan is created and populated with material and labour costs. A chart of accounts is then created for the project and accounting transactions are entered to demonstrate the double-entry accounting system. The project is tracked over a series of months to create an income statement. The individual project is then consolidated into the company accounts to show the effect on the company's income statement, balance sheet and cash flow statements. The concepts of project budgeting and cost accumulation systems are introduced.

Assessment: Assessment is based on a case study, completion of hands-on practical computer exercises and a final examination.

Typical availability

Autumn semester, City campus
Spring semester, City campus
Summer session, China
Summer session, Hong Kong
Summer session, Taiwan

Fee information

2006 contribution for 2005/06 commencing Commonwealth-supported undergraduate students: $872.38
2006 amount for undergraduate domestic fee-paying students: $2,400.00
Subject EFTSL: 0.125
Note: The above fees are applicable in 2006 for 2005/06 commencing Commonwealth-supported and domestic fee-paying undergraduate students only. Pre-2005 Commonwealth-supported undergraduate students should consult the Student contribution charges for Commonwealth supported students webpage.
Not all students are eligible for Commonwealth supported places, and not all subjects are available to Commonwealth supported students. Other students (such as postgraduate students and international students) should refer to the Fees webpage.

Access conditions

Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at Access conditions and My Student Admin.