Requisite(s): 120 credit points of completed study in C10061 Bachelor of Engineering Diploma in Engineering Practice OR 120 credit points of completed study in C10066 Bachelor of Engineering Science OR 120 credit points of completed study in C10067 Bachelor of Engineering
These requisites may not apply to students in certain courses.
There are also course requisites for this subject. See access conditions.
This subject introduces students to the basics of financial control for engineering projects. 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: based on a case study, completion of hands-on computer practical exercises and a final examination.
Autumn semester, City campus
Spring semester, City campus