| CODE | CNM5703 | ||||||
| TITLE | Principles of Development Finance and Accounting | ||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||
| MQF LEVEL | 7 | ||||||
| ECTS CREDITS | 5 | ||||||
| DEPARTMENT | Construction and Property Management | ||||||
| DESCRIPTION | The study-unit will cover the fundamentals of financial and management accounting. The format and interpretation of profit and loss accounts and balance sheets are explored. The sources of finance for construction projects are explored within the local context, as well as the formulation of project budgets and the tools for budgetary control. Study-unit Aims 1. To provide students with a basic knowledge of financial and management accounting; 2. To impart students with an understanding of how project accounts integrate with company-wide accounts; 3. To provide students with an understanding of profit and loss accounts and balance sheets; 4. To provide students with the fundamentals of budgeting and budgetary control. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: 1. Demonstrate an understanding of the elements that make up a profit and loss account and balance sheet; 2. Explain the difference between financial and management accounting; 3. Prepare a budget and budgetary control measures in a project based context. 2. Skills: By the end of the study-unit the student will be able to: 1. Analytically assess financial statement; 2. Describe the utility of management accounts to a business concern; 3. Critically appraise the potential sources of finance for an investment initiative. Main Text/s and any supplementary readings Principles of Accounts. Macdonald & Evans Accounting in Business. R J Bull Building Cost planning for the Design Team. Jim Smith & David Jagger Project Finance in construction. Anthony Merna |
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| STUDY-UNIT TYPE | Lecture, Independent Study, Seminar and Tutorial | ||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Ivan Paul Grixti |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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