This diploma program is designed to cater for professionals with the basics of construction accounting and the importance of strong financial management in the construction industry.

Topics

  • Introduction to Construction Financial Management
  • Construction Accounting Systems
  • Accounting Transactions
  • Depreciation
  • Analysis of Financial Statements
  • Determining Labor Burden
  • Managing Central Overhead Cost
  • Setting Profit Margin for Bidding
  • Profit Center Analysis
  • Cash Flows for Construction Projects
  • Projecting Income Taxes
  • Cash Flows for Construction Companies
  • Time Value of Money
  • Financing a Company Financial Needs
  • Tools for Making Financial Decisions
  • Income Taxes and Financial Decisions

Overall Learning Outcomes

On completion of this module learners will be able to:

  1. identify basic fundamentals of construction accounting including, but not limited to, job costing with direct/in-direct costs, revenue recognition, union and open-shop payroll calculations, equipment costing, basics of cash management, and liquidity factors.
  2. evaluate basics of risk management including insurance coverage and surety.
  3. assess issues of double entry bookkeeping.
  4. defend the importance of liquidity in the viability and longevity of a construction company.
  5. judge options for entity structure and hypothesize general income tax implications and concerns.
  6. Simulate how to estimate a project to completion, and how to track job costs against original budgets developed from the original estimate for a project.

Course Structure

Executive Diplomas are professional diplomas delivered in a manner that gives you the flexibility to learn at a time and place that suits your personal and work life. You can embark immediately on an Executive Diploma knowing you can fit it into your schedule.

Assessment

There are 50 Multiple Choice Questions (“MCQ”) for each module. If you start an MCQ session, please remember that it will time-out after 1.5 hours. You have three attempts at the MCQ to achieve a pass mark, which is set at 50%.

Admission Criteria

You should show that you will be able to fulfil and benefit from the objectives of the diploma or certificate and be able to achieve the required standards. Although no prior knowledge is required you should normally be at least 16 years old and have the following:

  • Level 2 (QCF) Certificate; or
  • 4 GCSEs at grade C or above; and/or
  • Relevant work experience.

Delivery Mode

Mode A: Fully Taught mode

Available at selected Approved Learning Centers. For each module we recommend that Approved Learning Centers provide at least 48 hours of face to face lectures and tutorials.

Mode B: Blended Learning mode

Available at selected Approved Learning Centers where classes are held plus learners are given a complete set of learning materials to facilitate independent study which can be accessed through our designated Learning Portal.

We recommend that Approved Learning Centers provide between 24and 36 hours of lectures/tutorials and that you spend at least 12 hours learning online.

Mode C: Fully Online mode

Learners are given a complete set of learning materials to facilitate independent study which can be accessed through our designated Learning Portal. For each module we recommend at least 72 hours of online learning.

Location

For the Blended and Fully Taught modes please Contact Us for an Approved Learning Centre near you. Please note we are constantly adding Approved Centers.

Student Learning Time

Executive Diploma should be completed in 6 months.