STANDARD
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CMT 203 - ACCOUNTING AND FINANCIAL MANAGEMENT FOR
BUILDERS
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Course
Description A study of accounting methods and terminology as applied to the
construction industry. Job cost
accounting is presented along with bookkeeping procedures, financial reports,
and analyses. Topics include: journals, ledgers, balance sheets, income
statements, and financial ratios. |
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Competency Areas
Hours |
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- Journals |
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Class/Week |
1 |
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- Ledgers |
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D. Lab/Week |
2 |
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- Income Statements |
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P. Lab/Week |
0 |
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- Financial Ratios |
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Credit Hours |
2 |
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Prerequisites: ACC 101, MAT |
COURSE GUIDE |
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Course
Description A study of accounting methods and terminology as applied to the
construction industry. Job cost
accounting is presented along with bookkeeping procedures, financial reports,
and analyses. Topics include: journals, ledgers, balance sheets, income
statements, and financial ratios. |
Competency
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After
completing this section, the student will: |
Hours
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Class
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D. Lab
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P.Lab
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Journals
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2 |
4 |
0 |
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Journals |
Define a journal. Record transactions in a general journal. Illustrate compound entry recording. |
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Ledgers
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2 |
4 |
0 |
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Ledger transactions |
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Balance Sheets
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2 |
4 |
0 |
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Balance sheet components |
Identify classifications normally used on a balance sheet. |
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Balance sheet preparation |
Prepare a balance sheet. |
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Income Statements
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2 |
4 |
0 |
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Income statement preparation |
Describe the information included on an income statement. Prepare an income statement. |
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Financial Ratios
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2 |
4 |
0 |
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Profit analysis |
Describe the Gross Profit Analysis. |
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Special analysis |
Describe the purpose of management reports and special analysis. |
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Describe typical special analysis and reports used by management. |
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Suggested Resources |
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Baker, G.E. & Miller, R.
(latest edition) Carpentry Fundamentals.
New York: McGraw- |
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Ball, J.E., & Leeke, J. (latest edition). Carpenters and Builders Library (Volumes |
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1-4) New York: Macmillan http://www.macmillan.com/ |
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Drake, G. (latest edition) Everyone’s book of hand and small powered tools. Reston, |
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VA: Reston http://www.reston.com/ |
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Lewis, G. (latest edition) Safety for Carpenters and Woodworkers. Albany, NY: |
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Delmar http://www.delmar.com/
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McDonnel,
L.p. & Kaumeheiwa, A.I. (latest edition) The use of hand woodworking |
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tools. Albany, NY: Delmar http://www.delmar.com/ |
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McDonnel,
L.p. & Kaumeheiwa, A.I. (latest edition) The use of portable power |
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tools. Albany, NY: Delmar http://www.delmar.com/ |
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Meyers, G.D. (latest edition) The carpenter’s toolbox manual. Englewood Cliffs, |
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NJ: Prentice Hall http://www.prenhall.com/ |
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National Center for Construction Education and Research (latest edition). NCCER: |
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Core Curricula: Basic Communication Skills. Englewood Cliffs, NJ: |
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Prentice Hall. http://www.prenhall.com/
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Phelps, J., & Philbin,
T. (Eds.). (latest edition) Complete
building construction. |
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New York: Macmillan http://www.macmillan.com/ |
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Wagner, W.H. (latest edition) Modern carpentry. (rev. ed.) South Holland, IL: |
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Goodheart-Wilcox http://www.irwin-pub.com/high/agencies.htm |
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Wass, A., & Sanders, G.A. (latest edition) Materials and procedures for residential |
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Construction. Reston, VA: Reston. http://www.reston.com/ |