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Michigan State University
Michigan State University Logo

Financial Accounting for Construction Projects 
offered by Michigan State University

  • Public University
  • Institute Icon5300 acre campus
  • Estd. 1855

Financial Accounting for Construction Projects
 at 
Michigan State University 
Overview

Gain a comprehensive overview of the financial accounting principles and concepts

Duration

4 weeks

Mode of learning

Online

Schedule type

Self paced

Official Website

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Course Level

UG Certificate

Financial Accounting for Construction Projects
 at 
Michigan State University 
Highlights

  • Earn a certification after completion
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Financial Accounting for Construction Projects
 at 
Michigan State University 
Course details

Skills you will learn
Financial InstrumentsBudgetingValuationFinancial modellingAccountingForecasting
Who should do this course?
  • Those responsible for overall financial management within a construction company would benefit from understanding how to apply accounting principles specifically to construction projects
What are the course deliverables?
  • Students will gain a comprehensive understanding of the principles and practices involved in managing costs throughout the lifecycle of construction projects, including budgeting, forecasting, and variance analysis.
  • Learners will be able to apply fundamental accounting principles, such as revenue recognition, expense allocation, and asset valuation, to the unique context of construction projects.
  • Students will develop a deep understanding of various types of construction contracts and how they impact revenue recognition, including percentage of completion method, completed contract method, and cost-to-cost method.
  • Participants will learn how to prepare and interpret financial statements specific to construction projects, including income statements, balance sheets, and cash flow statements, with a focus on transparency and compliance with relevant accounting standards.
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More about this course
  • Financial Accounting for Construction Projects will introduce you to the accounting techniques used for construction projects, with an emphasis on how they differ from the practices used in other industries
  • The course will teach you about the different financial instruments used for accounting in construction projects, including balance sheets and income statements.
  • You will also learn how accounting works across the business cycle as well as methods for calculating income, expenses and revenue
  • The course culminates with the creation of annual financial statements for a simulated construction project

Financial Accounting for Construction Projects
 at 
Michigan State University 
Curriculum

Introduction to Construction Accounting

Overview of construction industry and its financial peculiarities

Importance of financial accounting in construction projects

Construction Contracts and Revenue Recognition

Types of construction contracts

Revenue recognition methods

Construction Cost Estimation and Budgeting

Principles of cost estimation in construction projects

Budget development and monitoring techniques

Construction Project Financing

Sources of project financing

Financial modeling for construction projects

Faculty Icon

Financial Accounting for Construction Projects
 at 
Michigan State University 
Faculty details

Vineet Kamat Professor
Professor Civil and Environmental Engineering

Financial Accounting for Construction Projects
 at 
Michigan State University 
Entry Requirements

Eligibility criteriaUp Arrow Icon
Conditional OfferUp Arrow Icon
  • Not mentioned

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Financial Accounting for Construction Projects
 at 
Michigan State University 
Contact Information

Address

220 Trowbridge Rd, East Lansing, MI 48824, United States

East Lansing ( Michigan)

Phone
(517) 353-1720
Email
oiss@msu.edu
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