Academic Catalog 2023–2024

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Courses

ICM611 Accounting and Finance in International Construction

[3–0, 3 cr.]

Construction accounting systems, accounting transactions, currency exchanges and currency devaluations, depreciation, profit margins, and profit center analysis. Cash flows in construction projects, taxes, and time value of money. Financing the construction company’s financial needs. Contract administration, record keeping and reporting, electronic project administration systems across time zones, using specifications in contract administration. Meetings and negotiations; measurement and payment.