Why ENCE 661

Too many talented, technically-experienced engineers and architects have never been able to realize the financial success that should follow with their expertise. In a nut shell, this course teaches you how to maximize the financial benefits that should come from years of devotion to your professional practice.

Jim C Myers, CPA Credits 3 Offered^* Spring On-Campus, Spring Online

Topics

Fundamentals of accounting

Understanding the basics & reading corporate financial statements

Fundamentals of project cost accounting

Applications and impact on profitability

Principles of project costing, cash management, & budgeting

Framework for using an effective project cost system

How projects are financed

Potential impact financing has on projects

Student Feedback

“I liked the professor's demeanor and approach. He made learning the material very digestible. The exams were fair and measured our knowledge of the topic. Good class all around.” Fall 2020
“This course was laid out very well. It was not just theory, we had many great real-world examples to match the topics learned that I can take and use in the workplace.” Fall 2020
“I liked the fact that the professor is direct with teaching. He tells you what you need to know for the case studies and the exams. His teaching style involved a lot of real world examples that made the class more interesting.” Fall 2020
“I appreciated that everything was presented in a clear manner and the assignments reflected the material learned in class. I especially liked comparing results to industry standards to determine if a firm is ahead or behind.” Fall 2020
“I enjoyed the professor's knowledge of the course material that made the lectures interesting and engaging. The in-class examples and activities were very effective in assisting the course material.” Fall 2019
“I loved that if i couldn't reach the professor the TA's were every responsive. I enjoyed the case study and the homework assignments. They were all real life situations and encouraged me to learn more.” Fall 2019

Schedule

Offered: Spring On-Campus, Spring Online^*

Week 1Fundamental accounting terms & conceptsWeek 2Using & understanding financial statementsWeek 3Cash managementWeek 4Cost accounting terms & conceptsWeek 5Using cost accounting informationWeek 6Fee estimation & negotiationWeek 7Financing, liabilities, & debtWeek 8Tax accountingWeek 9Using business consultantsWeek 10Strategic planningWeek 11Firm valuation

^*All course content, including schedule, topics, and books are subject to change semester-to-semester. Course costs are dependent on students' individual situations, including but not limited to, online vs on-campus enrollment, in-state vs out-of-state enrollment, and scholarships. Not all books on this page may be required readings and additional readings may be assigned. Please check the UMD Schedule of Classes for most up to date semester offerings. Instructors give students specific semester details once they are enrolled.

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