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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.

ProfessorJim C Myers, CPAJim C Myers, CPAStats Credits 3 Offered* Fall On-Campus, Summer Online


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

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Offered: Fall On-Campus, Summer 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.