Introduction to Accounting and Finance for Civil Engineers

2,000.00

Prof. Sudhir Misra
Prof. K.N. Jha

IIT Kanpur

*Additional GST and optional Exam fee are applicable.

SKU: IIT Kanpur Category:

Description

With the changing paradigm of the construction industry, and introduction of different contracting models, with the government trying to play more of a regulatory role and withdrawing from financial commitments, and the space being occupied by financial institutions, civil engineers in the modern day are expected to be familiar with basic accounting and finance. This aspect is almost completely missing from any curriculum in civil engineering and hence there is a need to make relevant material available in an online course, which students and practicing engineers can refer to at their convenience.
Regular assignments and a final test will also be uploaded along with solutions as may be required.

INTENDED AUDIENCE

Undergraduate and graduate students of civil engineering are the primary targeted audience. Young practicing engineers and engineering students from other departments may also find it very useful

INDUSTRY SUPPORT

All construction and consulting companies in the area of planning, design and construction of infrastructure projects. The material will also be useful for companies engaged in BOOT and other models of working with projects, especially in the highway sector.

ABOUT THE INSTRUCTOR

Prof. Sudhir Misra is Professor at the Department of Civil Engineering, Indian Institute of Technology Kanpur and has a keen interest in concrete materials, construction and engineering. He has worked with consulting and construction companies also during his 35 years of professional experience, and also led the effort to initiate a graduate programme in Infrastructure Engineering and Management at IIT Kanpur. He has been a member of committees of the BIS and also worked with professional organizations in Japan and India. His research interests include durability and non-destructive testing of concrete and development and utilization of special concretes. A lecture module of Concrete Engineering and Technology by him is also available online under the NPTEL scheme of the Government of India.

Dr. Kumar Neeraj Jha is with the Department of Civil Engineering, Indian Institute of Technology Delhi. He started his career with Larsen and Toubro Ltd and was instrumental in successful completion of a number of construction projects of national importance. He has published more than 80 papers in a number of international and national journals and conference proceedings. He has supervised 4 PhD Students and more than 60 M.Tech. students.
His book on Construction Project Management published by Pearson Education, Formwork for Concrete Structures published by Tata McGraw Hill and Determinantes of construction project success in India published by Springer is widely accepted as a text book in different universities. He teaches various courses in construction technology and management. He has conducted a number of training programs for industry and has also been involved with a number of consultancy projects.

Additional information

Institute

IITK

Total hours

20

Certification Process

1. Join the course
Learners may pay the applicable fees and enrol to a course on offer in the portal and get access to all of its contents including assignments. Validity of enrolment, which includes access to the videos and other learning material and attempting the assignments, will be mentioned on the course. Learner has to complete the assignments and get the minimum required marks to be eligible for the certification exam within this period.

COURSE ENROLMENT FEE: The Fee for Enrolment is Rs. 2000 + GST

2. Watch Videos+Submit Assignments
After enrolling, learners can watch lectures and learn and follow it up with attempting/answering the assignments given.

3. Get qualified to register for exams
A learner can earn a certificate in the self paced course only by appearing for the online remote proctored exam and to register for this, the learner should get minimum required marks in the assignments as given below:

CRITERIA TO GET A CERTIFICATE
Assignment score = Score more than 50% in at least 6/8 assignments.
Exam score = 50% of the proctored certification exam score out of 100
Only the e-certificate will be made available. Hard copies will not be dispatched.”

4. Register for exams
The certification exam is conducted online with remote proctoring. Once a learner has become eligible to register for the certification exam, they can choose a slot convenient to them from what is available and pay the exam fee. Schedule of available slot dates/timings for these remote-proctored online examinations will be published and made available to the learners.

EXAM FEE: The remote proctoring exam is optional for a fee of Rs.1500 + GST. An additional fee of Rs.1500 will apply for a non-standard time slot.

5. Results and Certification
After the exam, based on the certification criteria of the course, results will be declared and learners will be notified of the same. A link to download the e-certificate will be shared with learners who pass the certification exam.

CERTIFICATE TEMPLATE

Course Details

Week 1 : Basic Accounting and concepts in finance; Book keeping: definitions, objectives, elements, journal and ledger.
Week 2 :  Accounting & Concepts in Finance I: definitions, objectives, characteristics, limitations, basic terms; GAAP (Generally Accepted Accounting Principles)
Week 3 : Accounting & Concepts in Finance II: Systems of accounting, cash book, bank book, depreciation; provisions, reserves, accounting equation, journal & ledger entries,trial balance, profit & loss; account,balance sheet, cash flow statement)
Week 4 : Analysis of financial statements I: Financial leverage, financial ratios
Week 5 : Analysis of financial statements II: Significance and applications
Week 6 : Financial planning including capital budgeting I: Definition, financial planning options and objectives, time value of money
Week 7 :  Financial planning including capital budgeting II: simple and compound  interest, rule of 72, methods of capital budgeting – payback period
Week 8 : Financial planning including capital budgeting III: Accounting rate of return (ARR), net present value (NPV), internal rate of return (IRR)

Books and References

[1] Theusen G.J., Fabrycky W.J., Engineering Economy, 9th Edition, Prentice-Hall, Inc., New Delhi, India, 2001.
[2] Crundwell F.K., Finance for Engineers-Evaluation and Funding of Capital Projects, Springer, London, UK, 2008. (ISBN 978-1-84800-032-2).
[3] Jha K.N., Construction Project Management- Theory and practice, 2nd Edition, Pearson India Education Services Pvt. Ltd., UP, India 2015.

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