Course Content and Outcomes Guides (CCOG)

CCOG for BCT 207 archive revision 201403

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Effective Term:
Summer 2014 through Fall 2021

Course Number:
BCT 207
Course Title:
Construction Job Costing
Credit Hours:
3
Lecture Hours:
30
Lecture/Lab Hours:
0
Lab Hours:
0

Course Description

Traces the construction dollar flow from time sheet to balance sheet. Emphasizing microcomputer methods, students are introduced to construction related financial documents: including "schedule of values", labor and operations cost reports, and construction budgets. Concepts such as unit analysis, job costing, and development of historic costs, life cycle costing and change order analysis are explored. Audit available.

Intended Outcomes for the course

  1. Be able to comply with State and Federal payroll and tax reporting laws.
  2. Read and Understand a Job Cost Report
  3. Read and Understand a Equipment Cost Report
  4. Read and Understand a Cash Flow Statement
  5. Understand what types of information can be generated from a Job Costing system, who should get this information and in what form.
  6. Create and maintain job files

Outcome Assessment Strategies

Create Job Cost reports for the Project Superintendent and one of the following:

  1. Project Manager
  2. Lender
  3. CEO of the Construction Company
  4. Estimator
  5. CPA
  6. Sales Tax authorities

Work collaboratively to successfully complete a "Mastery Project" which will represent the culmination of the concepts, principles, and strategies necessary to achieve the course outcomes. The mastery project may include, but is not limited to the following activities:

  1. Setup a Corporate General Ledger Chart of Accounts
  2. Setup Job Costing Coding Structure
  3. Setup Equipment Costing Coding Structure
  4. Setup Payroll (Employee Info, Tax Tables, etc.)
  5. Enter Timesheets
  6. Enter Invoices
  7. Print payroll checks
  8. Print Accounts Payable (A/P) checks
  9. Print Financials
  10. Print Job Cost Reports
  11. Print Equipment Cost Reports
  12. Create a Progress Billing

Course Content (Themes, Concepts, Issues and Skills)

Themes, issues and concepts:
 

  1. Earned Value Report
  2. Job Cost Report
  3. Cost to Complete Analysis
  4. Debits & Credits
  5. Cash Flow
  6. Job Costing
  7. Billing Forms (AIA G702 & G703 other Progress Billing Forms)
  8. Direct, Indirect and Overhead Costs
  9. Historical Data
  10. Unit Analysis
  11. Customizing a Job Cost system to match the firm and type of work
  12. Reconciliation of Job Costs to the General Ledger
  13. Equipment Costs
  14. Inventory
  15. Small Tools
  16. Allocation of Indirect and Overhead Costs
  17. Chart of Accounts
  18. Computerized Job Costing
  19. Payroll
  20. Insurance Expiration


Process Skills:

  1. Critical Thinking
  2. Create summarized Job Costing estimates from a detailed estimate.
  3. Analyze accounting transactions
  4. Coding cost information (invoices, timesheets, etc.) for use in Job Costing
  5. Organizational Skills
  6. Allocating Payroll Burden
  7. Interpreting Financial Statements
  8. Interpreting Job Cost reports