This course is an introduction to the basic principles of accounting and to the importance in construction management. General accounting concepts, balance sheet and income statement, principles of cost and construction accounting, accounting for budget and program will be taught. The course includes the knowledge about basic management functions, planning organization, scheduling, and control of construction projects; the role of the architect in the society, codes and basic laws, finance, time value for money, value increase, investment and feasibility; contracts; general management rules; managerial decisions, planning, coordination, control of an organization; accounting; construction management; analyses of work, programming, and control of performance, site organization, bill of quantities, estimating, and progress payment. Furthermore, client and trade relations are emphasized.