This course is an introduction to financial and contract management for technical managers. Topics include financial and management accounting (including elementary accounting principles, assets, liabilities, and stockholders' equity); direct and indirect costs, revenues, and profits; indices to financial position; use of financial reports; return on investment, net present value; internal rate of return; and financial management (including cash and funds flow statements). An introduction to the principles of contract formation is presented highlighting the distinctive characteristics of contracting with the federal government as well as the team concept for effective contracting and the role of the program manager as a key team member. Subcontract management, competitive negotiation techniques, contract financing, and cost reimbursement are also included. Case studies supplement theoretical discussions.
Langhauser, Warner, Wyant