Solution Manual For Construction Accounting and Financial Management, 4th Edition by Steven J. Peterson, Verified Chapters 1 - 18, Complete Newest Version

SOLUTION6MANUAL

Construction6Accounting6and6Financial6Manageme
nt,

4th6Edition6Steven6J.6Peterson

Chapters616-618,6Complete6Newest6Version




Construction6Accounting6and6Financial6Management,

, CONTENTS
New6to6the6Fourth6Edition 1

Chapter61:6Construction6Financial6Management 2

Chapter62:6Construction6Accounting6Systems 4

Chapter63:6Accounting6Transactions 7

Chapter64:6More6Construction6Accounting 23

Chapter65:6Depreciation 34

Chapter66:6Analysis6of6Financial6Statements 50

Chapter67:6Managing6Costs 58

Chapter68:6Determining6Labor6Burden 62

Chapter69:6Managing6General6Overhead6Costs 65

Chapter610:6Setting6Profit6Margins6for6Bidding 67

Chapter611:6Profit6Center6Analysis 70

Chapter612:6Cash6Flows6For6Construction6Projects 75

Chapter613:6Projecting6Income6Taxes 87

Chapter614:6Cash6Flows6for6a6Construction6Company 91

Chapter615:6Time6Value6of6Money 93

Chapter616:6Financing6a6Company’s6Financial6Needs 99

Chapter617:6Making6Financial6Decisions 111

Chapter618:6Income6Taxes6and6Financial6Decisions 130




Construction6Accounting6and6Financial6Management,

, iii




Construction6Accounting6and6Financial6Management,

, New6to6the6Fourth6Edition
The6major6changes6to6the6fourth6edition6include6the6following
 The6business6failure6rate6for6construction6companies6in6Chapter616h
ave6been6updated.
 Sections6on6cost6segregation6and6bonus6depreciation6have6been6added6to6Chapt
er65.
 The6discussion6of6typical6median6ratios6in6Chapter666has6been6updated.
 A6section6on6the6monitoring6and6controlling6process6has6been6added6to6Chapter
67.
 A6section6on6managing6design-build6costs6has6been6added6to6Chapter67.
 The6wages,6social6security,6and6Medicare6costs6were6updated6in6Chapt
ers68,69,6and614.
 A6weekly6cash6flow6problem6has6been6added6to6Chapter612.
 The6income6tax6regulations6in6Chapter6136have6been6updated6to6in
corporate6provisions6of6The6Tax6Cuts6and6Jobs6Act6passed6in6Decem
ber62017.
 The6project6cash6flows6used6to6develop6an6annual6cash6flow6for6a6const
ruction6company6have6been6expanded6to6cover6the6entire6project6(includ
ing6work6done6in6the6prior6year)6and6the6calculation6of6the6underbillings
/overbillings6has6been6included6in6Chapter614.
 The6effects6of6taxes6on6decision6has6been6updated6in6Chapter6186to6inco
rporate6the6Tax6Cuts6and6Jobs6Act.
The6Instructor’s6Manual6includes6a6list6of6learning6objectives,6instructional6hints,6
suggested6activities,6and6resources6for6each6chapter.6Files6for6the6figures6and6ta
bles6in6the6textbook6are6found6on6the6instructor’s6website.6It6is6my6hope6that6t
hese6resources6will6make6it6easier6for6course6instructors6to6teach6the6material6i
n6a6meaningful6manner.6Because6the6courses6that6use6this6textbook6are6quite6di
verse,6it6is6impossible6to6organize6the6chapters6into6one6best6order.6Each6instruc
tor6should6consider6his6or6her6individual6program6and6determine6which6chapters
6need6to6be6taught6and6in6what6order.
Best6wishes,
Steven6J.6Peterson,6MBA,6PE