Construction Accounting and Financial Management,
4th Edition Steven J. Peterson
Chapters 1 - 18, Complete Newest Version
ConstructionhAccountinghandhFinancialhManagement,
, CONTENTS
NewhtohthehFourthhEdition 1
Chapterh1:hConstructionhFinancialhManagement 2
Chapterh2:hConstructionhAccountinghSystems 4
Chapterh3:hAccountinghTransactions 7
Chapterh4:hMorehConstructionhAccounting 23
Chapterh5:hDepreciation 34
Chapterh6:hAnalysishofhFinancialhStatements 50
Chapterh7:hManaginghCosts 58
Chapterh8:hDetermininghLaborhBurden 62
Chapterh9:hManaginghGeneralhOverheadhCosts 65
Chapterh10:hSettinghProfith MarginshforhBidding 67
Chapterh11:hProfith CenterhAnalysis 70
Chapterh12:hCashhFlowshForhConstructionhProjects 75
Chapterh13:hProjectinghIncomehTaxes 87
Chapterh14:hCashhFlowshforhahConstructionhCompany 91
Chapterh15:hTimehValuehofhMoney 93
Chapterh16:hFinancinghahCompany’shFinancialhNeeds 99
Chapterh17:hMakinghFinancialhDecisions 111
Chapterh18:hIncomehTaxeshandhFinancialhDecisions 130
ConstructionhAccountinghandhFinancialhManagement,
, iii
ConstructionhAccountinghandhFinancialhManagement,
, New to the Fourth Edition
h h h h
Thehmajorhchangeshtohthehfourthheditionhincludehthehfollowing
ThehbusinesshfailurehratehforhconstructionhcompanieshinhChapterh1hhavehbee
nhupdated.
SectionshonhcosthsegregationhandhbonushdepreciationhhavehbeenhaddedhtohChapterh5.
ThehdiscussionhofhtypicalhmedianhratioshinhChapterh6hhashbeenhupdated.
AhsectionhonhthehmonitoringhandhcontrollinghprocesshhashbeenhaddedhtohChapterh7.
Ahsectionhonhmanaginghdesign-buildhcostshhashbeenhaddedhtohChapterh7.
Thehwages,hsocialhsecurity,handhMedicarehcostshwerehupdatedhinhChaptersh8,h9,h
andh14.
AhweeklyhcashhflowhproblemhhashbeenhaddedhtohChapterh12.
ThehincomehtaxhregulationshinhChapterh13hhavehbeenhupdatedhtohincorporat
ehprovisionshofhThehTaxhCutshandhJobshActhpassedhinhDecemberh2017.
Thehprojecthcashhflowshusedhtohdevelophanhannualhcashhflowhforhahconstructionhco
mpanyhhavehbeenhexpandedhtohcoverhthehentirehprojecth(includinghworkhdonehinht
hehpriorhyear)handhthehcalculationhofhthehunderbillings/overbillingshhashbeenhinclu
dedhinhChapterh14.
TheheffectshofhtaxeshonhdecisionhhashbeenhupdatedhinhChapterh18htohincorporatehth
ehTaxhCutshandhJobshAct.
ThehInstructor’shManualhincludeshahlisthofhlearninghobjectives,hinstructionalhhints,hsuggeste
dhactivities,handhresourceshforheachhchapter.hFileshforhthehfigureshandhtableshinhthehtextboo
kharehfoundhonhthehinstructor’shwebsite.hIthishmyhhopehthaththesehresourceshwillhmakehitheas
ierhforhcoursehinstructorshtohteachhthehmaterialhinhahmeaningfulhmanner.hBecausehthehcour
seshthathusehthishtextbookharehquitehdiverse,hithishimpossiblehtohorganizehthehchaptershintoh
onehbesthorder.hEachhinstructorhshouldhconsiderhhishorhherhindividualhprogramhandhdetermi
nehwhichhchaptershneedhtoh behtaughthandhinhwhathorder.
Besthwishes,
StevenhJ.hPeterson,hMBA,hPE