Construction Accounting and Financial Management – Steven J. Peterson, 4th Edition, Complete Solution Manual (Chapters 1–18)

SOLUTION MANUAL

CONSTRUCTION ACCOUNTING AND FINANCIAL MANAGEMENT,

4TH EDITION STEVEN J. PETERSON

CHAPTERS 1 - 18, COMPLETE NEWEST VERSION




Construction Accounting and Financial Management,
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, CONTENTS
New to the Fourth Edition
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Chapter 1: Construction Financial Management
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Chapter 2: Construction Accounting Systems
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Chapter 3: Accounting Transactions
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Chapter 4: More Construction Accounting
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Chapter 5: Depreciation
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Chapter 6: Analysis of Financial Statements
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Chapter 7: Managing Costs
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Chapter 8: Determining Labor Burden
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Chapter 9: Managing General Overhead Costs
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Chapter 10: Setting Profit Margins for Bidding
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Chapter 11: Profit Center Analysis
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Chapter 12: Cash Flows For Construction Projects
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Chapter 13: Projecting Income Taxes
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Chapter 14: Cash Flows for a Construction Company
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Chapter 15: Time Value of Money
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Chapter 16: Financing a Company’s Financial Needs
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Chapter 17: Making Financial Decisions
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Chapter 18: Income Taxes and Financial Decisions
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Construction Accounting and Financial Management, js js js js

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Construction Accounting and Financial Management,
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, New to the Fourth Edition js js js js




The major changes to the fourth edition include the following
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• The business failure rate for construction companies in Chapter 1 h
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ave beenupdated.js js




• Sections on cost segregation and bonus depreciation have been added to Chapt
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er 5. js




• The discussion of typical median ratios in Chapter 6 has been updated.
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• A section on the monitoring and controlling process has been added to Chapter
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7.
• A section on managing design-build costs has been added to Chapter 7.
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• The wages, social security, and Medicare costs were updated in Chap
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ters 8, 9,and 14. js js js js




• A weekly cash flow problem has been added to Chapter 12.
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• The income tax regulations in Chapter 13 have been updated to inc
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orporateprovisions of The Tax Cuts and Jobs Act passed in Decem
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ber 2017. js




• The project cash flows used to develop an annual cash flow for a constru
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ction company have been expanded to cover the entire project (including
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work done inthe prior year) and the calculation of the underbillings/ove
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rbillings has been included in Chapter 14. js js js js js js




• The effects of taxes on decision has been updated in Chapter 18 to incorp
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orate theTax Cuts and Jobs Act.js js js js js js




The Instructor’s Manual includes a list of learning objectives, instructional hint
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s, suggested activities, and resources for each chapter. Files for the figures and t
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ables in the textbook are found on the instructor’s website. It is my hope that th
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ese resources will make it easier for course instructors to teach the material in a
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meaningful manner. Because the courses that use this textbook are quite diver
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se, it is impossible to organize the chapters into one best order. Each instructor
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should consider his or her individual program and determine which chapters ne
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ed to be taught and in what order.
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Best wishes, js




Steven J. Peterson, MBA, PE js js js js