SOLUTION MANUAL Construction Accounting and Financial Management, 4th Edition Steven J. Peterson Chapters 1 - 18, Complete Newest Version

SOLUTION MANUAL

Construction Accounting and Financial Management,

4th Edition Steven J. Peterson

Chapters 1 - 18, Complete Newest Version




ConstructionoAccountingoandoFinancialoManagement,

, CONTENTS
NewotootheoFourthoEdition 1

Chaptero1:oConstructionoFinancialoManagement 2

Chaptero2:oConstructionoAccountingoSystems 4

Chaptero3:oAccountingoTransactions 7

Chaptero4:oMoreoConstructionoAccounting 23

Chaptero5:oDepreciation 34

Chaptero6:oAnalysisoofoFinancialoStatements 50

Chaptero7:oManagingoCosts 58

Chaptero8:oDeterminingoLaboroBurden 62

Chaptero9:oManagingoGeneraloOverheadoCosts 65

Chaptero10:oSettingoProfitoMarginsoforoBidding 67

Chaptero11:oProfitoCenteroAnalysis 70

Chaptero12:oCashoFlowsoForoConstructionoProjects 75

Chaptero13:oProjectingoIncomeoTaxes 87

Chaptero14:oCashoFlowsoforoaoConstructionoCompany 91

Chaptero15:oTimeoValueoofoMoney 93

Chaptero16:oFinancingoaoCompany’soFinancialoNeeds 99

Chaptero17:oMakingoFinancialoDecisions 111

Chaptero18:oIncomeoTaxesoandoFinancialoDecisions 130




ConstructionoAccountingoandoFinancialoManagement,

, iii




ConstructionoAccountingoandoFinancialoManagement,

, New to the Fourth Edition
o o o o




Theomajorochangesotootheofourthoeditionoincludeotheofollowing
 TheobusinessofailureorateoforoconstructionocompaniesoinoChaptero1ohaveobe
enoupdated.
 SectionsoonocostosegregationoandobonusodepreciationohaveobeenoaddedotooChaptero5.
 TheodiscussionoofotypicalomedianoratiosoinoChaptero6ohasobeenoupdated.
 AosectionoonotheomonitoringoandocontrollingoprocessohasobeenoaddedotooChaptero7.
 Aosectionoonomanagingodesign-buildocostsohasobeenoaddedotooChaptero7.
 Theowages,osocialosecurity,oandoMedicareocostsowereoupdatedoinoChapterso8,o
9,oando14.
 AoweeklyocashoflowoproblemohasobeenoaddedotooChaptero12.
 TheoincomeotaxoregulationsoinoChaptero13ohaveobeenoupdatedotooincorpor
ateoprovisionsoofoTheoTaxoCutsoandoJobsoActopassedoinoDecembero2017.
 Theoprojectocashoflowsousedotoodevelopoanoannualocashoflowoforoaoconstructiono
companyohaveobeenoexpandedotoocoverotheoentireoprojecto(includingoworkodon
eoinotheoprioroyear)oandotheocalculationoofotheounderbillings/overbillingsohasobee
noincludedoinoChaptero14.
 TheoeffectsoofotaxesoonodecisionohasobeenoupdatedoinoChaptero18otooincorporateo
theoTaxoCutsoandoJobsoAct.
TheoInstructor’soManualoincludesoaolistoofolearningoobjectives,oinstructionalohints,osugges
tedoactivities,oandoresourcesoforoeachochapter.oFilesoforotheofiguresoandotablesoinotheotext
bookoareofoundoonotheoinstructor’sowebsite.oItoisomyohopeothatotheseoresourcesowillomak
eoitoeasieroforocourseoinstructorsotooteachotheomaterialoinoaomeaningfulomanner.oBecause
otheocoursesothatouseothisotextbookoareoquiteodiverse,oitoisoimpossibleotooorganizeotheoch

aptersointoooneobestoorder.oEachoinstructoroshouldoconsiderohisooroheroindividualoprogra
moandodetermineowhichochaptersoneedotoobeotaughtoandoinowhatoorder.
Bestowishes,
StevenoJ.oPeterson,oMBA,oPE