SOLUTION MANUAL For Construction Accounting and Financial Management, 4th Edition Steven J. Peterson |All Chapters (1 - 18)| Complete Newest Version 2024/2025 A+

SOLUTION MANUAL n




ConstructionAccountingandFinancialManagement,
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4thEditionStevenJ.Peterson
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Chapters1 -18,CompleteNewestVersion
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Construction Accounting and Financial Management,
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, CONTENTS
New tothe Fourth Edition
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Chapter 1:ConstructionFinancialManagement
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Chapter 2:ConstructionAccounting 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 FinancialStatements
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Chapter 7: Managing Costs
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Chapter 8: Determining Labor Burden
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Chapter 9:Managing GeneralOverhead 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: CashFlows for a Construction Company
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Chapter 15: Time Value ofMoney
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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, n n n n

, iii




Construction Accounting and Financial Management,
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, NewtotheFourthEdition n n n n




The major changestothe fourthedition include thefollowing
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 Thebusiness failurerateforconstructioncompanies inChapter 1have be
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enupdated.
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 Sectionsoncost segregationand bonus depreciation have beenadded to Chapter 5. n n n n n n n n n n n n




 Thediscussion oftypical medianratios in Chapter 6 has been updated.
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 Asection onthe monitoring and controllingprocess hasbeenadded to Chapter 7.
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 Asectionon managing design-build costs has been addedto Chapter 7.
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 Thewages, socialsecurity, andMedicare costswereupdated inChapters8,
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9,and 14. n n




 Aweeklycash flow problem has been added to Chapter 12.
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 The incometaxregulations inChapter 13have beenupdatedto incorpora
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teprovisions of The Tax Cuts and Jobs Act passed in December 2017.
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 The project cash flows used to develop an annual cash flow for a construction c
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ompany have beenexpanded to coverthe entireproject (including work done i nthe
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prior year) and the calculation of the underbillings/overbillings has been i ncluded in
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Chapter 14.
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 The effectsoftaxes ondecision has beenupdated inChapter 18to incorporatet heTax
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Cuts and Jobs Act.
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The Instructor’s Manual includes a list of learning objectives, instructional hints, suggest ed
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activities, and resources for each chapter. Files for the figures and tables in the textb ook are
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found on the instructor’s website. It is my hope that these resources will make i t easier for
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course instructors to teach the material in a meaningful manner. Because th e courses that
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use this textbook are quite diverse, it is impossible to organize the chapte rs into one best
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order. Each instructor should consider his or her individual program and determine which
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chapters need to be taught and in what order.
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Best wishes, n




StevenJ. Peterson, MBA, PE n n n n