SOLUTION MANUAL Construction Accounting and Financial Management, 4th Edition By Peterson Chapters (1–18) Completed

SOLUTION MANUAL
Construction Accounting and Financial Management,
4th Edition By Peterson Chapters (1–18) Completed.




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, v v v v

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




The major changes to the fourth edition include the following
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 The business failure rate for construction companies in Chapter 1 have been
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updated.
 Sections on cost segregation and bonus depreciation have been added to Chapter 5.
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 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 7.
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 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 Chapters 8, 9,a
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nd 14. v



 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 incorporate
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provisions 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 co
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mpany have been expanded to cover the entire project (including work done inth
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e prior year) and the calculation of the underbillings/overbillings has been include
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d in Chapter 14.
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 The effects of taxes on decision has been updated in Chapter 18 to incorporate the
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Tax Cuts and Jobs Act.
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The Instructor’s Manual includes a list of learning objectives, instructional hints, suggested
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activities, and resources for each chapter. Files for the figures and tables in the textbook ar
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e found on the instructor’s website. It is my hope that these resources will make it easier fo
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r course instructors to teach the material in a meaningful manner. Because the courses tha
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t use this textbook are quite diverse, it is impossible to organize the chapters into one best
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order. Each instructor should consider his or her individual program and determine which c
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hapters need to be taught and in what order.
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Best wishes, v




Steven J. Peterson, MBA, PE v v v v