SOLUTION,MANUAL
Construction,Accounting,and,Financial,Management,
4th,Edition,Steven,J.,Peterson
Chapters,1,-,18,,Complete,Newest,Version
Construction,Accounting,and,Financial,Management,
, CONTENTS
New,to,the,Fourth,Edition 1
Chapter,1:,Construction,Financial,Management 2
Chapter,2:,Construction,Accounting,Systems 4
Chapter,3:,Accounting,Transactions 7
Chapter,4:,More,Construction,Accounting 23
Chapter,5:,Depreciation 34
Chapter,6:,Analysis,of,Financial,Statements 50
Chapter,7:,Managing,Costs 58
Chapter,8:,Determining,Labor,Burden 62
Chapter,9:,Managing,General,Overhead,Costs 65
Chapter,10:,Setting,Profit,Margins,for,Bidding 67
Chapter,11:,Profit,Center,Analysis 70
Chapter,12:,Cash,Flows,For,Construction,Projects 75
Chapter,13:,Projecting,Income,Taxes 87
Chapter,14:,Cash,Flows,for,a,Construction,Company 91
Chapter,15:,Time,Value,of,Money 93
Chapter,16:,Financing,a,Company’s,Financial,Needs 99
Chapter,17:,Making,Financial,Decisions 111
Chapter,18:,Income,Taxes,and,Financial,Decisions 130
Construction,Accounting,and,Financial,Management,
, iii
Construction,Accounting,and,Financial,Management,
, New,to,the,Fourth,Edition
The,major,changes,to,the,fourth,edition,include,the,following
The,business,failure,rate,for,construction,companies,in,Chapter,1,have,bee
n,updated.
Sections,on,cost,segregation,and,bonus,depreciation,have,been,added,to,Chapter,5.
The,discussion,of,typical,median,ratios,in,Chapter,6,has,been,updated.
A,section,on,the,monitoring,and,controlling,process,has,been,added,to,Chapter,7.
A,section,on,managing,design-build,costs,has,been,added,to,Chapter,7.
The,wages,,social,security,,and,Medicare,costs,were,updated,in,Chapters,8,,
9,,and,14.
A,weekly,cash,flow,problem,has,been,added,to,Chapter,12.
The,income,tax,regulations,in,Chapter,13,have,been,updated,to,incorpora
te,provisions,of,The,Tax,Cuts,and,Jobs,Act,passed,in,December,2017.
The,project,cash,flows,used,to,develop,an,annual,cash,flow,for,a,construction,c
ompany,have,been,expanded,to,cover,the,entire,project,(including,work,done,i
n,the,prior,year),and,the,calculation,of,the,underbillings/overbillings,has,been,i
ncluded,in,Chapter,14.
The,effects,of,taxes,on,decision,has,been,updated,in,Chapter,18,to,incorporate,t
he,Tax,Cuts,and,Jobs,Act.
The,Instructor’s,Manual,includes,a,list,of,learning,objectives,,instructional,hints,,suggest
ed,activities,,and,resources,for,each,chapter.,Files,for,the,figures,and,tables,in,the,textb
ook,are,found,on,the,instructor’s,website.,It,is,my,hope,that,these,resources,will,make,i
t,easier,for,course,instructors,to,teach,the,material,in,a,meaningful,manner.,Because,th
e,courses,that,use,this,textbook,are,quite,diverse,,it,is,impossible,to,organize,the,chapte
rs,into,one,best,order.,Each,instructor,should,consider,his,or,her,individual,program,and
,determine,which,chapters,need,to, be,taught,and,in,what,order.
Best,wishes,
Steven,J.,Peterson,,MBA,,PE
Construction,Accounting,and,Financial,Management,
4th,Edition,Steven,J.,Peterson
Chapters,1,-,18,,Complete,Newest,Version
Construction,Accounting,and,Financial,Management,
, CONTENTS
New,to,the,Fourth,Edition 1
Chapter,1:,Construction,Financial,Management 2
Chapter,2:,Construction,Accounting,Systems 4
Chapter,3:,Accounting,Transactions 7
Chapter,4:,More,Construction,Accounting 23
Chapter,5:,Depreciation 34
Chapter,6:,Analysis,of,Financial,Statements 50
Chapter,7:,Managing,Costs 58
Chapter,8:,Determining,Labor,Burden 62
Chapter,9:,Managing,General,Overhead,Costs 65
Chapter,10:,Setting,Profit,Margins,for,Bidding 67
Chapter,11:,Profit,Center,Analysis 70
Chapter,12:,Cash,Flows,For,Construction,Projects 75
Chapter,13:,Projecting,Income,Taxes 87
Chapter,14:,Cash,Flows,for,a,Construction,Company 91
Chapter,15:,Time,Value,of,Money 93
Chapter,16:,Financing,a,Company’s,Financial,Needs 99
Chapter,17:,Making,Financial,Decisions 111
Chapter,18:,Income,Taxes,and,Financial,Decisions 130
Construction,Accounting,and,Financial,Management,
, iii
Construction,Accounting,and,Financial,Management,
, New,to,the,Fourth,Edition
The,major,changes,to,the,fourth,edition,include,the,following
The,business,failure,rate,for,construction,companies,in,Chapter,1,have,bee
n,updated.
Sections,on,cost,segregation,and,bonus,depreciation,have,been,added,to,Chapter,5.
The,discussion,of,typical,median,ratios,in,Chapter,6,has,been,updated.
A,section,on,the,monitoring,and,controlling,process,has,been,added,to,Chapter,7.
A,section,on,managing,design-build,costs,has,been,added,to,Chapter,7.
The,wages,,social,security,,and,Medicare,costs,were,updated,in,Chapters,8,,
9,,and,14.
A,weekly,cash,flow,problem,has,been,added,to,Chapter,12.
The,income,tax,regulations,in,Chapter,13,have,been,updated,to,incorpora
te,provisions,of,The,Tax,Cuts,and,Jobs,Act,passed,in,December,2017.
The,project,cash,flows,used,to,develop,an,annual,cash,flow,for,a,construction,c
ompany,have,been,expanded,to,cover,the,entire,project,(including,work,done,i
n,the,prior,year),and,the,calculation,of,the,underbillings/overbillings,has,been,i
ncluded,in,Chapter,14.
The,effects,of,taxes,on,decision,has,been,updated,in,Chapter,18,to,incorporate,t
he,Tax,Cuts,and,Jobs,Act.
The,Instructor’s,Manual,includes,a,list,of,learning,objectives,,instructional,hints,,suggest
ed,activities,,and,resources,for,each,chapter.,Files,for,the,figures,and,tables,in,the,textb
ook,are,found,on,the,instructor’s,website.,It,is,my,hope,that,these,resources,will,make,i
t,easier,for,course,instructors,to,teach,the,material,in,a,meaningful,manner.,Because,th
e,courses,that,use,this,textbook,are,quite,diverse,,it,is,impossible,to,organize,the,chapte
rs,into,one,best,order.,Each,instructor,should,consider,his,or,her,individual,program,and
,determine,which,chapters,need,to, be,taught,and,in,what,order.
Best,wishes,
Steven,J.,Peterson,,MBA,,PE
