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




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: ManagingJCosts
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Chapter 8: Determining Labor Burden
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Chapter 9: ManagingJGeneral 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: ProjectingJIncome 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, sw sw sw sw

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Construction Accounting and Financial Management,
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, NewtotheFourthEdition w
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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 u
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pdated.
• 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 hasJbeen 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 nd
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w14.
• A weekly cash flow problem hasJbeen added to Chapter 12.
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• The income tax regulations in Chapter 13 have been updated to incorporate pr
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ovisions of The Tax Cuts and Jobs Act passed in December 2017.sw w
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• The project cash flowsJused to develop an annual cash flow for a construction co m
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pany have been expanded to cover the entire project (including work done inth e pri
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or year) and the calculation of the underbillings/overbillings has been includ ed in C
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hapter 14. sw




• The effects oftaxes on decision has beenupdated in Chapter 18 to incorporatethe Ta
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x Cuts and JobsJAct.
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The Instructor’s Manual includes a list of learning objectives, instructional hints, suggeste d
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activities, and resources for each chapter. Files for the figures and tables in the textbook are f
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ound on the instructor’s website. It is my hope that these resources will make it easier for cour
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se instructors toJteach the material in a meaningful manner. Because the courses t hat use this
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textbook are quite diverse, it is impossible to organize the chapters into one b est order. Each
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instructor should consider his or her individual program and determine whi ch chapters need
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to be taught and in what order.
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Best wishes, sw




Steven J. Peterson, MBA, PE w
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