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, FE FE FE FE

, iii




Construction Accounting and Financial Management,
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, New to theFourthEdition FE FE EF EF




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
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been updated.
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 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,
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9,a nd 14.
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 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
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incorporate provisions of The Tax Cuts and Jobs Act passed in
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December 2017.
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 The project cash flowsJused to develop an annual cash flow for a construction
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co mpany have been expanded to cover the entire project (including work
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done inth e prior year) and the calculation of the underbillings/overbillings has
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been includ ed in Chapter 14.
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 The effects of taxes on decision has been updated in Chapter 18 to incorporate
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the Tax Cuts and JobsJAct.
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The Instructor’s Manual includes a list of learning objectives, instructional hints,
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suggeste d activities, and resources for each chapter. Files for the figures and tables in
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the textbook are found on the instructor’s website. It is my hope that these resources
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will make it easier for course instructors toJteach the material in a meaningful manner.
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Because the courses t hat use this textbook are quite diverse, it is impossible to
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organize the chapters into one b est order. Each instructor should consider his or her
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individual program and determine whi ch chapters need to be taught and in what
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order.
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Best wishes,
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Steven J. Peterson, MBA, PE
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