SOLUTION MANUAL g
Construction Accounting and Financial Management,
g g g g
4th Edition Steven J. Peterson
g g g g
Chapters 1 - 18, Complete Newest Version
g g g g g g
Construction gAccounting gand gFinancial gManagement,
, CONTENTS
New gto gthe gFourth gEdition 1
Chapter g1: gConstruction gFinancial gManagement 2
Chapter g2: gConstruction gAccounting gSystems 4
Chapter g3: gAccounting gTransactions 7
Chapter g4: gMore gConstruction gAccounting 23
Chapter g5: gDepreciation 34
Chapter g6: gAnalysis gof gFinancial gStatements 50
Chapter g7: gManaging gCosts 58
Chapter g8: gDetermining gLabor gBurden 62
Chapter g9: gManaging gGeneral gOverhead gCosts 65
Chapter g10: gSetting gProfit g Margins gfor gBidding 67
Chapter g11: gProfit g Center gAnalysis 70
Chapter g12: gCash gFlows gFor gConstruction gProjects 75
Chapter g13: gProjecting gIncome gTaxes 87
Chapter g14: gCash gFlows gfor ga gConstruction gCompany 91
Chapter g15: gTime gValue gof gMoney 93
Chapter g16: gFinancing ga gCompany’s gFinancial gNeeds 99
Chapter g17: gMaking gFinancial gDecisions 111
Chapter g18: gIncome gTaxes gand gFinancial gDecisions 130
Construction gAccounting gand gFinancial gManagement,
, iii
Construction gAccounting gand gFinancial gManagement,
, New to the Fourth Edition
g g g g
The gmajor gchanges gto gthe gfourth gedition ginclude gthe gfollowing
The gbusiness gfailure grate gfor gconstruction gcompanies gin gChapter g1 ghave
gbeengupdated.
Sections gon gcost gsegregation gand gbonus gdepreciation ghave gbeen gadded gto gChapter g5.
The gdiscussion gof gtypical gmedian gratios gin gChapter g6 ghas gbeen gupdated.
A gsection gon gthe gmonitoring gand gcontrolling gprocess ghas gbeen gadded gto gChapter g7.
A gsection gon gmanaging gdesign-build gcosts ghas gbeen gadded gto gChapter g7.
The gwages, gsocial gsecurity, gand gMedicare gcosts gwere gupdated gin gChapters
g8, g9,gand g14.
A gweekly gcash gflow gproblem ghas gbeen gadded gto gChapter g12.
The gincome gtax gregulations gin gChapter g13 ghave gbeen gupdated gto
g incorporategprovisions gof gThe gTax gCuts gand gJobs gAct g passed g in
gDecember g2017.
The gproject gcash gflows gused gto gdevelop gan gannual gcash gflow gfor ga
gconstruction gcompany ghave gbeen gexpanded gto gcover gthe gentire gproject
g(including gwork gdone gingthe gprior gyear) gand gthe gcalculation gof gthe
gunderbillings/overbillings ghas gbeen gincluded g in gChapter g14.
The geffects gof gtaxes gon gdecision ghas gbeen gupdated gin gChapter g18 gto
gincorporate gthegTax gCuts gand gJobs g Act.
The gInstructor’s gManual gincludes ga glist gof glearning gobjectives, ginstructional ghints,
gsuggested gactivities, gand gresources gfor geach gchapter. gFiles gfor gthe gfigures gand gtables
gin gthe gtextbook gare gfound gon gthe ginstructor’s gwebsite. gIt gis gmy ghope gthat gthese
gresources gwill gmake git geasier gfor gcourse ginstructors gto gteach gthe gmaterial gin ga
gmeaningful gmanner. gBecause gthe gcourses gthat guse gthis gtextbook gare gquite gdiverse, git
gis gimpossible gto gorganize gthe gchapters ginto gone gbest gorder. gEach ginstructor gshould
gconsider ghis gor gher gindividual gprogram gand gdetermine gwhich gchapters gneed gto g be
gtaught gand g in gwhat gorder.
Best gwishes,
Steven gJ. gPeterson, gMBA, gPE
Construction Accounting and Financial Management,
g g g g
4th Edition Steven J. Peterson
g g g g
Chapters 1 - 18, Complete Newest Version
g g g g g g
Construction gAccounting gand gFinancial gManagement,
, CONTENTS
New gto gthe gFourth gEdition 1
Chapter g1: gConstruction gFinancial gManagement 2
Chapter g2: gConstruction gAccounting gSystems 4
Chapter g3: gAccounting gTransactions 7
Chapter g4: gMore gConstruction gAccounting 23
Chapter g5: gDepreciation 34
Chapter g6: gAnalysis gof gFinancial gStatements 50
Chapter g7: gManaging gCosts 58
Chapter g8: gDetermining gLabor gBurden 62
Chapter g9: gManaging gGeneral gOverhead gCosts 65
Chapter g10: gSetting gProfit g Margins gfor gBidding 67
Chapter g11: gProfit g Center gAnalysis 70
Chapter g12: gCash gFlows gFor gConstruction gProjects 75
Chapter g13: gProjecting gIncome gTaxes 87
Chapter g14: gCash gFlows gfor ga gConstruction gCompany 91
Chapter g15: gTime gValue gof gMoney 93
Chapter g16: gFinancing ga gCompany’s gFinancial gNeeds 99
Chapter g17: gMaking gFinancial gDecisions 111
Chapter g18: gIncome gTaxes gand gFinancial gDecisions 130
Construction gAccounting gand gFinancial gManagement,
, iii
Construction gAccounting gand gFinancial gManagement,
, New to the Fourth Edition
g g g g
The gmajor gchanges gto gthe gfourth gedition ginclude gthe gfollowing
The gbusiness gfailure grate gfor gconstruction gcompanies gin gChapter g1 ghave
gbeengupdated.
Sections gon gcost gsegregation gand gbonus gdepreciation ghave gbeen gadded gto gChapter g5.
The gdiscussion gof gtypical gmedian gratios gin gChapter g6 ghas gbeen gupdated.
A gsection gon gthe gmonitoring gand gcontrolling gprocess ghas gbeen gadded gto gChapter g7.
A gsection gon gmanaging gdesign-build gcosts ghas gbeen gadded gto gChapter g7.
The gwages, gsocial gsecurity, gand gMedicare gcosts gwere gupdated gin gChapters
g8, g9,gand g14.
A gweekly gcash gflow gproblem ghas gbeen gadded gto gChapter g12.
The gincome gtax gregulations gin gChapter g13 ghave gbeen gupdated gto
g incorporategprovisions gof gThe gTax gCuts gand gJobs gAct g passed g in
gDecember g2017.
The gproject gcash gflows gused gto gdevelop gan gannual gcash gflow gfor ga
gconstruction gcompany ghave gbeen gexpanded gto gcover gthe gentire gproject
g(including gwork gdone gingthe gprior gyear) gand gthe gcalculation gof gthe
gunderbillings/overbillings ghas gbeen gincluded g in gChapter g14.
The geffects gof gtaxes gon gdecision ghas gbeen gupdated gin gChapter g18 gto
gincorporate gthegTax gCuts gand gJobs g Act.
The gInstructor’s gManual gincludes ga glist gof glearning gobjectives, ginstructional ghints,
gsuggested gactivities, gand gresources gfor geach gchapter. gFiles gfor gthe gfigures gand gtables
gin gthe gtextbook gare gfound gon gthe ginstructor’s gwebsite. gIt gis gmy ghope gthat gthese
gresources gwill gmake git geasier gfor gcourse ginstructors gto gteach gthe gmaterial gin ga
gmeaningful gmanner. gBecause gthe gcourses gthat guse gthis gtextbook gare gquite gdiverse, git
gis gimpossible gto gorganize gthe gchapters ginto gone gbest gorder. gEach ginstructor gshould
gconsider ghis gor gher gindividual gprogram gand gdetermine gwhich gchapters gneed gto g be
gtaught gand g in gwhat gorder.
Best gwishes,
Steven gJ. gPeterson, gMBA, gPE
