SOLUTION MANUAL kq
ConstructionAccountingandFinancialManagement,
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4thEditionStevenJ.Peterson
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Chapters1 - 18, CompleteNewest Version
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Construction Accounting and Financial Management,
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, CONTENTS
New to the Fourth Edition
kq kq kq kq 1
Chapter 1: Construction FinancialManagement
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Chapter 2: ConstructionAccounting Systems
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Chapter 3: Accounting Transactions
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Chapter 4: More Construction Accounting
kq kq kq kq 23
Chapter 5: Depreciation
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Chapter 6: Analysis of FinancialStatements
kq kq kq kq kq 50
Chapter 7: Managing Costs
kq kq kq 58
Chapter 8: Determining Labor Burden
kq kq kq kq 62
Chapter 9: Managing GeneralOverhead Costs
kq kq kq kq kq 65
Chapter 10: Setting Profit Margins for Bidding
kq kq kq kq kq kq 67
Chapter 11: Profit Center Analysis
kq kq kq kq 70
Chapter 12: Cash Flows For Construction Projects
kq kq kq kq kq kq 75
Chapter 13: Projecting Income Taxes
kq kq kq kq 87
Chapter 14: Cash Flows for a Construction Company
kq kq kq kq kq kq kq 91
Chapter 15: Time Value of Money
kq kq kq kq kq 93
Chapter 16: Financing a Company’s Financial Needs
kq kq kq kq kq kq 99
Chapter 17: Making Financial Decisions
kq kq kq kq 111
Chapter 18: Income Taxes and Financial Decisions
kq kq kq kq kq kq 130
Construction Accounting and Financial Management, k q k q k q kq
, iii
Construction Accounting and Financial Management,
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, NewtotheFourthEdition kq kq kq kq
The major changestothe fourthedition include the following
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• The business failure rate for constructioncompanies inChapter 1 have be
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enupdated.
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• Sectionsoncost segregation and bonus depreciation have been added to Chapter 5. kq kq kq kq kq kq kq kq kq kq kq kq
• The discussion oftypical median ratios in Chapter 6 has been updated.
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• Asection onthe monitoring and controlling process has beenadded to Chapter 7.
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• Asection on managing design-build costs has been added to Chapter 7.
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• The wages, socialsecurity, and Medicare costs were updated inChapters8,
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9,and 14.
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• A weeklycash flow problem has been added to Chapter 12.
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• The incometaxregulations inChapter 13 have been updatedto incorpora
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teprovisions 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 c
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ompany have been expanded to cover the entire project (including work done i
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nthe prior year) and the calculation of the underbillings/overbillings has been i
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ncluded in Chapter 14.
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• The effects oftaxes ondecision has beenupdated in Chapter 18to incorporatet
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heTax Cuts and Jobs Act.
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The Instructor’s Manual includes a list of learning objectives, instructional hints, suggest ed
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activities, and resources for each chapter. Files for the figures and tables in the textb ook are
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found on the instructor’s website. It is my hope that these resources will make i t easier for
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course instructors to teach the material in a meaningful manner. Because th e courses that
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use this textbook are quite diverse, it is impossible to organize the chapte rs into one best
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order. Each instructor should consider his or her individual program and determine which
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chapters need to be taught and in what order.
kq kq kq kq kq kq kq kq kq
Best wishes, kq
Steven J. Peterson, MBA, PE kq kq kq kq
ConstructionAccountingandFinancialManagement,
kq kq kq kq
4thEditionStevenJ.Peterson
kq kq kq kq
Chapters1 - 18, CompleteNewest Version
kq kq kq kq kq kq
Construction Accounting and Financial Management,
k q k q k q kq
, CONTENTS
New to the Fourth Edition
kq kq kq kq 1
Chapter 1: Construction FinancialManagement
kq kq kq kq 2
Chapter 2: ConstructionAccounting Systems
kq kq kq kq 4
Chapter 3: Accounting Transactions
kq kq kq 7
Chapter 4: More Construction Accounting
kq kq kq kq 23
Chapter 5: Depreciation
kq kq 34
Chapter 6: Analysis of FinancialStatements
kq kq kq kq kq 50
Chapter 7: Managing Costs
kq kq kq 58
Chapter 8: Determining Labor Burden
kq kq kq kq 62
Chapter 9: Managing GeneralOverhead Costs
kq kq kq kq kq 65
Chapter 10: Setting Profit Margins for Bidding
kq kq kq kq kq kq 67
Chapter 11: Profit Center Analysis
kq kq kq kq 70
Chapter 12: Cash Flows For Construction Projects
kq kq kq kq kq kq 75
Chapter 13: Projecting Income Taxes
kq kq kq kq 87
Chapter 14: Cash Flows for a Construction Company
kq kq kq kq kq kq kq 91
Chapter 15: Time Value of Money
kq kq kq kq kq 93
Chapter 16: Financing a Company’s Financial Needs
kq kq kq kq kq kq 99
Chapter 17: Making Financial Decisions
kq kq kq kq 111
Chapter 18: Income Taxes and Financial Decisions
kq kq kq kq kq kq 130
Construction Accounting and Financial Management, k q k q k q kq
, iii
Construction Accounting and Financial Management,
k q k q k q kq
, NewtotheFourthEdition kq kq kq kq
The major changestothe fourthedition include the following
kq kq kq kq kq kq kq kq kq
• The business failure rate for constructioncompanies inChapter 1 have be
kq kq kq kq kq kq kq kq kq kq kq
enupdated.
kq
• Sectionsoncost segregation and bonus depreciation have been added to Chapter 5. kq kq kq kq kq kq kq kq kq kq kq kq
• The discussion oftypical median ratios in Chapter 6 has been updated.
kq kq kq kq kq kq kq kq kq kq kq
• Asection onthe monitoring and controlling process has beenadded to Chapter 7.
kq kq kq kq kq kq kq kq kq kq kq kq kq
• Asection on managing design-build costs has been added to Chapter 7.
kq kq kq kq kq kq kq kq kq kq kq
• The wages, socialsecurity, and Medicare costs were updated inChapters8,
kq kq kq kq kq kq kq kq kq kq kq
9,and 14.
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• A weeklycash flow problem has been added to Chapter 12.
kq kq kq kq kq kq kq kq kq kq
• The incometaxregulations inChapter 13 have been updatedto incorpora
kq kq kq kq kq kq kq kq kq kq kq
teprovisions of The Tax Cuts and Jobs Act passed in December 2017.
kq kq kq kq kq kq kq kq kq kq kq kq
• The project cash flows used to develop an annual cash flow for a construction c
kq kq kq kq kq kq kq kq kq kq kq kq kq kq
ompany have been expanded to cover the entire project (including work done i
kq kq kq kq kq kq kq kq kq kq kq kq kq
nthe prior year) and the calculation of the underbillings/overbillings has been i
kq kq kq kq kq kq kq kq kq kq kq kq
ncluded in Chapter 14.
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• The effects oftaxes ondecision has beenupdated in Chapter 18to incorporatet
kq kq kq kq kq kq kq kq kq kq kq kq kq kq
heTax Cuts and Jobs Act.
kq kq kq kq kq
The Instructor’s Manual includes a list of learning objectives, instructional hints, suggest ed
kq kq kq kq kq kq kq kq kq kq kq kq
activities, and resources for each chapter. Files for the figures and tables in the textb ook are
kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq
found on the instructor’s website. It is my hope that these resources will make i t easier for
kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq
course instructors to teach the material in a meaningful manner. Because th e courses that
kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq
use this textbook are quite diverse, it is impossible to organize the chapte rs into one best
kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq kq
order. Each instructor should consider his or her individual program and determine which
kq kq kq kq kq kq kq kq kq kq kq kq kq
chapters need to be taught and in what order.
kq kq kq kq kq kq kq kq kq
Best wishes, kq
Steven J. Peterson, MBA, PE kq kq kq kq
