Construction Accounting and Financial Management, 4th Edition Solution Manual by Steven J. Peterson, Verified Chapters 1 - 18, Complete Newest Version

SOLUTION MANUAL

Construction Accounting and Financial Management,

4th Edition Steven J. Peterson

Chapters 1 - 18, Complete Newest Version




ConstructionhAccountinghandhFinancialhManagement,

, CONTENTS
NewhtohthehFourthhEdition 1

Chapterh1:hConstructionhFinancialhManagement 2

Chapterh2:hConstructionhAccountinghSystems 4

Chapterh3:hAccountinghTransactions 7

Chapterh4:hMorehConstructionhAccounting 23

Chapterh5:hDepreciation 34

Chapterh6:hAnalysishofhFinancialhStatements 50

Chapterh7:hManaginghCosts 58

Chapterh8:hDetermininghLaborhBurden 62

Chapterh9:hManaginghGeneralhOverheadhCosts 65

Chapterh10:hSettinghProfith MarginshforhBidding 67

Chapterh11:hProfith CenterhAnalysis 70

Chapterh12:hCashhFlowshForhConstructionhProjects 75

Chapterh13:hProjectinghIncomehTaxes 87

Chapterh14:hCashhFlowshforhahConstructionhCompany 91

Chapterh15:hTimehValuehofhMoney 93

Chapterh16:hFinancinghahCompany’shFinancialhNeeds 99

Chapterh17:hMakinghFinancialhDecisions 111

Chapterh18:hIncomehTaxeshandhFinancialhDecisions 130




ConstructionhAccountinghandhFinancialhManagement,

, iii




ConstructionhAccountinghandhFinancialhManagement,

, New to the Fourth Edition
h h h h




Thehmajorhchangeshtohthehfourthheditionhincludehthehfollowing
 ThehbusinesshfailurehratehforhconstructionhcompanieshinhChapterh1hhavehbee
nhupdated.
 SectionshonhcosthsegregationhandhbonushdepreciationhhavehbeenhaddedhtohChapterh5.
 ThehdiscussionhofhtypicalhmedianhratioshinhChapterh6hhashbeenhupdated.
 AhsectionhonhthehmonitoringhandhcontrollinghprocesshhashbeenhaddedhtohChapterh7.
 Ahsectionhonhmanaginghdesign-buildhcostshhashbeenhaddedhtohChapterh7.
 Thehwages,hsocialhsecurity,handhMedicarehcostshwerehupdatedhinhChaptersh8,h9,h
andh14.
 AhweeklyhcashhflowhproblemhhashbeenhaddedhtohChapterh12.
 ThehincomehtaxhregulationshinhChapterh13hhavehbeenhupdatedhtohincorporat
ehprovisionshofhThehTaxhCutshandhJobshActhpassedhinhDecemberh2017.
 Thehprojecthcashhflowshusedhtohdevelophanhannualhcashhflowhforhahconstructionhco
mpanyhhavehbeenhexpandedhtohcoverhthehentirehprojecth(includinghworkhdonehinht
hehpriorhyear)handhthehcalculationhofhthehunderbillings/overbillingshhashbeenhinclu
dedhinhChapterh14.
 TheheffectshofhtaxeshonhdecisionhhashbeenhupdatedhinhChapterh18htohincorporatehth
ehTaxhCutshandhJobshAct.
ThehInstructor’shManualhincludeshahlisthofhlearninghobjectives,hinstructionalhhints,hsuggeste
dhactivities,handhresourceshforheachhchapter.hFileshforhthehfigureshandhtableshinhthehtextboo
kharehfoundhonhthehinstructor’shwebsite.hIthishmyhhopehthaththesehresourceshwillhmakehitheas
ierhforhcoursehinstructorshtohteachhthehmaterialhinhahmeaningfulhmanner.hBecausehthehcour
seshthathusehthishtextbookharehquitehdiverse,hithishimpossiblehtohorganizehthehchaptershintoh
onehbesthorder.hEachhinstructorhshouldhconsiderhhishorhherhindividualhprogramhandhdetermi
nehwhichhchaptershneedhtoh behtaughthandhinhwhathorder.
Besthwishes,
StevenhJ.hPeterson,hMBA,hPE