SOLUTION MANUAL |
Construction Accounting and Financial Management,
| | | |
4th Edition Steven J. Peterson
| | | |
Chapters 1 - 18, Complete Newest Version
| | | | | |
Construction |Accounting |and |Financial |Management,
, CONTENTS
New |to |the |Fourth |Edition 1
Chapter |1: |Construction |Financial |Management 2
Chapter |2: |Construction |Accounting |Systems 4
Chapter |3: |Accounting |Transactions 7
Chapter |4: |More |Construction |Accounting 23
Chapter |5: |Depreciation 34
Chapter |6: |Analysis |of |Financial |Statements 50
Chapter |7: |Managing |Costs 58
Chapter |8: |Determining |Labor |Burden 62
Chapter |9: |Managing |General |Overhead |Costs 65
Chapter |10: |Setting |Profit |Margins |for |Bidding 67
Chapter |11: |Profit |Center |Analysis 70
Chapter |12: |Cash |Flows |For |Construction |Projects 75
Chapter |13: |Projecting |Income |Taxes 87
Chapter |14: |Cash |Flows |for |a |Construction |Company 91
Chapter |15: |Time |Value |of |Money 93
Chapter |16: |Financing |a |Company’s |Financial |Needs 99
Chapter |17: |Making |Financial |Decisions 111
Chapter |18: |Income |Taxes |and |Financial |Decisions 130
Construction |Accounting |and |Financial |Management,
, iii
Construction |Accounting |and |Financial |Management,
, New to the Fourth Edition
| | | |
The |major |changes |to |the |fourth |edition |include |the |following
The |business |failure |rate |for |construction |companies |in |Chapter |1 |have
|been|updated.
Sections |on |cost |segregation |and |bonus |depreciation |have |been |added |to |Chapter |5.
The |discussion |of |typical |median |ratios |in |Chapter |6 |has |been |updated.
A |section |on |the |monitoring |and |controlling |process |has |been |added |to |Chapter |7.
A |section |on |managing |design-build |costs |has |been |added |to |Chapter |7.
The |wages, |social |security, |and |Medicare |costs |were |updated |in |Chapters |8,
|9,|and |14.
A |weekly |cash |flow |problem |has |been |added |to |Chapter |12.
The |income |tax |regulations |in |Chapter |13 |have |been |updated |to
| incorporate|provisions |of |The |Tax |Cuts |and |Jobs |Act | passed | in |December
|2017.
The |project |cash |flows |used |to |develop |an |annual |cash |flow |for |a |construction
|company |have |been |expanded |to |cover |the |entire |project |(including |work
|done |in|the |prior |year) |and |the |calculation |of |the |underbillings/overbillings
|has |been |included | in |Chapter |14.
The |effects |of |taxes |on |decision |has |been |updated |in |Chapter |18 |to |incorporate
|the|Tax |Cuts |and |Jobs |Act.
The |Instructor’s |Manual |includes |a |list |of |learning |objectives, |instructional |hints,
|suggested |activities, |and |resources |for |each |chapter. |Files |for |the |figures |and |tables |in
|the |textbook |are |found |on |the |instructor’s |website. |It |is |my |hope |that |these |resources
|will |make |it |easier |for |course |instructors |to |teach |the |material |in |a |meaningful
|manner. |Because |the |courses |that |use |this |textbook |are |quite |diverse, |it |is |impossible
|to |organize |the |chapters |into |one |best |order. |Each |instructor |should |consider |his |or
|her |individual |program |and |determine |which |chapters |need |to | be |taught |and | in |what
|order.
Best |wishes,
Steven |J. |Peterson, |MBA, |PE
Construction Accounting and Financial Management,
| | | |
4th Edition Steven J. Peterson
| | | |
Chapters 1 - 18, Complete Newest Version
| | | | | |
Construction |Accounting |and |Financial |Management,
, CONTENTS
New |to |the |Fourth |Edition 1
Chapter |1: |Construction |Financial |Management 2
Chapter |2: |Construction |Accounting |Systems 4
Chapter |3: |Accounting |Transactions 7
Chapter |4: |More |Construction |Accounting 23
Chapter |5: |Depreciation 34
Chapter |6: |Analysis |of |Financial |Statements 50
Chapter |7: |Managing |Costs 58
Chapter |8: |Determining |Labor |Burden 62
Chapter |9: |Managing |General |Overhead |Costs 65
Chapter |10: |Setting |Profit |Margins |for |Bidding 67
Chapter |11: |Profit |Center |Analysis 70
Chapter |12: |Cash |Flows |For |Construction |Projects 75
Chapter |13: |Projecting |Income |Taxes 87
Chapter |14: |Cash |Flows |for |a |Construction |Company 91
Chapter |15: |Time |Value |of |Money 93
Chapter |16: |Financing |a |Company’s |Financial |Needs 99
Chapter |17: |Making |Financial |Decisions 111
Chapter |18: |Income |Taxes |and |Financial |Decisions 130
Construction |Accounting |and |Financial |Management,
, iii
Construction |Accounting |and |Financial |Management,
, New to the Fourth Edition
| | | |
The |major |changes |to |the |fourth |edition |include |the |following
The |business |failure |rate |for |construction |companies |in |Chapter |1 |have
|been|updated.
Sections |on |cost |segregation |and |bonus |depreciation |have |been |added |to |Chapter |5.
The |discussion |of |typical |median |ratios |in |Chapter |6 |has |been |updated.
A |section |on |the |monitoring |and |controlling |process |has |been |added |to |Chapter |7.
A |section |on |managing |design-build |costs |has |been |added |to |Chapter |7.
The |wages, |social |security, |and |Medicare |costs |were |updated |in |Chapters |8,
|9,|and |14.
A |weekly |cash |flow |problem |has |been |added |to |Chapter |12.
The |income |tax |regulations |in |Chapter |13 |have |been |updated |to
| incorporate|provisions |of |The |Tax |Cuts |and |Jobs |Act | passed | in |December
|2017.
The |project |cash |flows |used |to |develop |an |annual |cash |flow |for |a |construction
|company |have |been |expanded |to |cover |the |entire |project |(including |work
|done |in|the |prior |year) |and |the |calculation |of |the |underbillings/overbillings
|has |been |included | in |Chapter |14.
The |effects |of |taxes |on |decision |has |been |updated |in |Chapter |18 |to |incorporate
|the|Tax |Cuts |and |Jobs |Act.
The |Instructor’s |Manual |includes |a |list |of |learning |objectives, |instructional |hints,
|suggested |activities, |and |resources |for |each |chapter. |Files |for |the |figures |and |tables |in
|the |textbook |are |found |on |the |instructor’s |website. |It |is |my |hope |that |these |resources
|will |make |it |easier |for |course |instructors |to |teach |the |material |in |a |meaningful
|manner. |Because |the |courses |that |use |this |textbook |are |quite |diverse, |it |is |impossible
|to |organize |the |chapters |into |one |best |order. |Each |instructor |should |consider |his |or
|her |individual |program |and |determine |which |chapters |need |to | be |taught |and | in |what
|order.
Best |wishes,
Steven |J. |Peterson, |MBA, |PE
