SOLUTION MANUAL b
Construction Accounting and Financial Management,
b b b b
4th Edition Steven J. Peterson
b b b b
Chapters 1 - 18, Complete Newest Version
b b b b b b
Construction bAccounting band bFinancial bManagement,
, CONTENTS
New bto bthe bFourth bEdition 1
Chapter b1: bConstruction bFinancial bManagement 2
Chapter b2: bConstruction bAccounting bSystems 4
Chapter b3: bAccounting bTransactions 7
Chapter b4: bMore bConstruction bAccounting 23
Chapter b5: bDepreciation 34
Chapter b6: bAnalysis bof bFinancial bStatements 50
Chapter b7: bManaging bCosts 58
Chapter b8: bDetermining bLabor bBurden 62
Chapter b9: bManaging bGeneral bOverhead bCosts 65
Chapter b10: bSetting bProfit bMargins bfor bBidding 67
Chapter b11: bProfit bCenter bAnalysis 70
Chapter b12: bCash bFlows bFor bConstruction bProjects 75
Chapter b13: bProjecting bIncome bTaxes 87
Chapter b14: bCash bFlows bfor ba bConstruction bCompany 91
Chapter b15: bTime bValue bof bMoney 93
Chapter b16: bFinancing ba bCompany’s bFinancial bNeeds 99
Chapter b17: bMaking bFinancial bDecisions 111
Chapter b18: bIncome bTaxes band bFinancial bDecisions 130
Construction bAccounting band bFinancial bManagement,
, iii
Construction bAccounting band bFinancial bManagement,
, New to the Fourth Edition
b b b b
The bmajor bchanges bto bthe bfourth bedition binclude bthe bfollowing
• The bbusiness bfailure brate bfor bconstruction bcompanies bin bChapter b1 bhave
bbeenb updated.
• Sections bon bcost bsegregation band bbonus bdepreciation bhave bbeen badded bto bChapter b5.
• The bdiscussion bof btypical bmedian bratios bin bChapter b6 bhas bbeen bupdated.
• A bsection bon bthe bmonitoring band bcontrolling bprocess bhas bbeen badded bto bChapter b7.
• A bsection bon bmanaging bdesign-build bcosts bhas bbeen badded bto bChapter b7.
• The bwages, bsocial bsecurity, band bMedicare bcosts bwere bupdated bin bChapters
b8, b9,b
and b14.
• A bweekly bcash bflow bproblem bhas bbeen badded bto bChapter b12.
• The bincome btax bregulations bin bChapter b13 bhave bbeen bupdated bto
b incorporateb provisions bof bThe bTax bCuts band bJobs bAct bpassed bin
bDecember b2017.
• The bproject bcash bflows bused bto bdevelop ban bannual bcash bflow bfor ba
bconstruction bcompany bhave bbeen bexpanded bto bcover bthe bentire bproject
b(including bwork bdone binb the bprior byear) band bthe bcalculation bof bthe
bunderbillings/overbillings bhas bbeen bincluded b in bChapter b 14.
• The beffects bof btaxes bon bdecision bhas bbeen bupdated bin bChapter b18 bto
bincorporate btheb Tax bCuts band bJobs bAct.
The bInstructor’s bManual bincludes ba blist bof blearning bobjectives, binstructional bhints,
bsuggested bactivities, band bresources bfor beach bchapter. bFiles bfor bthe bfigures band btables
bin bthe btextbook bare bfound bon bthe binstructor’s bwebsite. bIt bis bmy bhope bthat bthese
bresources bwill bmake bit beasier bfor bcourse binstructors bto bteach bthe bmaterial bin ba
bmeaningful bmanner. bBecause bthe bcourses bthat buse bthis btextbook bare bquite bdiverse, bit
bis bimpossible bto borganize bthe bchapters binto bone bbest border. bEach binstructor bshould
bconsider bhis bor bher bindividual bprogram band bdetermine bwhich bchapters bneed bto b be
btaught band b in bwhat border.
Best bwishes,
Steven bJ. bPeterson, bMBA, bPE
Construction Accounting and Financial Management,
b b b b
4th Edition Steven J. Peterson
b b b b
Chapters 1 - 18, Complete Newest Version
b b b b b b
Construction bAccounting band bFinancial bManagement,
, CONTENTS
New bto bthe bFourth bEdition 1
Chapter b1: bConstruction bFinancial bManagement 2
Chapter b2: bConstruction bAccounting bSystems 4
Chapter b3: bAccounting bTransactions 7
Chapter b4: bMore bConstruction bAccounting 23
Chapter b5: bDepreciation 34
Chapter b6: bAnalysis bof bFinancial bStatements 50
Chapter b7: bManaging bCosts 58
Chapter b8: bDetermining bLabor bBurden 62
Chapter b9: bManaging bGeneral bOverhead bCosts 65
Chapter b10: bSetting bProfit bMargins bfor bBidding 67
Chapter b11: bProfit bCenter bAnalysis 70
Chapter b12: bCash bFlows bFor bConstruction bProjects 75
Chapter b13: bProjecting bIncome bTaxes 87
Chapter b14: bCash bFlows bfor ba bConstruction bCompany 91
Chapter b15: bTime bValue bof bMoney 93
Chapter b16: bFinancing ba bCompany’s bFinancial bNeeds 99
Chapter b17: bMaking bFinancial bDecisions 111
Chapter b18: bIncome bTaxes band bFinancial bDecisions 130
Construction bAccounting band bFinancial bManagement,
, iii
Construction bAccounting band bFinancial bManagement,
, New to the Fourth Edition
b b b b
The bmajor bchanges bto bthe bfourth bedition binclude bthe bfollowing
• The bbusiness bfailure brate bfor bconstruction bcompanies bin bChapter b1 bhave
bbeenb updated.
• Sections bon bcost bsegregation band bbonus bdepreciation bhave bbeen badded bto bChapter b5.
• The bdiscussion bof btypical bmedian bratios bin bChapter b6 bhas bbeen bupdated.
• A bsection bon bthe bmonitoring band bcontrolling bprocess bhas bbeen badded bto bChapter b7.
• A bsection bon bmanaging bdesign-build bcosts bhas bbeen badded bto bChapter b7.
• The bwages, bsocial bsecurity, band bMedicare bcosts bwere bupdated bin bChapters
b8, b9,b
and b14.
• A bweekly bcash bflow bproblem bhas bbeen badded bto bChapter b12.
• The bincome btax bregulations bin bChapter b13 bhave bbeen bupdated bto
b incorporateb provisions bof bThe bTax bCuts band bJobs bAct bpassed bin
bDecember b2017.
• The bproject bcash bflows bused bto bdevelop ban bannual bcash bflow bfor ba
bconstruction bcompany bhave bbeen bexpanded bto bcover bthe bentire bproject
b(including bwork bdone binb the bprior byear) band bthe bcalculation bof bthe
bunderbillings/overbillings bhas bbeen bincluded b in bChapter b 14.
• The beffects bof btaxes bon bdecision bhas bbeen bupdated bin bChapter b18 bto
bincorporate btheb Tax bCuts band bJobs bAct.
The bInstructor’s bManual bincludes ba blist bof blearning bobjectives, binstructional bhints,
bsuggested bactivities, band bresources bfor beach bchapter. bFiles bfor bthe bfigures band btables
bin bthe btextbook bare bfound bon bthe binstructor’s bwebsite. bIt bis bmy bhope bthat bthese
bresources bwill bmake bit beasier bfor bcourse binstructors bto bteach bthe bmaterial bin ba
bmeaningful bmanner. bBecause bthe bcourses bthat buse bthis btextbook bare bquite bdiverse, bit
bis bimpossible bto borganize bthe bchapters binto bone bbest border. bEach binstructor bshould
bconsider bhis bor bher bindividual bprogram band bdetermine bwhich bchapters bneed bto b be
btaught band b in bwhat border.
Best bwishes,
Steven bJ. bPeterson, bMBA, bPE
