SOLUTION MANUAL
CONSTRUCTION ACCOUNTING AND FINANCIAL MANAGEMENT,
4TH EDITION STEVEN J. PETERSON
CHAPTERS 1 - 18, COMPLETE NEWEST VERSION
Construction Accounting and Financial Management,
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, CONTENTS
New to the Fourth Edition
js js js js 1
Chapter 1: Construction Financial Management
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Chapter 2: Construction Accounting Systems
js js js js 4
Chapter 3: Accounting Transactions
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Chapter 4: More Construction Accounting
js js js js 23
Chapter 5: Depreciation
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Chapter 6: Analysis of Financial Statements
js js js js js 50
Chapter 7: Managing Costs
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Chapter 8: Determining Labor Burden
js js js js 62
Chapter 9: Managing General Overhead Costs
js js js js js 65
Chapter 10: Setting Profit Margins for Bidding
js js js js js js 67
Chapter 11: Profit Center Analysis
js js js js 70
Chapter 12: Cash Flows For Construction Projects
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Chapter 13: Projecting Income Taxes
js js js js 87
Chapter 14: Cash Flows for a Construction Company
js js js js js js js 91
Chapter 15: Time Value of Money
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Chapter 16: Financing a Company’s Financial Needs
js js js js js js 99
Chapter 17: Making Financial Decisions
js js js js 111
Chapter 18: Income Taxes and Financial Decisions
js js js js js js 130
Construction Accounting and Financial Management, js js js js
, iii
Construction Accounting and Financial Management,
js js js js
, New to the Fourth Edition js js js js
The major changes to the fourth edition include the following
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• The business failure rate for construction companies in Chapter 1 h
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ave beenupdated.js js
• Sections on cost segregation and bonus depreciation have been added to Chapt
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er 5. js
• The discussion of typical median ratios in Chapter 6 has been updated.
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• A section on the monitoring and controlling process has been added to Chapter
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7.
• A section on managing design-build costs has been added to Chapter 7.
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• The wages, social security, and Medicare costs were updated in Chap
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ters 8, 9,and 14. js js js js
• A weekly cash flow problem has been added to Chapter 12.
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• The income tax regulations in Chapter 13 have been updated to inc
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orporateprovisions of The Tax Cuts and Jobs Act passed in Decem
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ber 2017. js
• The project cash flows used to develop an annual cash flow for a constru
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ction company have been expanded to cover the entire project (including
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work done inthe prior year) and the calculation of the underbillings/ove
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rbillings has been included in Chapter 14. js js js js js js
• The effects of taxes on decision has been updated in Chapter 18 to incorp
js js js js js js js js js js js js js
orate theTax Cuts and Jobs Act.js js js js js js
The Instructor’s Manual includes a list of learning objectives, instructional hint
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s, suggested activities, and resources for each chapter. Files for the figures and t
js js js js js js js js js js js js js
ables in the textbook are found on the instructor’s website. It is my hope that th
js js js js js js js js js js js js js js js
ese resources will make it easier for course instructors to teach the material in a
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meaningful manner. Because the courses that use this textbook are quite diver
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se, it is impossible to organize the chapters into one best order. Each instructor
js js js js js js js js js js js js js js
should consider his or her individual program and determine which chapters ne
js js js js js js js js js js js
ed to be taught and in what order.
js js js js js js js
Best wishes, js
Steven J. Peterson, MBA, PE js js js js
CONSTRUCTION ACCOUNTING AND FINANCIAL MANAGEMENT,
4TH EDITION STEVEN J. PETERSON
CHAPTERS 1 - 18, COMPLETE NEWEST VERSION
Construction Accounting and Financial Management,
js js js js
, CONTENTS
New to the Fourth Edition
js js js js 1
Chapter 1: Construction Financial Management
js js js js 2
Chapter 2: Construction Accounting Systems
js js js js 4
Chapter 3: Accounting Transactions
js js js 7
Chapter 4: More Construction Accounting
js js js js 23
Chapter 5: Depreciation
js js 34
Chapter 6: Analysis of Financial Statements
js js js js js 50
Chapter 7: Managing Costs
js js js 58
Chapter 8: Determining Labor Burden
js js js js 62
Chapter 9: Managing General Overhead Costs
js js js js js 65
Chapter 10: Setting Profit Margins for Bidding
js js js js js js 67
Chapter 11: Profit Center Analysis
js js js js 70
Chapter 12: Cash Flows For Construction Projects
js js js js js js 75
Chapter 13: Projecting Income Taxes
js js js js 87
Chapter 14: Cash Flows for a Construction Company
js js js js js js js 91
Chapter 15: Time Value of Money
js js js js js 93
Chapter 16: Financing a Company’s Financial Needs
js js js js js js 99
Chapter 17: Making Financial Decisions
js js js js 111
Chapter 18: Income Taxes and Financial Decisions
js js js js js js 130
Construction Accounting and Financial Management, js js js js
, iii
Construction Accounting and Financial Management,
js js js js
, New to the Fourth Edition js js js js
The major changes to the fourth edition include the following
js js js js js js js js js
• The business failure rate for construction companies in Chapter 1 h
js js js js js js js js js js
ave beenupdated.js js
• Sections on cost segregation and bonus depreciation have been added to Chapt
js js js js js js js js js js js
er 5. js
• The discussion of typical median ratios in Chapter 6 has been updated.
js js js js js js js js js js js
• A section on the monitoring and controlling process has been added to Chapter
js js js js js js js js js js js js js
7.
• A section on managing design-build costs has been added to Chapter 7.
js js js js js js js js js js js
• The wages, social security, and Medicare costs were updated in Chap
js js js js js js js js js js
ters 8, 9,and 14. js js js js
• A weekly cash flow problem has been added to Chapter 12.
js js js js js js js js js js
• The income tax regulations in Chapter 13 have been updated to inc
js js js js js js js js js js js
orporateprovisions of The Tax Cuts and Jobs Act passed in Decem
js js js js js js js js js js js
ber 2017. js
• The project cash flows used to develop an annual cash flow for a constru
js js js js js js js js js js js js js
ction company have been expanded to cover the entire project (including
js js js js js js js js js js j
work done inthe prior year) and the calculation of the underbillings/ove
s js js js js js js js js js js js
rbillings has been included in Chapter 14. js js js js js js
• The effects of taxes on decision has been updated in Chapter 18 to incorp
js js js js js js js js js js js js js
orate theTax Cuts and Jobs Act.js js js js js js
The Instructor’s Manual includes a list of learning objectives, instructional hint
js js js js js js js js js js
s, suggested activities, and resources for each chapter. Files for the figures and t
js js js js js js js js js js js js js
ables in the textbook are found on the instructor’s website. It is my hope that th
js js js js js js js js js js js js js js js
ese resources will make it easier for course instructors to teach the material in a
js js js js js js js js js js js js js js
meaningful manner. Because the courses that use this textbook are quite diver
js js js js js js js js js js js js
se, it is impossible to organize the chapters into one best order. Each instructor
js js js js js js js js js js js js js js
should consider his or her individual program and determine which chapters ne
js js js js js js js js js js js
ed to be taught and in what order.
js js js js js js js
Best wishes, js
Steven J. Peterson, MBA, PE js js js js
