Construction Accounting and Financial Management / Edition 1

Construction Accounting and Financial Management / Edition 1

by Steven J. Peterson
     
 

ISBN-10: 0131109391

ISBN-13: 9780131109391

Pub. Date: 04/30/2004

Publisher: Prentice Hall

Focusing on the principles of accounting and financial management needed to make construction projects and companies financially successful, Construction Accounting and Financial Management provides the background for prospective and practicing construction managers. Making no assumptions about any special training, Professor Peterson leads the reader step by step

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Overview

Focusing on the principles of accounting and financial management needed to make construction projects and companies financially successful, Construction Accounting and Financial Management provides the background for prospective and practicing construction managers. Making no assumptions about any special training, Professor Peterson leads the reader step by step through the business practices needed for solid decision making. All applications are related to the construction field. Some of the key features include:

  • Determining the profitability of different construction activities, project types, and potential customers, allowing managers to focus on the best aspects of their business.
  • Projecting costs from the first subcontract and purchase order as well as potential cost overruns so they can be quickly addressed.
  • Projecting cash flow and cash requirements so managers can adjust business practices to avoid cash shortages.
  • Tracking and accounting for heavy equipment costs, allowing managers to fairly charge them to the project and to determine the profitability of equipment use.

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Product Details

ISBN-13:
9780131109391
Publisher:
Prentice Hall
Publication date:
04/30/2004
Edition description:
Older Edition
Pages:
576
Product dimensions:
7.62(w) x 9.38(h) x 1.43(d)

Table of Contents

Ch. 1Construction financial management3
Ch. 2Construction accounting systems17
Ch. 3Accounting transactions45
Ch. 4More construction accounting77
Ch. 5Depreciation91
Ch. 6Analysis of financial statements117
Ch. 7Managing costs147
Ch. 8Determining labor burden167
Ch. 9Managing general overhead costs183
Ch. 10Setting profit margins for bidding209
Ch. 11Profit center analysis223
Ch. 12Cash flows for construction projects245
Ch. 13Projecting income taxes279
Ch. 14Cash flows for construction companies297
Ch. 15Time value of money325
Ch. 16Financing a company's financial needs361
Ch. 17Tools for making financial decisions409
Ch. 18Income taxes and financial decisions457
App. AComputerized accounting systems479
App. BTrend analysis485
App. CDerivation of selected equations493
App. DInterest factors497
App. EAmortization schedule529

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