Intended for undergraduate and equivalent students of building, building surveying, construction economics and quantity surveying, this book gives an accessible and clear explanation of accounting terminology, concepts, practices and procedures. The book is divided into two parts. The first eight chapters deal with financial reporting and analysis, covering such topics as business finance, the financial position and the balance sheet, profit and loss, cash flow and the interpretation of financial statements. The second part consists of a further nine chapters on management planning and control practices. Here topics such as costs, overhead attribution, cost/volume/profit analysis and budgeting are discussed, among others.
Table of ContentsPreface.- PART 1: FINANCIAL REPORTING AND ANALYSIS Types of Business Formation.- Sources of Business Finance.- Financial Views of a Business.- Financial Position and the Balance Sheet.- Profit Measurement and the Profit and Loss Account.- Sources and Uses of Cash and the Cash Flow.- Statement Accounting Aspects of Long-term Contracts.- Evaluation and Interpretation of Financial Statements.- PART 2: MANAGEMENT PLANNING AND CONTROL PRACTICES Cost Classification Overhead Attribution.- Cost Ascertainment.- Cost/Volume/Profit Analysis.- Short-term Decision Making Techniques.- Long-term Decision Making Techniques.- Budgetary Control.- Cash Budgeting Standard Costing.- Appendix 1: Extracts from the Annual Report and Accounts of a Building/Property Development Company.- Appendix 2: Present Value Tables.- Appendix 3: CIOB Building Economics and Finance.- Questions and Solutions.