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CONSTRUCTION ACCOUNTING & FINANCIAL MANAGEMENT, 3/e helps construction professionals and construction management students master the principles of financial management, and adapt and apply them to the challenge of profitably managing construction companies. It integrates content that has traditionally been taught through separate accounting, finance, and engineering economics texts. Students learn how to account for a construction company’s financial resources; how to manage its costs, profits, and cash flows; how to evaluate different sources of funding a company’s cash needs; and how to quantitatively analyze financial decisions. Readers gain hands-on experience through 220 example problems and over 390 practice problems, many of them based on situations actually encountered by the author. This edition adds more than 100 new discussion questions, and presents financial equations and accounting transactions more visually to support more intuitive learning.
Table of Contents:
Part I. Introduction to Construction Financial Management
1. Construction Financial Management
Part II. Accounting for Financial Resources
2. Construction Accounting Systems
3. Accounting Transactions
4. More Construction Accounting
5. Depreciation
6. Analysis of Financial Statements
Part III. Managing Costs and Profits
7. Managing Costs
8. Determining Labor Burden
9. Managing General Overhead Costs
10. Setting Profit Margins for Bidding
11. Profit Center Analysis
Part IV. Managing Cash Flows
12. Cash Flows for Construction Projects
13. Projecting Income Taxes
14. Cash Flows for Construction Companies
15. Time Value of Money
16. Financing a Company’s Financial Needs
Part V. Making Financial Decisions
17. Tools for Making Financial Decisions
18. Income Taxes and Financial Decisions
Appendix A. Computerized Accounting Systems
Appendix B. Excel Primer
Appendix C. Trend Analysis
Appendix D. Derivation of Selected Equations
Appendix E. Interest Factors
Appendix F. Glossary
Appendix G. List of Variables
Index
