CONSTRUCTION ACCOUNTING & FINANCIAL MANAGEMENT, 3/ehelps 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.

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