Construction Accounting and Financial Management

Description

This book takes general business accounting and financial principles as well as engineering economics and adapts them to the unique characteristics of the construction industry. It provides all of the key financial management principles needed by construction managers under one cover, addressing how they are applied in the construction industry and how they interact. This book teaches students how to account for the company's financial resources, how to manage the costs and profits of a construction company, how to manage the company's cash flows, how to evaluate different sources of funding a company's cash needs, and how to quantitatively analyze financial decisions. Content: I. INTRODUCTION TO CONSTRUCTION FINANCIAL MANAGEMENT. 1. Construction Financial Management. II. ACCOUNTING FOR FINANCIAL RESOURCES. 2. Construction Accounting Systems. 3. Accounting Transactions. 4. More Construction Accounting. 5. Depreciation. 6. Analysis of Financial Statements. III. MANAGING COSTS AND PROFITS. 7. Managing Costs. 8. Determining Labor Burden. 9. Managing General Overhead Costs. 10. Setting Profit Margins for Bidding. 11. ProfitCenterAnalysis. 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. 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: Amortization Schedule. Appendix G: Glossary. Appendix H: List of Variables.