Construction Accounting & Financial Management: Pearson New International Edition

Description

For all courses in construction accounting and construction finance, and for courses in engineering economics taught in construction management programs.    This book 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. Cover Table of Contents 1. Construction Financial Management 2. Construction Accounting Systems 3. Accounting Transactions 4. More Construction Accounting 5. Depreciation 6. Analysis of Financial Statements 7. Managing Costs 8. Determining Labor Burden 9. Managing General Overhead Costs 10. Setting Profit Margins for Bidding 11. Profit Center Analysis 12. Cash Flows for Construction Projects 13. Cash Flows for Construction Companies 14. Time Value of Money 15. Tools for Making Financial Decisions Appendix: Computerized Accounting Systems Appendix: Derivation of Selected Equations Appendix: Glossary Appendix: List of Variables Index 1 4 A B C D E F G H I J L M N O P Q R S T U V W