100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Instructor’s Manual To Accompany CONSTRUCTION ACCOUNTING AND FINANCIAL MANAGEMENT Fourth Edition Steven J. Peterson, MBA, PE Weber State University $10.98
Add to cart
Quickly navigate to
Preview
  2.  
  3. Business
  4.  
  5. Business

Exam (elaborations)

Instructor’s Manual To Accompany CONSTRUCTION ACCOUNTING AND FINANCIAL MANAGEMENT Fourth Edition Steven J. Peterson, MBA, PE Weber State University
 1 purchase
  • Course
  • Business
  • Institution
  • Business
  • Book
  • Construction Accounting and Financial Management

Instructor’s Manual To Accompany CONSTRUCTION ACCOUNTING AND FINANCIAL MANAGEMENT Fourth Edition Steven J. Peterson, MBA, PE Weber State University Complete Solution Manual

Preview 4 out of 133  pages

Document information

  • June 5, 2022
  • 133
  • 2020/2021
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mba
  • construction accounting and financial management fourth edition steven j peterson
  • pe weber state university
  • instructor’s manual to accompany construction accounting and financial management fou

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • Solution Manual For Construction Accounting and Financial Management, 4th Edition by Steven J. Peterson, Verified Chapters 1 - 18, Complete Newest Version
  • Solution Manual For Construction Accounting and Financial Management, 4th Edition by Steven J. Peterson, Complete Chapters 1 - 18, Verified Latest Version
  • Construction Accounting and Financial Management, 4th Edition Solution Manual by Steven J. Peterson, Verified Chapters 1 - 18, Complete Newest Version
All for this textbook (59)

Written for

  • Business
All documents for this subject (802)

Seller

avatar-seller
SolutionsStuvia

Reviews received

Content preview

Instructor’s Manual To Accompany




CONSTRUCTION ACCOUNTING
AND FINANCIAL MANAGEMENT
Fourth Edition
Steven J. Peterson, MBA, PE

Weber State University




Boston Columbus Indianapolis New York San Francisco Upper Saddle River

Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal

Toronto Delhi Mexico City Sao Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo




_____________________________________________________________________




ISBN-13: 978-0-13-520089-6

ISBN-10 : 0-13-52008-9X

, CONTENTS
New to the Fourth Edition 1
Chapter 1: Construction Financial Management 2
Chapter 2: Construction Accounting Systems 4
Chapter 3: Accounting Transactions 7
Chapter 4: More Construction Accounting 23
Chapter 5: Depreciation 34
Chapter 6: Analysis of Financial Statements 50
Chapter 7: Managing Costs 58
Chapter 8: Determining Labor Burden 62
Chapter 9: Managing General Overhead Costs 65
Chapter 10: Setting Profit Margins for Bidding 67
Chapter 11: Profit Center Analysis 70
Chapter 12: Cash Flows For Construction Projects 75
Chapter 13: Projecting Income Taxes 87
Chapter 14: Cash Flows for a Construction Company 91
Chapter 15: Time Value of Money 93
Chapter 16: Financing a Company’s Financial Needs 99
Chapter 17: Making Financial Decisions 111
Chapter 18: Income Taxes and Financial Decisions 130




iii
Copyright © 2020 Pearson Education, Inc.

, New to the Fourth Edition
The major changes to the fourth edition include the following
The business failure rate for construction companies in Chapter 1 have been
updated.
Sections on cost segregation and bonus depreciation have been added to Chapter
5.
The discussion of typical median ratios in Chapter 6 has been updated.
A section on the monitoring and controlling process has been added to Chapter 7.
A section on managing design-build costs has been added to Chapter 7.
The wages, social security, and Medicare costs were updated in Chapters 8, 9,
and 14.
A weekly cash flow problem has been added to Chapter 12.
The income tax regulations in Chapter 13 have been updated to incorporate
provisions of The Tax Cuts and Jobs Act passed in December 2017.
The project cash flows used to develop an annual cash flow for a construction
company have been expanded to cover the entire project (including work done in
the prior year) and the calculation of the underbillings/overbillings has been
included in Chapter 14.
The effects of taxes on decision has been updated in Chapter 18 to incorporate the
Tax Cuts and Jobs Act.
The Instructor’s Manual includes a list of learning objectives, instructional hints,
suggested activities, and resources for each chapter. Files for the figures and tables in the
textbook are found on the instructor’s website. It is my hope that these resources will
make it easier for course instructors to teach the material in a meaningful manner.
Because the courses that use this textbook are quite diverse, it is impossible to organize
the chapters into one best order. Each instructor should consider his or her individual
program and determine which chapters need to be taught and in what order.
Best wishes,
Steven J. Peterson, MBA, PE




1
Copyright © 2020 Pearson Education, Inc.

, Chapter 1: Construction Financial Management

Learning Objectives
At the completion of this chapter the student should be able to:
Explain why financial management is so important to a construction company.
Explain why financial management is different for construction companies than
for most other industries.
Understand that all managerial employees from the owner to the crew foreperson
play a role in financial management of a construction company.


Instructional Hints
Compare a construction company to a manufacturing plant. Emphasize the
differences between a construction company and a manufacturing plant,
particularly: construction companies build unique products and the equipment is
not usually stationary at single location. These are the reasons a construction
company needs a job cost system and an equipment cost system.


Activities
Invite a financial manager (for example, an accountant or general manager) from
a construction company to your class to discuss their role as a financial manager.
Have each student interview a management employee for a construction
company. The interviews should include owners, project managers,
superintendents, and forepersons. Each student is to find out how the employee
contributes to the financial management of the company. Discuss their findings in
class.


Instruction Resources
The figures from this chapter in electronic format and PowerPoint slides can be
found at the instructor’s website.
Data on construction failures can be obtained from the Surety Information Office
(www.sio.org).
Current data on construction company failures can be found at
http://www.census.gov/ces/dataproducts/bds/data_firm.html. The most useful data
comes from reports that include the sector (e.g., Sector, Firm Age by Sector, and
Firm Size by Sector) because construction can be separated from other industries.




2
Copyright © 2020 Pearson Education, Inc.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller SolutionsStuvia. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.98. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69411 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.98  1x  sold
  • (0)
Add to cart
Added