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. To get similar material students would have to purchase accounting, finance, and engineering economics books–and they still would not have all the information needed to know how these disciplines specifically relate to the construction industry. 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. To assist instructors in teaching these materials the book includes over 180 example problems, over 270 practice problems, and an Instructor's Manual and Disk with complete solutions to the practice problems and sample test problems. 600pp.

Features:

• 3 Books in 1! General business accounting, financial principles, and engineering economics all in one book.

• Tailored for the construction industry! Provides all of the key financial management principles needed by construction managers and addresses how they are applied and how they interact in the construction industry. For example, most accounting books include just a few pages for long-term contracts, which comprise a bulk of the projects for general construction companies.
• Over 180 "Example" problems with detailed solutions and 25 sidebars. Takes students step-by-step through the solution to common construction accounting and finance problems, with at least one example provided for each problem at the end of the chapter. Shows how to solve the example problems with a business calculator. Allows students to understand solutions to common accounting and finance problems as well as the problems located at the end of the chapter.
• Over 270 "Problems" located at the end of the chapters with complete solutions to the problems located in the Instructor's Manual. Provides instructors with valuable course support; they need not create their own problems or solve these problems in order to create homework assignments.
• Over 50 problems that use a spreadsheet program, such as Microsoft Excel, with sample spreadsheet solutions located in the Instructor's Manual. Allows students to learn to use state-of-the-art technology to solve construction accounting and finance problems by creating their own spreadsheets.

Table of Contents:

• I. INTRODUCTION TO CONSTRUCTION FINANCIAL MANAGEMENT
  • Construction Financial Management
• II. ACCOUNTING FOR FINANCIAL RESOURCES
  • Construction Accounting Systems
  • Accounting Transactions
  • More Construction Accounting
  • Depreciation
  • Analysis of Financial Statements
• III. MANAGING COSTS AND PROFITS
  • Managing Costs
  • Determining Labor Burden
  • Managing General Overhead Costs
  • Setting Profit Margins for Bidding
  • Profit Center Analysis
• IV. MANAGING CASH FLOWS
  • Cash Flows For Construction Projects
  • Projecting Income Taxes
  • Cash Flows for Construction Companies
  • Time Value of Money
  • Financing a Company's Financial Needs
• V. MAKING FINANCIAL DECISIONS
  • Tools for Making Financial Decisions
  • Income Taxes and Financial Decisions
• Appendix A: Computerized Accounting Systems
• Appendix B: Trend Analysis
• Appendix C: Derivation of Selected Equations
• Appendix D: Interest Factors
• Appendix E: Amortization Schedule
• Appendix F: Glossary
• Appendix G: List of Variables