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.
Part I: Introduction To Construction Financial Management
Chapter 1 Construction Financial Management
Part II: Accounting For Financial Resources
Chapter 2 Construction Accounting Systems
Chapter 3 Accounting Transactions
Chapter 4 More Construction Accounting
Chapter 5 Depreciation
Chapter 6 Analysis Of Financial Statements
Part III: Managing Costs And Profits
Chapter 7 Managing Costs
Chapter 8 Determining Labor Burden
Chapter 9 Managing General Overhead Costs
Chapter 10 Setting Profit Margins For Bidding
Chapter 11 Profit Center Analysis
Part IV: Managing Cash Flows
Chapter 12 Cash Flows For Construction Projects
Chapter 13 Projecting Income Taxes
Chapter 14 Cash Flows For Construction Companies
Chapter 15 Time Value Of Money
Chapter 16 Financing A Company’S Financial Needs
Part V: Making Financial Decisions
Chapter 17 Tools For Making Financial Decisions
Chapter 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
