Construction Accounting & Financial Management

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Author :
Publisher : Pearson Higher Ed
ISBN 13 : 1292054875
Total Pages : 281 pages
Book Rating : 4.2/5 (92 download)

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Book Synopsis Construction Accounting & Financial Management by : Stephen Peterson

Download or read book Construction Accounting & Financial Management written by Stephen Peterson and published by Pearson Higher Ed. This book was released on 2013-10-03 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Cost Accounting and Financial Management for Construction Project Managers

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Author :
Publisher : Routledge
ISBN 13 : 1351376942
Total Pages : 400 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Cost Accounting and Financial Management for Construction Project Managers by : Len Holm

Download or read book Cost Accounting and Financial Management for Construction Project Managers written by Len Holm and published by Routledge. This book was released on 2018-09-03 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's unique practical approach focuses on the activities of the construction management team, including the project manager, superintendent, project engineer, and jobsite cost engineers and cost accountants. In short, this book provides a seamless connection between cost accounting and construction project management from the construction management practitioner’s perspective. Following a complete accounting cycle, from the original estimate through cost controls to financial close-out, the book makes use of one commercial construction project case study throughout. It covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. But unlike other texts, this book also covers additional financial responsibilities such as cost estimates, change orders, and project close-out. Also included are more advanced accounting and financial topics such as supply chain management, activity-based accounting, lean construction techniques, taxes, and the developer’s pro forma. Each chapter contains review questions and applied exercises and the book is supplemented with an eResource with instructor manual, estimates and schedules, further cases and figures from the book. This textbook is ideal for use in all cost accounting and financial management classes on both undergraduate and graduate level construction management or construction engineering programs.

Financial Management in Construction Contracting

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1405125063
Total Pages : 458 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Financial Management in Construction Contracting by : Andrew Ross

Download or read book Financial Management in Construction Contracting written by Andrew Ross and published by John Wiley & Sons. This book was released on 2013-01-29 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative text provides a detailed insight into how construction companies manage their finances at both corporate and project level. It will guide students and practitioners through the complexities of the financial reporting of construction projects within the constraints of accepted accounting practice. The book is written for non-accountants and from a contractor’s perspective and is equally relevant to subcontractors and main contractors. The authors examine the relationship between the external annual accounts and the internal cost-value reconciliation process. CVR is covered in depth and the authors consider issues such as interim payments, subcontract accounts, contractual claims, final accounts, cash flow management and the reporting of the physical and financial progress of contracts. A broad perspective of all the financial aspects of contracting is taken along with related legal issues and the authors explain how things operate in the ‘real world’. They describe good practice in financial control while at the same time being honest about some of the more questionable practices that can - and do - happen. The approach taken is unique as the financial management of construction projects is considered from the perspective of the contractor’s quantity surveyor. The book deals with the real issues that surveyors have to address when using their judgment to report turnover, profitability, cash flow, and work in progress on projects and the financial problems faced by subcontractors are frankly and pragmatically explored. The payment and notice requirements of the Construction Act are explained in detail and relevant provisions of JCT2011, NEC3, ICC, DOM/1 and other standard contracts and subcontracts are also covered. Financial Management in Construction Contracting addresses the wide variety of external factors that influence how construction companies operate, including government policy, banking covenants and the financial aspects of supply chain management. Cost reporting systems are described and real-life examples are used to illustrate cost reports, accrual systems and how computerised systems can be employed to provide the QS with information that can be audited. Examples drawn from practice demonstrate how work-in-progress (WIP) is reported in contracting. Cost value reconciliation reports are featured and the book demonstrates how adjustments are made for overmeasure, undermeasure, subcontract liabilities and WIP as well as explaining the processes that contractors use when analysing external valuations. This is the ideal core text for final year degree and post-graduate level modules on Quantity Surveying, Commercial Management, Construction Management and Project Management courses and will provide an invaluable source of reference for quantity surveyors and others who may be engaged in the financial management of construction projects. The book’s companion website at www.wiley.com/go/rossfinancialmanagement offers invaluable resources for students and lecturers as well as for practising construction managers: end-of-chapter exercises + outline answers PowerPoint slides for each chapter ideas for discussion topics links to useful websites

Construction Accounting & Financial Management

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Author :
Publisher : McGraw Hill Professional
ISBN 13 : 9780071359634
Total Pages : 630 pages
Book Rating : 4.3/5 (596 download)

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Book Synopsis Construction Accounting & Financial Management by : William Palmer

Download or read book Construction Accounting & Financial Management written by William Palmer and published by McGraw Hill Professional. This book was released on 1999-10-06 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher's Note: Products purchased from Third Party sellers are not guaranteed by the publisher for quality, authenticity, or access to any online entitlements included with the product.

Financial Management and Accounting Fundamentals for Construction

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118174275
Total Pages : 323 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Financial Management and Accounting Fundamentals for Construction by : Daniel W. Halpin

Download or read book Financial Management and Accounting Fundamentals for Construction written by Daniel W. Halpin and published by John Wiley & Sons. This book was released on 2011-09-09 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: TECHNOLOGY/ENGINEERING/CIVIL SUCCESSFUL FINANCIAL MANAGEMENT IN THE CONSTRUCTION INDUSTRY BEGINS WITH THIS HANDS-ON GUIDE While construction professionals are skilled in the technical side of their work, they often find the financial management aspect of the business daunting. Financial Management and Accounting Fundamentals for Construction will help you better understand and navigate the financial decisions that are part of every construction project. This book is a compact summary of the basic financial skills that a construction professional must have to be successful in the management of a construction company and its projects. Its topics address many of the questions that any construction administrator will face, such as: How to organize and use a company's financial reports What amount of cash must be made available to the contractor to complete a project Why the early payment of supplier invoices can enhance profitability How to quantify the time value of money in financial decisions What tax amount is owed by a company and how it impacts the bottom line How to control project costs What financial sources are available to a construction contractor for capital expansion In this text, you will learn about accounting fundamentals, project-related financial matters, and company level financial issues three factors that are key to your career success. An ideal reference for students of construction management and engineering, as well as professionals who need a quick refresher when dealing with cost control analysis and other financial issues, this text also offers: Easy-to-understand coverage of financial concepts specific to the construction industry, including business taxation, project control, engineering economy, and financial forecasting Numerous worked examples, plus end-of-chapter review questions and exercises Helpful appendices that present the structure of a typical chart of accounts, the flow of transactions through a construction accounting system, and tables required for computing interest and the time value of money

Practical Construction Accounting and Financial Management

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Author :
Publisher :
ISBN 13 : 9781612497655
Total Pages : 230 pages
Book Rating : 4.4/5 (976 download)

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Book Synopsis Practical Construction Accounting and Financial Management by : Yunfeng Chen

Download or read book Practical Construction Accounting and Financial Management written by Yunfeng Chen and published by . This book was released on 2022-06-15 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical Construction Accounting and Financial Management provides instructions, training, exercises, and examples of the fundamentals that successful construction contractors must master: the ability to capture, summarize, analyze, and forecast operation data to be better informed when making project and business decisions. Typically, a project manager is not involved with data entry but is a source of data collection. Often the project manager?s lack of understanding of accounting systems creates a situation where the project manager?s role in the data retrieval and entry is compromised. This compromise results in poor decisions being made by the project and company managers due to inaccurate and untimely data. This book provides current and future construction professionals with an awareness of fundamental accounting concepts and financial principles to successfully manage the finances of construction companies, including accurately pricing projects based on actual overhead and profit recovery needs, successfully controlling the cost to operate a construction company through the comparison between company budgets and actual financial statements, and proactively forecasting cash needs before falling into a potential cash trap that could force the company into bankruptcy.

Project Finance for Construction

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1317377141
Total Pages : 414 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Project Finance for Construction by : Anthony Higham

Download or read book Project Finance for Construction written by Anthony Higham and published by Taylor & Francis. This book was released on 2016-12-08 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world of construction is intrinsically linked with that of finance, from the procurement and tendering stage of projects right through to valuation of buildings. In addition to this, things like administrations, liquidations, mergers, take-overs, buy-outs and floatations affect construction firms as they do all other companies. This book is a rare explanation of common construction management activities from a financial point of view. While the practical side of the industry is illustrated here with case studies, the authors also take the time to build up an understanding of balance sheets and P&L accounts before explaining how common tasks like estimating or valuation work from this perspective. Readers of this book will not only learn how to carry out the tasks of a construction cost manager, quantity surveyor or estimator, they will also understand the financial logic behind them, and the motivations that drive senior management. This is an essential book for students of quantity surveying or construction management, and all ambitious practitioners.

Builder's Guide to Accounting

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Author :
Publisher : Craftsman Book Company
ISBN 13 : 9781572181052
Total Pages : 370 pages
Book Rating : 4.1/5 (81 download)

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Book Synopsis Builder's Guide to Accounting by : Michael C. Thomsett

Download or read book Builder's Guide to Accounting written by Michael C. Thomsett and published by Craftsman Book Company. This book was released on 2001-07 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes self-test section at the end of each chapter. Test yourself, then check answers in the back of the book to see how you score. CD-ROM included.

Managing Diversity and Equality in Construction

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Author :
Publisher : Routledge
ISBN 13 : 1134441746
Total Pages : 380 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Managing Diversity and Equality in Construction by : Andrew W. Gale

Download or read book Managing Diversity and Equality in Construction written by Andrew W. Gale and published by Routledge. This book was released on 2006-07-28 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: With women in the UK construction industry constituting just thirteen per cent of the workforce and black and Asian workers numbering less that two per cent, despite representing more than six per cent of the working population, diversity is a problem that the construction industry needs to tackle directly. In this title, diversity management is presented as an opportunity for the construction industry. Work is presented from several different countries and regions, in North America, Australia and Europe to provide a comprehensive picture of this complex and often sensitive issue. Going beyond the traditional topics of gender and racial discrimination contributions encompass a wide range of diversity issues facing the construction industry, including sexual orientation, disability and the work-life balance. Essential reading for construction managers and a valuable resource for post-graduate researchers, this key title provides not only a thorough exposition of contemporary research but also supplies the practical diagnostic tools, and techniques to successfully manage diversity in construction and the information to adhere to the law.

Construction Site Planning and Logistical Operations

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Publisher : Purdue University Press
ISBN 13 : 1557536465
Total Pages : 406 pages
Book Rating : 4.5/5 (575 download)

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Book Synopsis Construction Site Planning and Logistical Operations by : Randy R. Rapp

Download or read book Construction Site Planning and Logistical Operations written by Randy R. Rapp and published by Purdue University Press. This book was released on 2015 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Organizing and administering a construction site so that the right resources get to the right place in a timely fashion demands strong leadership and a rigorous process. Good logistical operations are essential to profitability, and this book is the essential, muddy boots guide to efficient site management. Written by experienced educator-practitioners from the world-leading Building Construction Management program at Purdue University, this volume is the ultimate guide to the knowledge, skills, and abilities that need to be mastered by project superintendents. Observations about leadership imperatives and techniques are included. Organizationally, the book follows site-related activities from bidding to project closeout. Beyond outlining broad project managerial practices, the authors drill into operational issues such as temporary soils and drainage structures, common equipment, and logistics. The content is primarily geared for the manager of a domestic or small commercial building construction project, but includes some reference to public and international work, where techniques, practices, and decision making can be substantially different. The book is structured into five sections and fifteen chapters. This facilitates ready adaptation either to industry training seminars or to university courses: Section I. The Project and Site Pre-Planning: The Construction Project and Site Environment (Randy R. Rapp); Due Diligence (Robert Cox); Site Organization and Layout (James O'Connor). Section II. The Site and Field Engineering Issues: Building Layout (Douglas Keith); Soil and Drainage Issues (Yi Jiang and Randy R. Rapp). Section III. Site Logistics: Site Logistical Procedures and Administration (Daphene Koch); Earthmoving (Douglas Keith); Material Handling Equipment (Bryan Hubbard). Section IV. Leadership and Control: Leadership and Communication (Bradley L. Benhart); Health, Safety, Environment (HSE), and Security (Jeffrey Lew); Project Scheduling (James Jenkins); Project Site Controls (Joseph Orczyk); Inspection and QA/QC (James Jenkins). Section V. Planning for Completion: Site-Related Contract Claims (Joseph Orczyk); Project Closeout (Randy R. Rapp).

Construction Accounting

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Author :
Publisher : Accounting Tools
ISBN 13 : 9781938910753
Total Pages : 216 pages
Book Rating : 4.9/5 (17 download)

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Book Synopsis Construction Accounting by : Steven M. Bragg

Download or read book Construction Accounting written by Steven M. Bragg and published by Accounting Tools. This book was released on 2016-10-31 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Construction Accounting addresses every aspect of the accounting for a construction business. The intent is to not only explain accounting concepts, but also provide examples and show how an accounting system can be constructed and operated. The book pays particular attention to unique aspects of construction accounting that are not encountered in other industries, including the job cost ledger, change orders, back charges, percentage of completion calculations, and the treatment of anticipated losses on contracts.

Managing a Construction Firm on Just 24 Hours a Day

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Publisher : McGraw Hill Professional
ISBN 13 : 007163147X
Total Pages : 417 pages
Book Rating : 4.0/5 (716 download)

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Book Synopsis Managing a Construction Firm on Just 24 Hours a Day by : Matt Stevens

Download or read book Managing a Construction Firm on Just 24 Hours a Day written by Matt Stevens and published by McGraw Hill Professional. This book was released on 2006-11-09 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This detailed overview of the construction contracting business delivers an invaluable collection of best practices, forms, templates, and checklists designed to reduce risks and increase profits. Contractors will learn everything they need to know about the make-or-break areas of estimating, pricing, bidding, project management, and financial management. The author is well-known in the industry, with a weekly newsletter, website, online digest, regular column for Contractor magazine, and 70-plus seminar bookings for 2006 Extensive examples and illustrations help readers apply the insights offered

Managing the Profitable Construction Business

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Publisher : John Wiley & Sons
ISBN 13 : 1118837134
Total Pages : 288 pages
Book Rating : 4.1/5 (188 download)

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Book Synopsis Managing the Profitable Construction Business by : Thomas C. Schleifer

Download or read book Managing the Profitable Construction Business written by Thomas C. Schleifer and published by John Wiley & Sons. This book was released on 2014-02-21 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Take control of your construction contracting business and manage it through the natural highs and lows of the construction market. Learn from a team of construction business veterans led by Thomas C. Schleifer, who is commonly referred to as a construction business "turnaround" expert due to the number of construction companies he has rescued from financial distress. His financial acumen, combined with his practical, hands-on experience, has made him a sought-after private consultant. His experience and no-nonsense philosophy have truly given him a unique perspective. Important topics covered include: Understanding the primary areas of construction business failure in the next decade Minimizing business risk with real-world examples Developing a positive and competent management attitude and strategy Discover how to maneuver through this complicated and risky industry by using the authors' research and proven success strategies to sustain and grow your business.

Management of Construction Projects

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Publisher : Taylor & Francis
ISBN 13 : 1003856225
Total Pages : 296 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Management of Construction Projects by : John Schaufelberger

Download or read book Management of Construction Projects written by John Schaufelberger and published by Taylor & Francis. This book was released on 2024-03-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unique among construction project management textbooks, Management of Construction Projects, third edition, takes the constructor’s perspective, carefully analyzing a complex, real-world construction case study from multiple angles to demonstrate the skills, knowledge, and techniques students require to become successful project managers. Popular as an undergraduate text and as a contractor resource, the book identifies key stages of the project-management process, such as delivery methods and contracts; estimating, planning, and scheduling; preconstruction services; subcontracting and material management; documentation, communications, and payment; controls, quality, and safety; leadership and ethics; and claims, disputes, and close-out. This third edition includes a novel case study, a new chapter on preconstruction services, updated contract forms and figures, and additional student exercises, and integrates use of project management technology. Topics include building information models, sustainable construction, environmental compliance, lean construction, and off-site construction. Boxed examples, or short case studies, have been included with each chapter. These examples correspond directly to the chapters in which they are included and give the reader an applied approach to learning the concepts presented. While primarily focused on the management of commercial projects, the principles and techniques in Management of Construction Projects also apply to residential, industrial, and heavy construction. Written in straightforward language from a constructor’s perspective, this textbook prepares upcoming construction project managers with everything they need to see a successful project through from start to finish.

The Complete Guide to Portfolio Construction and Management

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Publisher : John Wiley & Sons
ISBN 13 : 111997688X
Total Pages : 325 pages
Book Rating : 4.1/5 (199 download)

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Book Synopsis The Complete Guide to Portfolio Construction and Management by : Lukasz Snopek

Download or read book The Complete Guide to Portfolio Construction and Management written by Lukasz Snopek and published by John Wiley & Sons. This book was released on 2012-02-06 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the recent financial crisis, many will agree that it is time for a fresh approach to portfolio management. The Complete Guide to Portfolio Construction and Management provides practical investment advice for building a robust, diversified portfolio. Written by a high-profile investment adviser, this book reveals a practical portfolio management framework and new approach to portfolio construction based on four key market forces: macro, fundamental, technical, and behavioural. It is an insight that takes the focus off numbers, looking instead at the role of risk and behavior in finance. As we have seen with the recent finance meltdown, traditional portfolio management techniques are flawed. Investors need to understand those flaws and learn how to incorporate risk management and behavioral finance into their asset management strategies. With a foreword by industry leader Francois-Serge L'habitant, this is your one-stop guide, with new ways for you to manage, grow and preserve your investment portfolio, even in uncertain markets.

Accounting for Infrastructure Regulation

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821371800
Total Pages : 240 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Accounting for Infrastructure Regulation by : Martin Rodriguez Pardina

Download or read book Accounting for Infrastructure Regulation written by Martin Rodriguez Pardina and published by World Bank Publications. This book was released on 2008 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides a practical guide for regulators, policy-makers, and utility managers for establishing regulatory accounts that can be the cornerstone for better, more complete, and more reliable information. It sets out the essential accounting features of regulatory accounts and provides practical guidance on controversial areas such as cost allocation, asset valuation, and depreciation. It emphasizes the essential requirements for consistency with Generally Accepted Accounting Principles (GAAP).

Economics and Finance for Engineers and Planners

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Publisher : Amer Society of Civil Engineers
ISBN 13 : 9780784409749
Total Pages : 301 pages
Book Rating : 4.4/5 (97 download)

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Book Synopsis Economics and Finance for Engineers and Planners by : Neil S. Grigg

Download or read book Economics and Finance for Engineers and Planners written by Neil S. Grigg and published by Amer Society of Civil Engineers. This book was released on 2010 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neil Grigg presents the core issues of economics and finance that relate directly to the work of civil engineers, construction managers, and public works and utility officials.