Solution Manual For Construction Accounting and Financial Management, 4th Edition by Steven J. Peterson, Complete Chapters 1 - 18, Verified Latest Version Update

SOLUTION MANUAL

Construction Accounting and Financial Management,

4th Edition Steven J. Peterson

Chapters 1 - 18, Complete Newest Version

, TABLE OF CONTENTS
NewLtoLtheLFourthLEdition 1

ChapterL1:LConstructionLFinancialLManagement 2

ChapterL2:LConstructionLAccountingLSystems 4

ChapterL3:LAccountingLTransactions 7

ChapterL4:LMoreLConstructionLAccounting 23

ChapterL5:LDepreciation 34

ChapterL6:LAnalysisLofLFinancialLStatements 50

ChapterL7:LManagingLCosts 58

ChapterL8:LDeterminingLLaborLBurden 62

ChapterL9:LManagingLGeneralLOverheadLCosts 65

ChapterL10:LSettingLProfitLMarginsLforLBidding 67

ChapterL11:LProfitLCenterLAnalysis 70

ChapterL12:LCashLFlowsLForLConstructionLProjects 75

ChapterL13:LProjectingLIncomeLTaxes 87

ChapterL14:LCashLFlowsLforLaLConstructionLCompany 91

ChapterL15:LTimeLValueLofLMoney 93

ChapterL16:LFinancingLaLCompany’sLFinancialLNeeds 99

ChapterL17:LMakingLFinancialLDecisions 111

ChapterL18:LIncomeLTaxesLandLFinancialLDecisions 130

, NewLtoLtheLFourthLEdition
TheLmajorLchangesLtoLtheLfourthLeditionLincludeLtheLfollowing
• TheLbusinessLfailureLrateLforLconstructionLcompaniesLinLChapterL1Lhav
eLbeenLupdated.
• SectionsLonLcostLsegregationLandLbonusLdepreciationLhaveLbeenLaddedLtoLChapter
L5.
• TheLdiscussionLofLtypicalLmedianLratiosLinLChapterL6LhasLbeenLupdated.
• ALsectionLonLtheLmonitoringLandLcontrollingLprocessLhasLbeenLaddedLtoLChapterL7
.
• ALsectionLonLmanagingLdesign-buildLcostsLhasLbeenLaddedLtoLChapterL7.
• TheLwages,LsocialLsecurity,LandLMedicareLcostsLwereLupdatedLinLChapter
sL8,L9,LandL14.
• ALweeklyLcashLflowLproblemLhasLbeenLaddedLtoLChapterL12.
• TheLincomeLtaxLregulationsLinLChapterL13LhaveLbeenLupdatedLtoLinco
rporateLprovisionsLofLTheLTaxLCutsLandLJobsLActLpassedLinLDecemberL
2017.
• TheLprojectLcashLflowsLusedLtoLdevelopLanLannualLcashLflowLforLaLconstru
ctionLcompanyLhaveLbeenLexpandedLtoLcoverLtheLentireLprojectL(includingL
workLdoneLinLtheLpriorLyear)LandLtheLcalculationLofLtheLunderbillings/overbi
llingsLhasLbeenLincludedLinLChapterL14.
• TheLeffectsLofLtaxesLonLdecisionLhasLbeenLupdatedLinLChapterL18LtoLincorp
orateLtheLTaxLCutsLandLJobsLAct.
TheLInstructor’sLManualLincludesLaLlistLofLlearningLobjectives,LinstructionalLhints,Lsu
ggestedLactivities,LandLresourcesLforLeachLchapter.LFilesLforLtheLfiguresLandLtablesLi
nLtheLtextbookLareLfoundLonLtheLinstructor’sLwebsite.LItLisLmyLhopeLthatLtheseLres
ourcesLwillLmakeLitLeasierLforLcourseLinstructorsLtoLteachLtheLmaterialLinLaLmeanin
gfulLmanner.LBecauseLtheLcoursesLthatLuseLthisLtextbookLareLquiteLdiverse,LitLisLim
possibleLtoLorganizeLtheLchaptersLintoLoneLbestLorder.LEachLinstructorLshouldLconsi
derLhisLorLherLindividualLprogramLandLdetermineLwhichLchaptersLneedLtoLbeLtaugh
tLandLinLwhatLorder.
BestLwishes,
StevenLJ.LPeterson,LMBA,LPE

, ChapterL1:LConstructionLFinancialLManagement

LearningLObjectives
AtLtheLcompletionLofLthisLchapterLtheLstudentLshouldLbeLableLto:
• ExplainLwhyLfinancialLmanagementLisLsoLimportantLtoLaLconstructionLcompany.
• ExplainLwhyLfinancialLmanagementLisLdifferentLforLconstructionLcompaniesLth
anLforLmostLotherLindustries.
• UnderstandLthatLallLmanagerialLemployeesLfromLtheLownerLtoLtheLcrewLfor
epersonLplayLaLroleLinLfinancialLmanagementLofLaLconstructionLcompany.


InstructionalLHints
• CompareLaLconstructionLcompanyLtoLaLmanufacturingLplant.LEmphasizeLth
eLdifferencesLbetweenLaLconstructionLcompanyLandLaLmanufacturingLplant,
Lparticularly:LconstructionLcompaniesLbuildLuniqueLproductsLandLtheLequip
mentLisLnotLusuallyLstationaryLatLsingleLlocation.LTheseLareLtheLreasonsLaL
constructionLcompanyLneedsLaLjobLcostLsystemLandLanLequipmentLcostLsys
tem.


Activities
• InviteLaLfinancialLmanagerL(forLexample,LanLaccountantLorLgeneralLmanager)L
fromLaLconstructionLcompanyLtoLyourLclassLtoLdiscussLtheirLroleLasLaLfinancia
lLmanager.
• HaveLeachLstudentLinterviewLaLmanagementLemployeeLforLaLconstructionLco
mpany.LTheLinterviewsLshouldLincludeLowners,LprojectLmanagers,Lsuperintend
ents,LandLforepersons.LEachLstudentLisLtoLfindLoutLhowLtheLemployeeLcontri
butesLtoLtheLfinancialLmanagementLofLtheLcompany.LDiscussLtheirLfindingsLi
nLclass.


InstructionLResources
• TheLfiguresLfromLthisLchapterLinLelectronicLformatLandLPowerPointLslidesL
canLbeLfoundLatLtheLinstructor’sLwebsite.
• DataLonLconstructionLfailuresLcanLbeLobtainedLfromLtheLSuretyLInformation
LOfficeL(www.sio.org).
• CurrentLdataLonLconstructionLcompanyLfailuresLcanLbeLfoundLatLhttp://www.
census.gov/ces/dataproducts/bds/data_firm.html.LTheLmostLusefulLdataLcomes
LfromLreportsLthatLincludeLtheLsectorL(e.g.,LSector,LFirmLAgeLbyLSector,LandL