Description
Construction Accounting and Financial Management, 4th Edition provides comprehensive coverage of the accounting and financial management principles essential for successfully managing a construction company. Designed specifically for construction accounting courses, the book explains how traditional financial concepts can be adapted to the unique requirements of the construction industry.
The text covers the development and operation of construction accounting systems while providing practical tools for managing costs, profits, cash flow, and financial decisions. The fourth edition also incorporates important developments affecting construction businesses, including cost segregation, the design-build process, and relevant provisions of the Tax Cuts and Jobs Act of 2017.
eBook Notice: This edition is the electronic version of the printed book and may not include media, website access codes, or print supplements that may accompany the bound edition.
Key Topics Covered
- Construction accounting fundamentals
- Construction financial management
- Construction accounting systems
- Job costing
- Cost management
- Profit management
- Cash flow management
- Financial statements
- Budgeting and forecasting
- Financial decision-making
- Construction contracts
- Design-build projects
- Cost segregation
- Construction taxation
- Financial planning for construction companies
What’s New in the 4th Edition
- New coverage of cost segregation.
- Expanded discussion of the design-build process.
- Updated information concerning relevant provisions of the Tax Cuts and Jobs Act of 2017.
- Updated accounting and financial management practices for the construction industry.
Key Features
- Focuses specifically on accounting and finance within construction.
- Explains how accounting principles can be adapted to construction businesses.
- Provides practical tools for financial decision-making.
- Covers the complete framework of a construction accounting system.
- Emphasizes the management of construction costs, profits, and cash flows.
- Helps construction managers understand the financial consequences of operational decisions.
Why This Book Is Valuable
This book helps readers:
- Understand the financial structure of construction companies.
- Develop and manage construction accounting systems.
- Track project costs and profitability.
- Manage cash flow effectively.
- Make informed financial decisions.
- Apply accounting and finance principles to construction projects.
- Improve the financial performance of construction businesses.
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