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

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.

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

Download or read book Financial Management and Accounting Fundamentals for Construction written by Emma F. Hale and published by CreateSpace. This book was released on 2015-08-12 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thought-provoking and accessible in approach, this updated and expanded second edition of the Financial Management and Accounting Fundamentals for Construction provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for advanced graduate-level students. We hope you find this book useful in shaping your future career. Feel free to send us your enquiries related to our publications to [email protected] Rise Press

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.

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.

Download or read book Construction Project Management written by Joe F. McCarthy and published by Pareto. This book was released on 2010 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: ".. integrates business knowledge, principles and practices of project managment and construction management... will help you achieve a strategic vision, continuously improve construction operations and manage industrial, commercial and institutional projects from conception to occupancy." -- Publisher's description.

Download or read book Construction Safety Health Practices and OSHA written by M. Rashad Islam and published by McGraw Hill Professional. This book was released on 2021-10-15 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive overview of all aspects of construction safety, including standards and regulations, for major infrastructure and construction projects of all types. Construction Safety: Health, Practices, and OSHA covers key elements of construction safety across all types of construction. In-depth coverage includes safety principles, precautions necessary with the use of specific materials, protections for various types of construction, detailed explanations of Activity Hazard Analyses (AHA) and Job Hazard Analysis (JHA), and compliance with OSHA regulations. The book contains theoretical materials and detailed explanations with photos, tables, diagrams and sketches. At the end of each chapter there are multiple choice and fill-in-the-blanks questions typical of those found in various national exams and OSHA construction safety training exam as well as practice problems and critical-thinking questions. Coverage includes: Personal Protective and Life Saving Equipment Activity Hazard Analysis (AHA) and Job Hazard Analysis (JHA). Toxic and Hazardous Substances Concrete, Masonry, Steel, and Wood Construction Underground Construction, Caissons, Cofferdams, and Compressed Air Blasting and fires Electric Power Transmission and Distribution Mechanized Equipment, Scaffold, Materials Handling and Transportation Promoting Safety and Preventing Violence

Download or read book Fundamentals of Governmental Accounting and Reporting written by Bruce W. Chase and published by John Wiley & Sons. This book was released on 2020-07-15 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fundamentals of Governmental Accounting and Reporting features the foundational tenets of governmental accounting and reporting in today's environment. Featuring updated accounting for GASB Statement No. 84, and fiduciary activities, this work reviews underlying concepts and shows how they are applied through real-life examples of CAFR, financial statements and updates of recent GASB standards.Key areas covered include: The governmental environment and GAAP Fund accounting and the financial reporting model Budgeting MFBA Revenues and expenditures Governmental, proprietary, and fiduciary funds Government-wide financial statements CAFR Special purpose governments Deferred outflows of resources and deferred inflows of resources

Download or read book Fundamentals of Financial Accounting ISE written by PHILLIPS and published by . This book was released on 2024-03-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Download or read book Construction Accounting and Financial Management written by Steven J. Peterson and published by Pearson. This book was released on 2019-01-11 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: For courses in construction accounting. The market's most in-depth coverage of construction accounting and finance Construction Accounting and Financial Management covers all of the key accounting and financial management principles needed by construction managers to profitably manage the finances of construction companies, as well as how to adapt these principles for the construction industry. The text introduces construction financial management, details the framework for a construction accounting system, describes the management of costs, profits, and cash flows, and provides tools for making financial decisions. The 4th edition includes new sections on topics such as cost segregation, the design-build process, and pertinent provisions of The Tax Cuts and Jobs Act passed in December 2017.

Download or read book Construction Accounting and Financial Management written by William E. Coombs and published by Forgotten Books. This book was released on 2015-06-13 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Construction Accounting and Financial Management Although accounting principles do not change, I think it is reasonable to say that their application to any particular industry, and to any specific business in that industry, usually requires careful analysis and sound judgment. This statement is certainly true of the construction industry. This book cannot take the place of detailed information nor of the experience with individual problems of any particular construction company. It can, however, survey the problems peculiar to the construction industry and indicate how to apply standard accounting techniques to arrive at sound solutions. With operating conditions so varied and the individual contractor's circumstances likely to be so complex, it is often necessary to go back and review basic accounting and business principles in relation to the specific conditions in a given company before management can use accounting as a true operational tool. It is for this reason that this book is devoted more to the "why" than to the "how" of construction accounting. Certainly, among the techniques described, the experienced accountant will find few, if any, that are basically unfamiliar to him, but he may see them applied in ways that may be somewhat unexpected. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Download or read book Fundamentals of Finance written by Andrea Bennett and published by . This book was released on 2016-12-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Principles of Accounting Volume 1 Financial Accounting written by Mitchell Franklin and published by . This book was released on 2019-04-11 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

Download or read book Cost Accounting For Dummies written by Kenneth W. Boyd and published by John Wiley & Sons. This book was released on 2013-02-11 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: The easy way to get a grip on cost accounting Critical in supporting strategic business decisions and improving profitability, cost accounting is arguably one of the most important functions in the accounting field. For business students, cost accounting is a required course for those seeking an accounting degree and is a popular elective among other business majors. Cost Accounting For Dummies tracks to a typical cost accounting course and provides in-depth explanations and reviews of the essential concepts you'll encounter in your studies: how to define costs as direct materials, direct labor, fixed overhead, variable overhead, or period costs; how to use allocation methodology to assign costs to products and services; how to evaluate the need for capital expenditures; how to design a budget model that forecast changes in costs based on expected activity levels; and much more. Tracks to a typical cost accounting course Includes practical, real-world examples Walks you though homework problems with detailed, easy-to-understand answers If you're currently enrolled in a cost accounting course, this hands-on, friendly guide gives you everything you need to master this critical aspect of accounting.

Download or read book Accounting written by Christopher Nobes and published by Oxford University Press. This book was released on 2014-03 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a guide to understanding and using accounting information.