SOLUTION MANUAL Construction Accounting and Financial Management, 4th Edition Steven J. Peterson Chapters 1 - 18, Complete Newest Version

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SOLUTION MANUAL Construction Accounting and Financial Management, 4th Edition Steven J. Peterson Chapters 1 - 18, Complete Newest Version New to the Fourth Edition The major changes to the fourth ... edition include the following  The business failure rate for construction companies in Chapter 1 have beenupdated.  Sections on cost segregation and bonus depreciation have been added to Chapter 5.  The discussion of typical median ratios in Chapter 6 has been updated.  A section on the monitoring and controlling process has been added to Chapter 7.  A section on managing design-build costs has been added to Chapter 7.  The wages, social security, and Medicare costs were updated in Chapters 8, 9,and 14.  A weekly cash flow problem has been added to Chapter 12.  The income tax regulations in Chapter 13 have been updated to incorporateprovisions of The Tax Cuts and Jobs Act passed in December 2017.  The project cash flows used to develop an annual cash flow for a construction company have been expanded to cover the entire project (including work done inthe prior year) and the calculation of the underbillings/overbillings has been included in Chapter 14.  The effects of taxes on decision has been updated in Chapter 18 to incorporate theTax Cuts and Jobs Act. The Instructor’s Manual includes a list of learning objectives, instructional hints, suggested activities, and resources for each chapter. Files for the figures and tables in the textbook are found on the instructor’s website. It is my hope that these resources will make it easier for course instructors to teach the material in a meaningful manner. Because the courses that use this textbook are quite diverse, it is impossible to organize the chapters into one best order. Each instructor should consider his or her individual program and determine which chapters need to be taught and in what order. Best wishes, Steven J. Peterson, MBA, PE Chapter 1: Construction Financial Management Learning Objectives At the completion of this chapter the student should be able to:  Explain why financial management is so important to a construction company.  Explain why financial management is different for construction companies than formost other industries.  Understand that all managerial employees from the owner to the crew forepersonplay a role in financial management of a construction company. Instructional Hints  Compare a construction company to a manufacturing plant. Emphasize the differences between a construction company and a manufacturing plant, particularly: construction companies build unique products and the equipment isnot usually stationary at single location. These are the reasons a construction company needs a job cost system and an equipment cost system. Activities  Invite a financial manager (for example, an accountant or general manager) from aconstruction company to your class to discuss their role as a financial manager.  Have each student interview a management employee for a construction company.The interviews should include owners, project managers, superintendents, and forepersons. Each student is to find out how the employee contributes to the financial management of the company. Discuss their findings in class. Instruction Resources  The figures from this chapter in electronic format and PowerPoint slides can befound at the instructor’s website.  Data on construction failures can be obtained from the Surety Information Office(www.sio.org).  Current data on construction company failures can be found at http://www.census.gov/ces/dataproducts/bds/data_firm.html. The most useful datacomes from reports that include the sector (e.g., Sector, Firm Age by Sector, and Firm Size by Sector) because construction can be separated from other industries. [Show More]

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