Construction Accounting and Financial Management

Summary: Focusing on the principles of accounting and financial management needed to make construction projects and companies financially successful, Construction Accounting and Financial Management provides the background for prospective and practicing construction managers. Making no assumptions about any special training, Professor Peterson leads the reader step by step through the business practices needed for solid decis...ion making. All applications are related to the construction field. Some of the key features include: Determining the profitability of different construction activities, project types, and potential customers, allowing managers to focus on the best aspects of their business. Projecting costs from the first subcontract and purchase order as well as potential cost overruns so they can be quickly addressed. Projecting cash flow and cash requirements so managers can adjust business practices to avoid cash shortages. Tracking and accounting for heavy equipment costs, allowing managers to fairly charge them to the project and to determine the profitability of equipment use. [read more]