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Financial Management and Accounting Fundamentals for Construction

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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 steadily find the financial management aspect of the business daunting. Financial Management and Accounting Fundamentals for Construction will help you better keep in mind 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 should must be successful in the management of a construction company and its projects. Its topics address some of the questions that any construction administrator will face, such as:

  • How to organize and use a company’s financial reports
  • What amount of money should be made available to the contractor to complete a project
  • Why the early payment of supplier invoices can make stronger 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 regulate project costs
  • What financial sources are available to a construction contractor for capital expansion

In this text, you are going to 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 regulate analysis and other financial issues, this text also offers:

  • Easy-to-keep in mind coverage of financial concepts specific to the construction industry, including business taxation, project regulate, 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 float of transactions through a construction accounting system, and tables required for computing interest and the time value of money

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