Cost Accounting and Financial Management for Construction Project Managers by Len Holm
Contents of Construction Cost Accounting
- Introduction
- Financial management overview
- Accounting purposes
- Introduction to the built environment
- Accounting managers
- Accounting cycle
- Organization of the book
- Case study
- Review questions
- Exercises
- Accounting methods
- Introduction
- Uniqueness of the construction industry as it relates to accounting
- Construction firm ownership structures
- Construction accounting methods
- Internal accounting controls
- Summary
- Review questions
- Exercises
- Introduction to construction management
- Introduction
- Delivery and procurement methods
- Pricing
- Construction contracts
- Project management
- General contractor organizations
- Risk analysis
- Summary
- Review questions
- Exercises
- Introduction to estimating
- Introduction
- Work breakdown structure
- Quantity take-off
- Pricing
- Estimate summary
- Summary
- Review questions
- Exercises
- Jobsite general conditions
- Introduction
- Elements of jobsite general conditions
- Development of jobsite general conditions estimates
- Strategies
- Accounting of jobsite general conditions
- Impact of change orders, claims, and delays on general conditions
- Summary
- Review questions
- Exercises
- Overhead and profit
- Introduction
- Creation of the general conditions estimate
- Management of the home office general conditions budget
- Breakeven analysis
- Profits
- Summary
- Review questions
- Exercises
- Financial statements
- Introduction
- Balance sheet
- Income statement
- Financial ratios
- Journal entries
- Job cost financial reports
- Summary
- Review questions
- Exercises
- Cost control
- Introduction
- Cost control cycle and connection with accounting processes
- Establishment of the cost base, including buyout
- Foreman work packages
- Direct labor and material and subcontract cost coding
- Monthly project management forecasting to the home office
- Summary
- Review questions
- Exercises
- Earned value analysis
- Introduction
- Development of the third curve
- Earned value as a cost control tool
- Earned value indices
- Earned value as a pay request tool
- Summary
- Review questions
- Exercises
- Activity-based costing
- Introduction
- Foundation
- Methodology of activity-based costing
- Home office activity-based costing applications
- Jobsite activity-based costing applications
- The future
- Summary
- Review questions
- Exercises
- Lean construction techniques
- Introduction
- Lean construction
- Value engineering
- Subcontractors and suppliers
- Supply chain material management
- Jobsite laydown and material handling
- Summary
- Review questions
- Exercises
- Equipment use and depreciation
- Introduction
- Equipment types
- Equipment ownership
- Equipment operation
- Equipment allocation to job cost
- Maintenance expense allocations
- Depreciation
- Summary
- Review questions
- Exercises
- Cash flow
- Introduction
- Cash flow curve process
- Jobsite expenditures
- Jobsite revenue
- Net cash flow and impacts to home office
- Methods to improve cash flow
- Summary
- Review questions
- Exercises
- Payment requests
- Introduction
- Contract types
- Schedule of values
- Payment request process
- Retention
- Lien management
- Summary
- Review questions
- Exercises
- Accounting for change orders
- Introduction
- Change order proposal process
- Change order proposal pricing
- Negotiations and approvals
- Incorporation into cost control and accounting control systems
- Unresolved change orders
- Summary
- Review questions
- Exercises
- Financial close-out of the construction project
- Introduction
- Construction close-out
- Project management close-out
- Financial close-out
- As-built estimate development and database input
- Summary
- Review questions
- Exercises
- Time value of money
- Introduction
- Present value
- Future value
- Interest
- Inflation
- Other value considerations
- Summary
- Review questions
- Exercises
- Taxes and audits
- Introduction
- Income tax: Federal, state, and local
- Business, property, and sales taxes
- Labor taxes
- Audits
- Summary
- Review questions
- Exercises
- Developer’s pro forma
- Introduction
- Real estate development as a business
- The development process
- Pro forma
- Construction loan
- Investment ratios
- Summary
- Review questions
- Exercises
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