Cost Accounting and Financial Management for Construction Project Managers

Specifications

Book Description

The ability to accurately account for costs and properly manage finances are fundamental to the completion of any successful construction project. As a result, these are abilities that must be had by construction project engineers and project managers. The theoretical elements of accounting and finance that are required for head office workers, such as the chief financial officer (CFO), of a construction company are the primary topic of many textbooks currently available on the market. The activities of the construction management team, including the project manager, project engineer, superintendent, and jobsite cost engineers and cost accountants, are the primary focus of the Cost Accounting and Financial Management for Construction Project Managers (PDF) ebook's distinctively practical approach, which is centered on the activities of the construction management team. In a nutshell, this ebook offers a smooth relationship between cost accounting and construction project management from the standpoint of the practitioner of construction management.

The PDF ebook makes use of one commercial construction project case study throughout, and it does so by following a complete accounting cycle. This cycle begins with the initial estimate and continues through cost controls and financial close-out. It discusses important subjects like financial statements, cost control, ratios, cash flow, equipment depreciation, earned value, and pay demands, among others. However, in contrast to other textbooks, this ebook also covers additional monetary duties, such as modification orders, cost estimations, and the finalization of projects. The more complex aspects of accounting and finance, such as supply chain management, lean construction techniques, taxes, activity-based accounting, and the developer's pro forma, are also covered in this book. Each chapter includes review questions and practical exercises, and the book is accompanied by an eResource that includes an instructor handbook, estimates and timetables, additional instances, and figures taken from the book. This supplementary material can be purchased separately from the book. This downloaded ebook is excellent for use in all cost accounting and financial management classes within construction management or construction engineering degree programs at both the graduate and undergraduate levels.

Review

“In Cost Accounting for Construction Management, the author Len Holm successfully peels back the norms of construction project management and weaves in a detailed recipe for better understanding the broader study of construction financial management. The book is titled, “Cost Accounting for Construction Management.” Len Holm presents a comprehensive and compelling knowledge of the delicate balance between building cost accounting and project management by using specific case studies and intuitive exercises. Chief Operating Officer of Foushée & Associates Company, Inc., Robert Guymer