Cost Accounting and Financial Management for Construction Project Managers

Cost Accounting and Financial Management for Construction Project Managers
Author: Len Holm
Publisher: Routledge
Total Pages: 400
Release: 2018-09-03
Genre: Architecture
ISBN: 1351376942

Proper cost accounting and financial management are essential elements of any successful construction job, and therefore make up essential skills for construction project managers and project engineers. Many textbooks on the market focus on the theoretical principles of accounting and finance required for head office staff like the chief financial officer (CFO) of a construction firm. This book's unique practical approach focuses on the activities of the construction management team, including the project manager, superintendent, project engineer, and jobsite cost engineers and cost accountants. In short, this book provides a seamless connection between cost accounting and construction project management from the construction management practitioner’s perspective. Following a complete accounting cycle, from the original estimate through cost controls to financial close-out, the book makes use of one commercial construction project case study throughout. It covers key topics like financial statements, ratios, cost control, earned value, equipment depreciation, cash flow, and pay requests. But unlike other texts, this book also covers additional financial responsibilities such as cost estimates, change orders, and project close-out. Also included are more advanced accounting and financial topics such as supply chain management, activity-based accounting, lean construction techniques, taxes, and the developer’s pro forma. Each chapter contains review questions and applied exercises and the book is supplemented with an eResource with instructor manual, estimates and schedules, further cases and figures from the book. This textbook is ideal for use in all cost accounting and financial management classes on both undergraduate and graduate level construction management or construction engineering programs.

Law Firm Accounting and Financial Management

Law Firm Accounting and Financial Management
Author: John P. Quinn
Publisher: Law Journal Press
Total Pages: 934
Release: 2001
Genre: Law
ISBN: 9781588520418

This book covers topics such as: fundamentals of law firm financial information, with easy-to-understand examples of the data involved and financial management concepts.

Healthcare Financial Accounting

Healthcare Financial Accounting
Author: Cristian H. Lieneck
Publisher: Cognella Academic Publishing
Total Pages:
Release: 2021-07-27
Genre:
ISBN: 9781793552150

Recognizing that healthcare administrators must be well-versed in financial accounting principles to ensure appropriate financial management decisions for the variety of organizations which they lead, Healthcare Financial Accounting: A Guide for Leaders provides readers with a vital knowledge base. Strategically organized, the text supports a learner's pathway towards the competent creation of valid and reliable financial statements for healthcare organizations. Utilizing both hospital and outpatient organizations as examples, chapters and their related content are organized to support readers' cognitive processes according to Bloom's Taxonomy while infusing a multitude of healthcare operational activities mapped to the financial accounting cycle. This application and chapter sequencing further supports healthcare administration students by preparing them for enrollment in a follow-on healthcare financial management course. The ultimate objective is for the reader to understand the intricacies of the formulation and development of the main financial statements to support their follow-on financial management fiduciary duties. Designed to help future healthcare leaders ultimately engage in sound financial management decisions, Healthcare Financial Accounting is ideal for both undergraduate and graduate courses in healthcare administration.

Accounting and Financial Analysis in the Hospitality Industry

Accounting and Financial Analysis in the Hospitality Industry
Author: Jonathan Hales
Publisher: Routledge
Total Pages: 305
Release: 2006-08-11
Genre: Business & Economics
ISBN: 1136431608

The objective of this textbook is to teach students to be conversational in speaking “numbers.” This means understanding fundamental accounting concepts, developing solid financial analysis abilities, and then applying them to understand and improve the operational performance of their hotel or restaurant. The book will accomplish this by studying the current practices of some of today’s leading hotel and restaurant companies. Chapters will be developed under the auspices of a select group of hospitality industry General Mangers, Directors of Finance, and Regional Accounting Managers to ensure that the information is current, accurate and useful. Understanding and applying the information will be the main focus of this book. This textbook should provide hospitality managers the knowledge and experience to be comfortable in using numbers to operate their departments. This includes developing the ability to perform all accounting and financial aspects of their position efficiently and correctly including revenue forecasting, wage scheduling, budgeting, P&L critiques, purchasing procedures and cost control methods. As a result, they will have more time to spend on the floor with their customers and employees. This knowledge will help them understand their operations and how to improve, change or expand them to increase revenues or profits.

Construction Accounting & Financial Management

Construction Accounting & Financial Management
Author: Stephen Peterson
Publisher: Pearson Higher Ed
Total Pages: 281
Release: 2013-10-03
Genre: Technology & Engineering
ISBN: 1292054875

For all courses in construction accounting and construction finance, and for courses in engineering economics taught in construction management programs. This book helps construction professionals and construction management students master the principles of financial management, and adapt and apply them to the challenge of profitably managing construction companies. It integrates content that has traditionally been taught through separate accounting, finance, and engineering economics texts. Students learn how to account for a construction company’s financial resources; how to manage its costs, profits, and cash flows; how to evaluate different sources of funding a company’s cash needs; and how to quantitatively analyze financial decisions. Readers gain hands-on experience through 220 example problems and over 390 practice problems, many of them based on situations actually encountered by the author. This edition adds more than 100 new discussion questions, and presents financial equations and accounting transactions more visually to support more intuitive learning.

The History of Financial Management and Accounting Practice in the North Borneo 1881-1963

The History of Financial Management and Accounting Practice in the North Borneo 1881-1963
Author: Rasid Mail
Publisher: Universiti Malaysia Sabah Press
Total Pages: 403
Release: 2020-06-09
Genre: History
ISBN: 9672962452

The discipline of financial management and accounting practices as part of the society’s social structure has evolved rapidly, in line with changing times, environmental pressures, technological developments and the needs of society. From a critical and behavioural perspective, both are neither isolated phenomena nor separated from the overall socioeconomic and political structure of society. In fact, these two disciplines interact with the surrounding conditions, either socioeconomic and political changes of the society or technological changes, in symbiotic and mutually influential forms. An understanding of how financial management disciplines and accounting practices change and evolve is necessary to enable both of their current practices to be understood for their origins and their relevance to the past. This need can only be met through a historical approach by examining past events and evidence, based on clues in the form of archive documents, cross-sectional studies on comparative research, reasoning processes based on theoretical formulas and the like. An explanation of related past phenomena will enable current practices of financial management and accounting practices to be understood and appreciated more. History can explain the origins of current phenomena, especially to the new generation who need to understand their identity and appreciate the contributions of past society. This book offers an explanation of the past regarding financial management practices and accounting practices in North Borneo (now known as the state of Sabah). As a branch of knowledge and practice of society which is more inclined to analyze the current situation and explore the future, through economic models, mathematical formulas and statistical forecasts, historical perspectives on financial management practices and accounting practices represent an outlook that is very rarely explored by researchers of accounting practices, nor is it a popular choice among historical writers. This book, which chose North Borneo during the colonial era (1881 – 1963) as the study background, is very useful as reference material by researchers and students as well as reading material to the public, especially those interested in understanding the development of past financial management practices and accounting practices, and their association to current practices. The coverage of this book is very comprehensive, covering 83 years period and presents reviews of the socioeconomic and political development of North Borneo related to the development of financial management practices and accounting practices.

Financial Management in the Sport Industry

Financial Management in the Sport Industry
Author: Brown T Matthew
Publisher: Routledge
Total Pages: 810
Release: 2016-12-15
Genre: Sports & Recreation
ISBN: 1351817469

Financial Management in the Sport Industry provides readers with an understanding of sport finance and the importance of sound financial management in the sport industry. It begins by covering finance basics and the tools and techniques of financial quantification, using current industry examples to apply the principles of financial management to sport. It then goes beyond the basics to show how financial management works specifically in sport - how decisions are made to ensure wealth maximization. Discussions include debt and equity financing, capital budgeting, facility financing, economic impact, risk and return, time value of money, and more. The final section focuses on sport finance in three sectors of the industry - public sector sports, collegiate athletics, and professional sport-providing in-depth analysis of financial management in each sector. Sidebars, case studies, concept checks, and practice problems throughout provide practical applications of the material and enable thorough study and practice. The business of sport has changed dynamically since the publication of the first edition, and this second edition reflects the impact of these changes on financial management in the sport industry. New to this edition are changes to reflect the global nature of sport (with, for example, discussions of income tax rates in the Premiere League), expanded material on the use of spreadsheets for financial calculations, a primer on accounting principles to help students interpret financial statements, a valuation case study assignment that takes students step by step through a valuation, a new stadium feasibility analysis using the efforts of the Oakland Raiders to obtain a new stadium, a new economic impact example focusing on the NBA All Star game, and much more.

The End of Accounting and the Path Forward for Investors and Managers

The End of Accounting and the Path Forward for Investors and Managers
Author: Baruch Lev
Publisher: John Wiley & Sons
Total Pages: 268
Release: 2016-06-14
Genre: Business & Economics
ISBN: 1119191084

An innovative new valuation framework with truly useful economic indicators The End of Accounting and the Path Forward for Investors and Managers shows how the ubiquitous financial reports have become useless in capital market decisions and lays out an actionable alternative. Based on a comprehensive, large-sample empirical analysis, this book reports financial documents' continuous deterioration in relevance to investors' decisions. An enlightening discussion details the reasons why accounting is losing relevance in today's market, backed by numerous examples with real-world impact. Beyond simply identifying the problem, this report offers a solution—the Value Creation Report—and demonstrates its utility in key industries. New indicators focus on strategy and execution to identify and evaluate a company's true value-creating resources for a more up-to-date approach to critical investment decision-making. While entire industries have come to rely on financial reports for vital information, these documents are flawed and insufficient when it comes to the way investors and lenders work in the current economic climate. This book demonstrates an alternative, giving you a new framework for more informed decision making. Discover a new, comprehensive system of economic indicators Focus on strategic, value-creating resources in company valuation Learn how traditional financial documents are quickly losing their utility Find a path forward with actionable, up-to-date information Major corporate decisions, such as restructuring and M&A, are predicated on financial indicators of profitability and asset/liabilities values. These documents move mountains, so what happens if they're based on faulty indicators that fail to show the true value of the company? The End of Accounting and the Path Forward for Investors and Managers shows you the reality and offers a new blueprint for more accurate valuation.

Accounting for Financial Instruments

Accounting for Financial Instruments
Author: Emanuel Camilleri
Publisher: Routledge
Total Pages: 433
Release: 2017-05-12
Genre: Business & Economics
ISBN: 1315299410

Accounting for Financial Instruments is about the accounting and regulatory framework associated with the acquisition and disposal of financial instruments; how to determine their value; how to manage the risk connected with them; and ultimately compile a business valuation report. Specifically, the book covers the following topics, amongst others: Accounting for Investments; Bills of exchange; Management of Financial Risks; Financial Analysis (including the Financial Analysis Report); Valuation of a business (including the Business Valuation Report) and Money laundering. Accounting for Financial Instruments fills a gap in the current literature for a comprehensive text that brings together relevant accounting concepts and valid regulatory framework, and related procedures regarding the management of financial instruments (investments), which are applicable in the modern business world. Understanding financial risk management allows the reader to comprehend the importance of analysing a business concern. This is achieved by presenting an analytical framework to illustrate that an entity’s performance is greatly influenced by its external and internal environments. The analysis of the external environment examines factors that impact an entity’s operational activities, strategic choices, and influence its opportunities and risks. The analysis of the internal environment applies accounting ratio analysis to an entity’s financial statements to examine various elements, including liquidity, profitability, asset utilisation, investment, working capital management and capital structure. The objective of the book is to provide a fundamental knowledge base for those who are interested in managing financial instruments (investments) or studying banking and finance or those who wish to make financial services, particularly banking and finance, their chosen career. Accounting for Financial Instruments is highly applicable to both professional accountants and auditors and students alike.

Principles of Financial Accounting

Principles of Financial Accounting
Author: Christine Jonick
Publisher:
Total Pages: 320
Release: 2018-09-30
Genre: Business & Economics
ISBN: 9781940771151

The University of North Georgia Press and Affordable Learning Georgia bring you Principles of Financial Accounting. Well-written and straightforward, Principles of Financial Accounting is a needed contribution to open source pedagogy in the business education world. Written in order to directly meet the needs of her students, this textbook developed from Dr. Christine Jonick's years of teaching and commitment to effective pedagogy. Features: Peer reviewed by academic professionals and tested by students Over 100 charts and graphs Instructional exercises appearing both in-text and for Excel Resources for student professional development