Practical Construction Accounting and Financial Management offers guidance, training, practical exercises, and examples of the key principles that successful construction contractors need to master. These include the skills to gather, summarize, analyze, and predict operational data, which helps in making informed project and business choices. Typically, project managers do not handle data entry directly; instead, they gather the necessary data. However, a project manager’s unfamiliarity with accounting systems can hinder their ability to effectively retrieve and enter data. This often leads to poor decision-making by project and company managers due to unreliable and delayed information.
This ebook equips both current and aspiring construction professionals with essential knowledge of foundational accounting and financial concepts, enabling them to effectively oversee the financial aspects of construction firms. This includes accurately estimating project costs based on real overhead and profit requirements, managing operational costs by comparing company budgets with actual financial results, and proactively projecting cash requirements to avoid falling into financial traps that could threaten the company’s survival.
978-1612497655
NOTE: This only consists of the eBook Practical Construction Accounting and Financial Management in a scanned PDF. No access codes are included.
