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Intended for undergraduate and equivalent students of building, building surveying, construction economics and quantity surveying, this book gives an accessible and clear explanation of accounting terminology, concepts, practices and procedures. The book is divided into two parts. The first eight chapters deal with financial reporting and analysis, covering such topics as business finance, the financial position and the balance sheet, profit and loss, cash flow and the interpretation of financial statements. The second part consists of a further nine chapters on management planning and control practices. Here topics such as costs, overhead attribution, cost/volume/profit analysis and budgeting are discussed, among others.>
List of contents
Preface
PART 1: FINANCIAL REPORTING AND ANALYSIS
Types of Business Formation
Sources of Business Finance
Financial Views of a Business
Financial Position and the Balance Sheet
Profit Measurement and the Profit and Loss Account
Sources and Uses of Cash and the Cash Flow
Statement Accounting Aspects of Long-term Contracts
Evaluation and Interpretation of Financial Statements
PART 2: MANAGEMENT PLANNING AND CONTROL PRACTICES
Cost Classification Overhead Attribution
Cost Ascertainment
Cost/Volume/Profit Analysis
Short-term Decision Making Techniques
Long-term Decision Making Techniques
Budgetary Control
Cash Budgeting Standard Costing
Appendix 1: Extracts from the Annual Report and Accounts of a Building/Property Development Company
Appendix 2: Present Value Tables
Appendix 3: CIOB Building Economics and Finance
Questions and Solutions.
About the author
Alan R. Jennings
