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. Hallmark Features Brings together comprehensive construction accounting and finance information, so students don’t have to search multiple texts or struggle to integrate disconnected concepts and techniques. Thoroughly covers general business accounting, financial principles, and engineering economics in a single book. 100% focused on the specific finance and accounting challenges faced by construction managers and professionals—explaining why construction financial management is unique, and defining the role of a construction financial manager; presenting techniques and problems that are tightly focused on construction – for example, extensive coverage of long-term contracts. Guides students step-by-step through arriving at accurate solutions. Presents easy-to-understand, step-by-step techniques, with at least example provided for each type of problem, and specific guidance on solving problems with business calculators. Offers students extensive hands-on practice in every chapter. Presents more than 390 practice problems and 220 example problems covering all facets of construction accounting and finance. Teaches students how to solve financial problems with Microsoft Excel or other modern spreadsheet software. Contains sidebars demonstrating how to use Excel to solve a wide range of accounting and finance problems with Microsoft Excel; includes more than 50 problems that use spreadsheets, with sample spreadsheet solutions presented in the Instructor's Manual.