Accounting & Financial Management for Residential Construction, Sixth Edition
By Emma S. Shinn
Table Of Contents:
List of Figures
About the Author
Acknowledgments
Introduction
Chapter 1 Designing the System and Choosing an Accountant
Chapter 2 Basics of Accounting
Chapter 3 Accounting Methods and Terms
Chapter 4 Chart of Accounts
Chapter 5 Bookkeeping Procedures
Chapter 6 Internal Control
Chapter 7 Integration of the Management Systems
Chapter 8 Financial and Management Reports
Chapter 9 Financial Analysis
Chapter 10 Key Metrics
Chapter 11 Overview of Job Cost Accounting
Chapter 12 Utilizing Technology
Chapter 13 Tips for Multiple-Project Companies
Chapter 14 Tips for Developers
Chapter 15 Tips for Remodelers
Chapter 16 Financial Planning and Budgets
Chapter 17 Technical Aspects of Accounting
Appendix A Part A: Outline of NAHB Chart of Accounts
Appendix B Part B: The Complete NAHB Chart of Accounts
Appendix C Basic Account for Small-Volume Businesses
Appendix D Basic Accounts for Remodelers
Appendix E Direct Construction Costs, Subsidiary Ledger
Appendix F Indirect Construction Costs, Subsidiary Ledger
Appendix G Land Development Costs, Subsidiary Ledger
Glossary
List Of Figures:
Chapter 1 Designing the System and Choosing an
Accountant
1.1 Small-volume organizational chart
1.2 Medium- to large-volume organizational chart
Chapter 2 Basics of Accounting
2.1 Nature, structure, and output of an accounting system
2.2 Flow of data through the system
2.3 Purchase of construction materials on account
2.4 Purchase office equipment
2.5 Purchase a finished lot
2.6 Purchase a parcel of raw land
2.7 Sale of a house
2.8 Flow of costs through the system
2.9 ABC Homes income statement
2.10 ABC Homes income statement by function
2.11 ABC Homes balance sheet
2.12 ABC Homes cash flow
Chapter 3 Accounting Methods and Terms
3.1 Direct costing versus absorption costing
Chapter 5 Bookkeeping Procedures
5.1 Recording a construction invoice with double-entry bookkeeping
5.2 Levels of recording, general ledger and subsidiary ledgers
Chapter 6 Internal Control
6.1 Bank reconciliation statement January 31, 20__
Chapter 7 Integration of the Management System
7.1 Connect, Coordinate & Communicate
7.2 Just Say No to Silos
Chapter 8 Financial and Management Reports
8.1 Balance sheet
8.2 Income statement
8.3 Comparative income statement
8.4 Income statement with ratios
8.5 Gross profit by units
8.6 Gross profit report
8.7 Gross profit per unit
8.8 Gross profit analysis by project
8.9 Income statements by project
8.10 Variance report
8.11 Variances by project
8.12 Variances by reason
8.13 Month-to-date variance totals
Chapter 9 Financial Analysis
9.1 Gross profit ratio
9.2 Gross profit by product mix and pricing
9.3 Income statement with ratios
9.4 Calculation of the breakeven point
9.5 Calculation of the contribution margin ratio
9.6 Traditional cash flow statement
9.7 Cash flow report
Chapter 10 Key Metrics
10.1 Financial metrics
10.2 Traffic units
10.3 Sales by plan
10.4 Comparison of actual to goal sales by month and cumulative
10.5 Dollar variances per month
10.6 Variances by division
10.7 Variances by reason
10.8 Warranty expenses
Chapter 16 Financial Planning and Budgets
16.1 Planning information flow
16.2 Schedule 1, Sales plan—closings
16.3 Schedule 2, Land and land improvement plan
16.4 Schedule 3, Cost estimate summary
16.5 Schedule 4, Gross profit plan by product line
16.6 Schedule 5, Operating expenses plan
16.7 Schedule 6, Profit plan
16.8 Schedule 7, Cash flow
Chapter 17 Technical Aspects of Accounting
17.1 Sales value method
17.2 Number of units built
17.3 Total direct costs
17.4 Area method
17.5 Percentage method