International project accounting:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Geneva
Internat. Labour Office
1995
|
| Schriftenreihe: | International construction management series
1 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 152 S. graph. Darst. |
| ISBN: | 9221082644 |
Internformat
MARC
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| 100 | 1 | |a Price, Andrew D. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a International project accounting |c A. D. F. Price |
| 264 | 1 | |a Geneva |b Internat. Labour Office |c 1995 | |
| 300 | |a XIII, 152 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a International construction management series |v 1 | |
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| 650 | 0 | 7 | |a Projektmanagement |0 (DE-588)4047441-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Bauindustrie |0 (DE-588)4004811-1 |2 gnd |9 rswk-swf |
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Datensatz im Suchindex
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|---|---|
| adam_text | CONTENTS
Preface v
Acknowledgements vii
Part I. Building up a financial statement
Chapter 1. Financial accounting: Principles and assumptions 3
1.1 Financial accounting objectives 3
1.2 Financial accounting principles 4
1.3 Fundamental financial accounting concepts 4
1.4 Main accounting concepts 6
1.5 Main valuation conventions 8
Chapter 2. Interpretation of financial statements 11
2.1 Double entry 11
2.2 Trial balances 13
2.3 The balance sheet (position statement) 14
2.4 Revenues and expenses 18
2.5 The measurement of profit 20
2.6 The income statement (or trading, profit and loss account) 21
2.7 The percentage of completion method 24
2.8 The accounting equation 28
2.9 Predicting company failure 29
Chapter 3. Depreciation of assets 33
3.1 Depreciation: Tax viewpoint 33
3.2 Depreciation: Replacement viewpoint 34
3.3 Depreciation methods 34
3.4 Depreciation and managerial decisions 41
Part II. Financial appraisal techniques
Chapter 4. Interest-time relationships 45
4.1 Introduction 45
4.2 Cash flows 46
4.3 Interest-time relationships 47
4.4 Compound amount of a single sum . 48
4.5 Present worth of a single sum 48
4.6 Compound amount of a uniform series 50
4.7 Sinking fund deposit factor 52
4.8 Present worth of a uniform series 52
CONTENTS ix
4.9 Capital recovery factor 54
4.10 Summary 55
Chapter 5. Investment appraisal methods 57
5.1 Introduction 57
5.2 Payback period 57
5.3 Accounting rate of return (ARR) 58
5.4 Discounted payback period 60
5.5 Net present value (NPV) 61
5.6 Project life 62
5.7 Equivalent annual costs 64
Chapter 6. Discounted cash flow yields 67
6.1 Single rate calculations 67
6.2 Example A: NPV method 68
6.3 Example B: Sum of cash flows method 69
6.4 Dual rate of return: DCF yield 70
6.5 Extended yield discount method 72
6.6 Summary on yield calculations 73
Chapter 7. Valuation of assets and optimal replacement age 75
7.1 Introduction 75
7.2 Valuation of assets 75
7.3 Present worth valuation of assets 76
7.4 Optimal replacement age 80
Chapter 8. Incremental analysis 85
8.1 Introduction 85
8.2 Incremental analysis procedure 86
8.3 Example 88
Chapter 9. Inflation 91
9.1 Introduction 91
9.2 Interest rates (i) 91
9.3 Inflation rates (d) 91
9.4 Today s prices and actual expenditure 92
9.5 Inflation and present worth calculation 92
9.6 Estimates produced at future prices 93
9.7 True cost of capital (e) 94
9.8 Inflation and yield calculations 97
Chapter 10. Sensitivity and risk analysis 101
10.1 Introduction 101
10.2 Sensitivity analysis 101
10.3 Risk and uncertainty 105
10.4 Risk analysis 106
Appendix A. Tutorial problems and tutorial solutions 111
Appendix B. Interest-time relationships and associated tables 135
Bibliography 151
x INTERNATIONAL PROJECT ACCOUNTING
Figures
1. Cash flow diagram 46
2. Compound amount of a single sum 49
3. Present worth of a single sum 50
4. Compound amount of a uniform series 51
5. Present worth of a uniform series 53
6. Cash flow diagram 56
7. Cash flow diagram for Scheme III 64
8. Cash flow for the new machine 77
9. Incremental cash flow: Yields from Projects A and B 85
10. Flow chart for incremental analysis 87
11. Sensitivity chart for equivalent annual costs 103
12. Sensitivity chart for net present values 105
13. Risks in estimating plant costs 107
14. Estimate of resale values and their assessed probability 108
15. Risks in estimating costs of bill items 108
Al. Annual output consumption of a heating system (kW) 121
Bl. Interest-time relationships 137
Tables
1. Example of double-entry bookkeeping 13
2. Example of balance sheet layout (a) 16
3. Example of balance sheet layout (b) 17
4. Solution to balance sheet example 18
5. Example of an income statement (1,000 WCU) 22
6. Example of manufacturing account layout 23
7. Income statement for contracting organizations 24
8. Balance sheet for contracting organizations 25
9. Details of completed projects 26
10. Details of projects under way (1,000 WCU) 26
11. Solution to declining balance method 36
12. Solution to annuity method (WCU) 37
13. Solution to sinking fund method (WCU) 38
14. Solution to sum of digits method (WCU) 39
15. Solution to usage method 40
16. Four mutually exclusive projects (WCU) 46
17. Calculation of profit 59
18. Calculation of discounted payback period 61
19. Net present value of two projects 62
20. Project life: Details of three schemes 63
21. Net cash flow using an assumed 10 per cent 68
22. Net cash flow using an assumed 7 per cent 69
23. Sum of cash flows: First guess is 10 per cent 70
24. Sum of cash flows: Second guess is 8 per cent 70
25. Cash flow with several yield values 70
26. Borrowing account with 17 per cent interest 71
CONTENTS xi
27. Borrowing account with 16 per cent interest 72
28. Solution to extended yield discount method 72
29. Projected cash flows 76
30. Scraper details (WCU) 81
31. Solution to optimal replacement age example 82
32. Cash flow forecasts 88
33. Project cash flows (WCU) 88
34. Present worth of Project A 89
35. Present worth of increments 89
36. Cash flows in terms of today s prices and actual expenditure 92
37. The discount process 93
38. Solution to net present value example (WCU) 94
39. The cost of capital example: Project cash flows 95
40. Solution to net present worth calculations taking account
of interest rates 96
41. Solution to net present worth calculations taking account of
interest rates and inflation 96
42. True and apparent yields 97
43. Present worth using 20 per cent yield 99
44. Present worth using 14 per cent yield 100
45. Equivalent annual costs 103
46. Net present values for combinations of project duration and
monthly returns 104
Al. Building Supplies pic. transactions - August 116
A2. Cash flows for construction equipment 119
A3. Costs of construction for two bridges 120
A4. Cost of alternative schemes 121
A5. Project expenditure and revenue of an opencast operation (WCU) 122
A6. Predicted resale values of a generating plant (WCU) 122
A7. Predicted cash flows for four projects 123
A8. Cash flows for two traffic schemes 124
A9. Net annual revenues 124
A10. Predicted resale values of an excavator 125
All. Predicted cash flows for flood control schemes 125
A12. Solutions to tutorial 2: Balance sheet - Building Supplies pic 128
A13. Building Supplies pic: Balance sheet as at 30 August 131
Bl. Compound amount factors for a single sum 138
B2. Present worth factors for a single sum 140
B3. Compound amount factors for uniform series 142
B4. Sinking fund deposit factors 144
B5. Present worth factors for uniform series 146
B6. Capital recovery factors for uniform series 148
xii INTERNATIONAL PROJECT ACCOUNTING
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| id | DE-604.BV026132031 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T23:05:45Z |
| institution | BVB |
| isbn | 9221082644 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-021721681 |
| oclc_num | 613238128 |
| open_access_boolean | |
| owner | DE-188 |
| owner_facet | DE-188 |
| physical | XIII, 152 S. graph. Darst. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Internat. Labour Office |
| record_format | marc |
| series | International construction management series |
| series2 | International construction management series |
| spelling | Price, Andrew D. Verfasser aut International project accounting A. D. F. Price Geneva Internat. Labour Office 1995 XIII, 152 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier International construction management series 1 Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Projektmanagement (DE-588)4047441-0 gnd rswk-swf Bauindustrie (DE-588)4004811-1 gnd rswk-swf Projektmanagement (DE-588)4047441-0 s Rechnungswesen (DE-588)4048732-5 s Bauindustrie (DE-588)4004811-1 s DE-188 International construction management series 1 (DE-604)BV026132030 1 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021721681&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Price, Andrew D. International project accounting International construction management series Rechnungswesen (DE-588)4048732-5 gnd Projektmanagement (DE-588)4047441-0 gnd Bauindustrie (DE-588)4004811-1 gnd |
| subject_GND | (DE-588)4048732-5 (DE-588)4047441-0 (DE-588)4004811-1 |
| title | International project accounting |
| title_auth | International project accounting |
| title_exact_search | International project accounting |
| title_full | International project accounting A. D. F. Price |
| title_fullStr | International project accounting A. D. F. Price |
| title_full_unstemmed | International project accounting A. D. F. Price |
| title_short | International project accounting |
| title_sort | international project accounting |
| topic | Rechnungswesen (DE-588)4048732-5 gnd Projektmanagement (DE-588)4047441-0 gnd Bauindustrie (DE-588)4004811-1 gnd |
| topic_facet | Rechnungswesen Projektmanagement Bauindustrie |
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