What is financial management and accounting for the construction industry?

The concept of financial management is really important because as it provides solutions to the complex accounting problems faced by the building industry.

This article preaches engineering economics, conventional business accounting, and financial management to the special features of the construction sector. 

It addresses how they are used in the construction business and how they interact, providing all of the essential financial management principles required by construction managers. 

This article can help you understand how to manage cash flows, evaluate various sources of funding for a company's cash needs, account for the firm's financial resources, manage the expenses and profits of a construction company, and quantitatively analyse financial decisions. The key concepts that can be studied through this approach include:

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