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Financial Control in the Construction Industry

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Financial Control in the Construction Industry
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Paper Abstract

A 13 page paper discussing budgetary control at ABC Construction, a mid-sized company specializing in commercial construction. The organization is struggling with the intricacies of managing several projects at once, but is still operating as though it is finishing one before moving on to the next. Equipment is not used to its fullest potential, and labor costs have escalated. The paper suggests that ABC needs to add cost accounting and the use of internal auditors to its current budgetary controls, along with looking outward by 12-18 months in forecasting and managing cash flow. Bibliography lists 15 sources.

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