(DS) Progress Reports Typical to Architectural Firms

Question 1

Cash Flow Statement

Answer 1

Depicts inflows and outflows or cash

Necessary in order to ensure payroll can be paid

Question 2

Project Progress Report

Answer 2

Shows the sum of direct LABOR HOURS and LABOR COST for each phase of a project for the current reporting period and total cost to date in order to compare with estimated project labor costs

Question 3

Office Earnings Report

Answer 3

Summarize each firms projects with respect to revenue generated, expenses incurred, percent complete, and profit or lost to date

Question 4

Time Analysis

Answer 4

Lists each employee with number of hours spent on direct labor, indirect labor, vacation time, sick leave, and holidays. Used to calculate an employee’s Utilization Rate