It is a fact that the construction sector has gained significant importance in our country due to the urbanization that has resulted from the steadily increasing population in the last fifty years and the rapid migration of a large portion of this population from rural to urban areas. In parallel with the developments in our country's economic structure, the construction of new housing in place of shantytowns, originally built to meet public housing needs, the establishment of the infrastructure for modern urbanization by the public sector, and the renovation of public offices have brought the construction sector to a significant position. While the majority of these construction projects are contracted projects undertaken by public institutions, the remainder consists of private construction of apartments, offices, etc., for sale or to meet personal needs.

Businesses engaged in the construction business may undertake construction as a contract, sell it for their own account, or build for their own needs. They may also undertake these constructions for private and public institutions, both domestically and internationally. Businesses undertaking these constructions as a result of a contract awarded by public institutions and organizations are required to do so in accordance with the Public Procurement Law.

Broadly speaking, construction accounting is an accounting system implemented by utilizing extensively general accounting, corporate accounting, cost and management accounting, as well as tax and insurance laws. The legal regulations they are subject to, both in terms of tax and social security laws, create significant differences in the accounting practices of construction businesses. These construction projects can be common in years subject to special taxation, or they can be construction projects that are not common in years taxed according to normal commercial provisions. Because of these characteristics, construction accounting practices have earned their place as a separate specialized accounting discipline within accounting practices.

This book has been prepared to assist construction companies engaged in construction and repair work in our country, those who work as certified public accountants and financial advisors, and those taking construction accounting courses in associate and undergraduate degree programs at universities.