Project Cost Accounting - 1
Project accounting is an essential service
- For supporting Project Cost Management
- And is essentially different from corporate accounting
Project accounting may be defined as
- The process of identifying, measuring, recording and communicating project cost data
- Within the project time frame
- And not just the fiscal time frame
- It also includes data that
- Represents the cost of work to complete the project
- Is therefore of a speculative nature
- And estimated to a reasonable round number