Project Cost Accounting - 3
- Verification of overhead charges and their distribution
- Issuing monthly project cost reports that include
- Forecast final costs based on project team input
- And total and period variances
- Flagging significant projected overruns or underruns
- Ensuring final payments of hold back on all contracts
- And closing of accounts when complete
- Transfer of project expenditures from project financing to the organization's fixed asset records
- Upon total project completion