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The position of the project accountant is determined by the project desires, but like a basic function, the project accountant situation is accountable for monitoring the development of projects, investigating variances, approving charges, and making sure that project billings are issued to clients and payments collected.[10]
Project accounting is often a specialised method of accounting that corresponds for the at any time-evolving demands of project shipping and delivery, which helps adequately track, report and analyse economical results and implications.
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The true secret advantage of This is actually the project accountant finally plays a Translator function concerning the project along with other finance /accounting capabilities.[9]
Managers should make conclusions regarding what need to be sold. Precise results must be contrasted with the budgeted outcomes.
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