(sometimes referred to as job cost accounting)is the practiceA specific type of professional or management activity that ... of creating financial reportsThe presentation of information in an appropüriate forma. A... specifically designed to track the financial progressThe partial completion of a project, or a measure of the sam... of projects, which can then be used by managers to aid project managementThe application of knowledge, skills, tools, and techniques .... StandardA document that provides, for common and repeated use, rules... accounting is primarily aimed at monitoring financial progressThe partial completion of a project, or a measure of the sam... of organizational elements (geographical or functional departments, divisions and the enterprise as a whole) over defined time periods (typically weeks, months, quarters and years). Projects differ in that they frequently cross organizational boundaries, may last for anything from a few days or weeks to a number of years, during which time budgets may also be revised many times. They may also be one of a number of projects that make up a larger overall projectA temporary endeavour undertaken to create a unique product,... or programA group of related projects managed in a coordinated way to .... Consequently, in a project managementThe application of knowledge, skills, tools, and techniques ... environment costs (both direct and overheadCosts occurred in the operation of a business that cannot di...) and revenues are also allocated to projects, which may be subdivided into a work breakdown structure[Output/Input] Also called WBS. A deliverable-oriented hiera..., and grouped together into projectA temporary endeavour undertaken to create a unique product,... hierarchies. ProjectA temporary endeavour undertaken to create a unique product,... accounting permits reportingReporting takes information and presents it in an appropriat... at any such level that has been defined, and often allows comparison with historical as well as current budgets.
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