What is the purpose of project accounting?

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Marcos Parisian asked a question: What is the purpose of project accounting?
Asked By: Marcos Parisian
Date created: Mon, Mar 15, 2021 12:39 PM
Date updated: Wed, Jun 29, 2022 4:24 PM

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The purpose of project accounting is to meet the needs of project delivery, paying special attention to all financial components of a project such as project budgets, cost estimates, expenses, billable and non-billable elements, and everything that falls within the initiation and closure phases.

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