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Project accounting is a type of managerial accounting oriented toward the goals of project management and delivery.It involves tracking, reporting, and analyzing financial results and implications, [1] and sometimes the creation of financial reports designed to track the financial progress of projects; the information generated by this analysis is used to aid project management.
Pages in category "Accounting terminology" The following 98 pages are in this category, out of 98 total. This list may not reflect recent changes. ... Mobile view ...
Project accounting Is the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management. Project charter is a statement of the scope, objectives, and participants in a project.
Momentum accounting and triple-entry bookkeeping introduce changes to traditional double-entry bookkeeping by tracking balances, revenue earning, and cash collection. These events are recorded with two entries, typically a debit and a credit, assigned on a specific date. In momentum accounting, changes in balances are the recognized events.
General ledger – main accounting record of a business which uses double-entry bookkeeping. Journal – where double entry bookkeeping entries are recorded by debiting one or more accounts and crediting another one or more accounts with the same total amount. Special journals – facilitate the process of journalizing and posting transactions.
Items in accounts are classified into five broad groups, also known as the elements of the accounts: [2]. Asset, Liability, Equity, Revenue, Expense; The classification of equity as a distinctive element for classification of accounts is disputable on account of the "entity concept", since for the objective analysis of the financial results of any entity the external liabilities of the entity ...
Cookie tracking – when a media owner drives a click a cookie is dropped on the prospect's computer which is linked back to the media owner when the "action" is performed. Call tracking – unique telephone numbers are used per instance of a campaign. So, media owner XYZ would have their own unique phone number for an offer and when this ...
Statements of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities, commonly known as FAS 133, is an accounting standard issued in June 1998 by the Financial Accounting Standards Board (FASB) that requires companies to measure all assets and liabilities on their balance sheet at “fair value”.