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The role of the project accountant is determined by the project wants, but being a essential function, the project accountant place is accountable for monitoring the progress of projects, investigating variances, approving bills, and making sure that project billings are issued to clients and payments collected.[10]
The accrual basic principle is the concept accounting transactions need to be recorded within the period of time through which they happen not simply within the interval through which you will his explanation find linked dollars flows.
The consistency basic principle is the concept that the moment an accounting theory or approach is adopted by a corporation it should really keep on for use right up until a greater principle is located.
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