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The project accountant calls for the familiarity with management accounting and money accounting. They need an knowledge of the complexities of cross-functional involvement, and also, project shipping and delivery frameworks and methodologies utilized by the company. In a project shipping framework, the project accountant plays a twin role of:
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The matching basic principle is the idea that once revenues are recorded, relevant costs must be recorded at the same time. For instance, inventory could be billed to the cost of items concurrently that a business operator received revenue in the sale of these types of stock goods.
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