Project Management

5 Differences Between Project Accounting & Financial Accounting

From the The Money Files Blog
by
A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts. Written by Elizabeth Harrin from RebelsGuideToPM.com.

About this Blog

RSS

Recent Posts

Back ups – are you ready for disaster?

Contingency isn’t spare money: How to use it properly

3 Financial signs PMs often miss

What’s next for project managers? Emerging roles to watch

Green isn’t just for infrastructure: Sustainability in digital and change projects

Categories

accounting, agile, ai, appraisals, Artificial Intelligence, audit, Backlog, Benchmarking, benefits, Benefits Management, Benefits Realization, Bias, books, budget, Business Case, business case, business case, Career Development, Career Development, carnival, case study, Change Management, checklist, collaboration tools, communication, Communications Management, competition, complex projects, Conferences, config management, consultancy, contingency, contracts, corporate finance, corporate finance, cost, Cost Management, cost management, credit crunch, CRM, data, data security, debate, Decision Making, delegating, digite, earned value, Education, Energy and Utilities, Estimating, events, FAQ, financial management, financial management, forecasting, future, GDPR, general, Goals, Governance, green, Information Technology, Innovation, insurance, interviews, it, Knowledge Management, Leadership, Lessons Learned, measuring performance, Mentoring, merger, methods, metrics, multiple projects, negotiating, Networking, news, Olympics, organization, Organizational Culture, outsourcing, personal finance, Planning, pmi, PMO, PMO, Portfolio Management, portfolio management, presentations, privacy policy, process, procurement, product management, productivity, Program Management, project closure, project data, project delivery, Project Success, project testing, prototyping, qualifications, Quality, quality, Quarterly Review, records, recruitment, reports, requirements, research, resilience, Resource Management, resources, risk, Risk Management, ROI, salaries, Schedule Management, Scheduling, scope, Scope Management, security, small projects, Social Impact, social impact, social media, software, software, software, Stakeholder Management, stakeholders, Strategy, success factors, supplier management, team, Teams, testing, testing, timesheets, tips, training, transparency, trends, value management, vendors, video, virtual teams, workflow

Date

linkedin twitter facebook Request to reuse this  

Categories: accounting, budget


In this video I share 5 differences between what it means to do accounting on your project (and manage the financials/budget) and how financial accounting can work. Understanding these differences makes it easier for you to work with your Finance teams and run your project budgeting processes.


Posted on: September 13, 2017 08:00 AM | Permalink

Comments (5)

Please login or join to subscribe to this item
avatar
Stéphane Parent Self Employed / Semi-retired| Leader Maker Prince Edward Island, Canada
Short and sweet!

avatar
Eduin Fernando Valdes Alvarado Project Manager| F y F Fabricamos Futuro Villavicencio, Meta, Colombia
Thanks

avatar
Rajan Sood Senior Manager| CPA Global Support Services Noida, Uttar Pradesh, India
simple, quick and easy to understand...

avatar
Andrey Grubin PMP, PMI-ACP Brooklyn, Ny, United States
Very good, thanks for sharing

avatar
Najam Mumtaz Retired Lahore, Punjab, Pakistan
Thanks for sharing

Please Login/Register to leave a comment.

ADVERTISEMENTS

"I only hope that we never lose sight of one thing - that it was all started by a mouse."

- Walt Disney

ADVERTISEMENT

Sponsors