Budgeting, Tracking, and Reporting Costs and Profitability
Praise for Project Management Accounting
"Let me start with what the Second Edition of Project ManagementAccounting is not....it is not an inch wide and a mile deep.Instead, it provides multiple lenses to anticipate both intendedand unintended consequences through sound principles of ProjectManagement and accounting as well as inquiry focused on both risksto the project and reputational capital. It should be on everydecision makers bookshelf to pick up and remind them of theiressential foundation when they face a major project or the risk ofmental myopia." --Barry van Dyck, PhD, Recruiting andAdmissions Director, EMBA, Mendoza College of Business, Universityof Notre Dame
Acquire the accounting knowledge and skills to become atop-performing Project Management professional
Project Management accounting involves much more than justunderstanding how project income and expense impact the generalledger. To truly succeed in today's competitive businessenvironment, project managers must also understand how to budgetresources, determine ROI, and track costs and expenses for projectsas well as become adept at strategy and executive decision makingand portfolio management. With its focus on accounting, ProjectManagement Accounting: Budgeting, Tracking, and Reporting Costs andProfitability, Second Edition is designed to enhance the businessskills of project managers at all levels of experience.
Now in a fully updated second edition, Project ManagementAccounting clearly explains step-by-step how project expensing (forboth internal projects and outside vendors) should be capitalizedor expensed in order to keep the budget on track and improveprofitability. The proficient author team of Callahan, Stetz, andBrooks culls their decades of experience to show readers how toachieve the greatest tax/cost savings by helping them determinewhat portion of the project can be capitalized.
This Second Edition of Project Management Accounting includescurrent case studies and sample checklists to help professionalshit the ground running by immediately applying concepts to theirown business scenarios. Here, CFOs, controllers, project managers,and accounting managers will discover how to:
* Understand risk assessment from an accounting and auditingperspectiv
* Maximize project outcomes by leveraging accounting and financingtools and principles
* Improve each project's profitability by understanding its costsand benefits
* Analyze their business's financial information to choose theright project, every time
* Apply proper accounting principles to a project
* Develop a project budget based on a company's financialperformance and needs
Project Management Accounting provides the knowledge and skillsto become proficient in Project Management and maximize theprofitability and ROI of any project.