Project accounting is often employed by federal government contractors, the place the ability to account for expenditures by agreement (and often agreement line merchandise, or CLIN) is frequently a need for interim payments.[5]
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The associated fee principle is the idea that a company should only history its property, liabilities, and equity investments at their first acquire charges.
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A process for determining project related transactions in the principle accounting technique and allocating or apportioning these on the project accounting system.
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