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Law and money tax- With the help of recorded books of accounts, accounting helps the businessmen to repay the pertinent tax it owes to The federal government. In addition, it functions as evidence during the court of regulation.
Therefore, inside of a project management ecosystem costs (equally immediate and overhead) and revenues can also be allocated to projects, which may be subdivided right into a work breakdown framework, and grouped together into project hierarchies.
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The role of the project accountant depends upon the project requirements, but for a fundamental purpose, the project accountant place is accountable for checking the progress of projects, investigating variances, approving expenses, and making sure that project billings are issued to buyers and payments gathered.[ten]
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