Book Description:
Let me start with what the Second Edition of Project Management
Accounting is not....it is not an inch wide and a mile deep. Instead, it
provides multiple lenses to anticipate both intended and unintended
consequences through sound principles of Project Management and accounting as
well as inquiry focused on both risks to the project and reputational capital.
It should be on every decision makers bookshelf to pick up and remind them of
their essential foundation when they face a major project or the risk of mental
myopia." —Barry van Dyck, PhD, Recruiting and Admissions Director, EMBA,
Mendoza College of Business, University of Notre Dame
Acquire the accounting knowledge and skills to become a top-performing
Project Management professional
Project Management accounting involves much more than just
understanding how project income and expense impact the general ledger. To
truly succeed in today's competitive business environment, project managers
must also understand how to budget resources, determine ROI, and track costs
and expenses for projects as well as become adept at strategy and executive
decision making and portfolio management. With its focus on accounting, Project
Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability,
Second Edition is designed to enhance the business skills of project managers
at all levels of experience.
Now in a fully updated second edition, Project Management Accounting
clearly explains step-by-step how project expensing (for both internal projects
and outside vendors) should be capitalized or expensed in order to keep the
budget on track and improve profitability. The proficient author team of
Callahan, Stetz, and Brooks culls their decades of experience to show readers
how to achieve the greatest tax/cost savings by helping them determine what
portion of the project can be capitalized.
This Second Edition of Project Management Accounting includes current
case studies and sample checklists to help professionals hit the ground running
by immediately applying concepts to their own business scenarios. Here, CFOs,
controllers, project managers, and accounting managers will discover how to:
Understand risk assessment from an accounting and auditing perspectiv
Maximize project outcomes by leveraging accounting and financing tools
and principles
Improve each project's profitability by understanding its costs and
benefits
Analyze their business's financial information to choose the right
project, every time
Apply proper accounting principles to a project
Develop a project budget based on a company's financial performance and
needs
Project Management Accounting provides the knowledge and skills to
become proficient in Project Management and maximize the profitability and ROI
of any project.
Kevin R. Callahan, Gary S. Stetz, Lynne M. Brooks
ISBN: 978-0-470-95234-4
208 pages
June 2011
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