Definition Project Financial Management is a process which brings together planning, budgeting, accounting, financial reporting, internal control, auditing, procurement, disbursement and the physical performance of the project with the aim of managing project resources properly and achieving the project’s objectives. Like the concept of Project Management, it is a strategic competency for organizations and can…
https://en.wikipedia.org/wiki/Project_accounting Project accounting is a specialized form of accounting that corresponds to the ever-evolving needs of project delivery, which helps adequately track, report and analyse financial results and implications.[1] This includes the practice of creating financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid…