Project Accounting

 

 

Accurate financial records are critical to the success of the project.  Equally important is implementing and maintaining computer systems for the flow of the data.  RCS will implement and manage a systematic approach to managing cost throughout the life cycle of the program or project.  It is accomplished through the application of cost engineering and cost management principals that align with generally accepted accounting principals (GAAP).  The accounting system is connected to the project controls and provides reports that present the exact values for budgets, actual costs, earned value, percent complete, variance, and projected final costs.

Earned value management (EVM) is a requirement for many government projects.  It is an effective integrator of work scope, schedule, resources, and risk.  EVM should be applied by organizations based on the characteristics of each project – type, complexity, and size.

Regulatory compliance validation is performed as required and will ensure the client maintains records and performs its project accounting system in alignment will all codes and regulations.

 

 

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