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The helpful site need for project accounting arose like a specialised discipline from the character of projects becoming treated as separate temporary individualised entities arrange for the goal of offering one or more small business products.[3] As the character of each project can be different into the business enterprise-as-usual pursuits run from the small business; existent management accounting and money accounting skills have been recognised as inadequate to accurately suggest within the therapy and economic reporting of the project. Consequently, a new subject emerged throughout the accounting sphere – project accounting.[one]
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