Category: (3) TAM Application Type
Application Identifier: 9.3.1.5
Maturity Level: 4
Overview
Project Accounting applications provide the required functionality to create financial reports specifically designed to track the financial progress of projects, which can then be used by managers to aid project management.
Functionality
Project Accounting functionality supports the following:
- Budget creation at any level in multiple currencies
- Expenditure posting to projects
- Status reporting
- Comparison of budget, actual, commitment, and revenue amounts
- Cost distribution using auto-allocation rules
- Transaction controls based on expenditure category, expenditure type, employee, or non-labor resource
- Budgetary controls to check available project funds with hard or soft controls
- Asset capitalization
Supported Business Services
