This book will help project managers figure out how costs interact with the general ledger and help them make decisions about whether to continue with the project as planned, find an alternative solution, or scrap the project altogether. This second edition includes updated information on Project Management and its link to Project Accounting. Helping project managers figure out how costs interact with the general ledger as well as make decisions about whether to continue with the project as planned, this book reveals how project expensing should be capitalized or expensed in order to keep the budget on track and improve profitability. Preface.Acknowledgements.Chapter 1 Project Management and Accounting.Mission, Objectives, Strategy.Project Planning.Project Execution and Control.Notes.Chapter 2 Finance, Strategy, and Strategic Project Management.DuPont Method.Notes.Chapter 3 Accounting, Finance, and Project Management.Project Team and Financial Success.Calculating Return on Investment.STO Solution Model.Implementing Strategy throughout the Company.Conclusion.Notes.Chapter 4 Cost.Definition and Purpose of Cost.Cost Classifications.Cost Decisions.Cost of Quality.Cost and Industry.Conclusion.Notes.Chapter 5 Project Financing.Debt Financing.Corporate Bonds.Equity.Income Tax Effect.Cost Implications of the Funding Methodology.Conclusion.Chapter 6 Project Revenue and Cash Flows.Role of the Financial Manager.How to Calculate the Statement of Cash Flows for a Company.Free Cash Flows.Methods for Calculating a Project's Viability.Conclusion.Notes.Chapter 7 Creating the Project Budget.Introduction.Case Study: Pontrelli Recycling, Inc.Planning for the Future.Creating a Project Budget.Review Project Financials.Project Cash Flow.Conclusion.Notes.Chapter 8 RISK ASSESSMENT.Risk to Your Reputation.Competency.Integrity and Honesty.Organizational Structure.Human Resources.Reports on Financial Statements.Project Specific Risk.Engagement Acceptance.Conclusion.Index.