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The fee principle is the concept a company must only history its assets, liabilities, and equity investments at their unique obtain expenditures.
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Where labor costs are a significant portion of Total project Value, it is usually needed for employees to complete a timesheet so as to crank out the data to allocate project expenditures.[six][8]
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[1] This involves the exercise of creating fiscal reports specially built to observe the financial progress of projects, which can then be used by supervisors to aid project management.[2]
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