When Tracking Projects, Ignore Your Accountants
Harvard Business Review
MARCH 21, 2013
Do you get regular reports from your company's accountants about how your projects are doing financially? They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. According to GAAP we are now 50% complete, because we have spent 50% of our budget.
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