The Adaptation of the Accounting System to Project Activity – Case Study
The Adaptation of the Accounting System to Project Activity – Case Study

Summary/Abstract: Companies need to adapt quickly to changing ambient conditions and that results in their search for various ways of achieving the set objectives. One of solutions is to engage in activity based on projects. Proper project management requires appropriately aggregated information which can be provided by the accounting system. However, to make this information useful for making reasonable management decisions in the field of the planned and implemented projects, the applied instruments have to be properly designed and selected. Therefore, the objective of this article is to adapt the accounting system for the purposes of project activity. The article was preceded by the study of literature. The main method used in the article is an analysis of sources and a literature critique as well as methods of inductive and deductive reasoning. Theoretical deliberations are supplemented with a case of the adaptation of the accounting system to the analysed project. The conducted theoretical research supplemented with an empirical case indicated the complexity of the research problem which mainly stems from the specific features of project activity. Obtaining useful information requires an adequate extension of the financial accounting system and a selection of proper management accounting instruments. The article constitutes a synthetic description of the essence and scope of project accounting as well as its specific character.

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