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Chart of Accounts, WBS and EVM Linkage

4 replies [Last post]
Mon, 2007-10-08 10:50
R. Catalan
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Hi All,

The chart of accounts maintained by the accounting organization does not normally relate directly to the WBS, but they have one common linkage which is the Earned Value Management System.

Could somebody explain this in detial?

Cheers,
R. Catalan
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Replies

Tue, 2007-10-09 04:20
#1
R. Catalan
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Scott,

Thanks, it does help. Other contributors?

Cheers,
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Tue, 2007-10-09 02:32
#2
Scott Sando
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For EV purposes, the scope of works is often decomposed to Cost Accounts and/or Work Packages (where one or more Work Packages make a Cost Account.) Every activity/task in the schedule would have a code identifying which CA/WP it belongs to.

These Cost Accounts and/or Work Packages generally tie directly to financial accounts against which costs (labour, materials etc.) are captured.

Does that help?
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Tue, 2007-10-09 02:32
#3
Scott Sando
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Joined: 7 Oct 2007
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For EV purposes, the scope of works is often decomposed to Cost Accounts and/or Work Packages (where one or more Work Packages make a Cost Account.) Every activity/task in the schedule would have a code identifying which CA/WP it belongs to.

These Cost Accounts and/or Work Packages generally tie directly to financial accounts against which costs (labour, materials etc.) are captured.

Does that help?
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Tue, 2007-10-09 02:20
#4
Brennan Westworth
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Joined: 23 Feb 2003
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where did this statement come from?

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