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Chart of Accounts, WBS and EVM Linkage

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R. CatalanMember for 21 years 2 months
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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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4 replies

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  1. 0
    Brennan Westworth ·
    #1
    where did this statement come from?

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  2. 0
    Scott Sando ·
    #2
    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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  3. 0
    Scott Sando ·
    #3
    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?
    Report
  4. 0
    R. Catalan ·
    #4
    Scott,

    Thanks, it does help. Other contributors?

    Cheers,
    Report

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