Construction Project Accounting System based on the Earned Value Management and Management Accounting Framework in Road and Bridge Project

IRWAN LIE, K W and JOSEFINE ERNESTINE, LATUPEIRISSA (2016) Construction Project Accounting System based on the Earned Value Management and Management Accounting Framework in Road and Bridge Project. In: Sixth International Conference On Advances in Civil and Structural Engineering - CSE 2016, 26-27 November 2016, Kuala Lumpur, Malaysia.

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Abstract

The main function of the accounting system is to encourage optimal as possible so that the system can generate a variety of structured accounting information that is timely, relevant, and trustworthy. The elements contained in an accounting system are related to each other, so do the data processing from the initial transaction to reporting that can be used as accounting information. The accounting system for the contractor depends on the condition of each contractor and characteristics of projects handled. The accounting system and its relation with Earned Value Management (EVM) started from the project planning phase to the control of the project implementation. The accounting system used to process all transactions that occur both inside and outside the project. Project accounting system is part of a project control. The accounting system is used primarily to obtain data ACWP and BCWP used for the calculation of the performance with the concept of earned value. While Managerial Accounting Framework (MAF) is used internally by managers and employee teams for decision making. In this research, the accounting system implemented by the contractor is using the cash method that is the cash in-cash out when the transaction occurs. After doing a combination of the methods applied by the contractor, with the method of EVM and MAF, then produced a comprehensive formula, so that the accounting system to be more systematic.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Accounting System, Earned Value Management, Management Accounting Framework, Construction Project
Depositing User: Mr. John Steve
Date Deposited: 20 Mar 2019 11:29
Last Modified: 20 Mar 2019 11:29
URI: http://publications.theired.org/id/eprint/655

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