The term “project accounting” sounds simple enough. It’s essentially the practice of accounting on the basis of individual projects. In practice, though, it’s so much more. If you do it correctly—and ...

AN INTERNATIONAL PROJECT, a multi-trillion dollar global industry, political tension and conceptual differences between the IASB and FASB: it’s a heady mix at the heart of the lease accounting debate.

KPMG International’s survey of 600 organisations across 22 countries revealed that 86% of respondents reported the loss of up to a quarter of their targeted benefits across their project portfolios.