Management accounting evolution as a result of management by projects

Abstract

Activities based on projects has become a necessity for some time in various sec-tors or industries. This is a consequence of the turbulent business environment which causes a perversity in business functioning and a shortening of the life cycle of products. In such conditions, only flexible management methods become useful. When choosing management accounting instruments, one should always take into consideration both the external and in-ternal conditions of the company. If the company manages projects the internal conditions take on a new meaning. There is thus the need for a revision of management accounting. The main purpose of this article is to present the specifics of management by projects in-cluding the use of instruments of management accounting. One can also hypothesize that there is a need for the revision of management accounting in companies undergoing projects. In order to achieve the established objective and verify the hypothesis, the article explains the determinants of management by projects, then describes the scope of the management accounting for projects, and finally presents the differences between traditional and project management accounting.