The cost-to-ledger map

Built one arrow at a time, and the diagram this course is worth sharing for. Four traces: labour from a timecard through pricing, burdening and account derivation to the ledger; expenses and supplier costs; billing and revenue; and capitalization into an asset. The insight to hold onto is that cost and revenue are two separate chains that both start at the expenditure item — learners consistently assume invoicing and revenue recognition are the same event, and the gap between them is unbilled and unearned, the two balances a project accountant lives with.