While studying the financial and insurance areas for the PcM exam, I wondered about the following...feel free to include your explanations as, I am sure, other people here may wonder the same.
1. Why isn't Indirect Labor considered as Overhead?
2. Is a Chart of Accounts the same as a ledger for double entry bookkeeping?
3. Is Total Overhead the same as Indirect Expenses? (sort of the same as #1)
1. Why can project specific insurance be billed to the client as a reimbursable expense? How often is this really done?
Thanks all for reading. Hopefully someone has some explanations.
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