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Regarding customer relations, advice passed on by veteran project managers includes:
Revenue Recognition
The accounting principle determining the conditions under which revenue is recognized and how it is measured; typically, it is recognized when it is earned and measurable.
Public Sector Accounting Board
A regulatory body responsible for setting accounting standards and financial reporting guidelines for public sector entities.
External Parties
Individuals or organizations that are not part of a company but have an interest or interaction with it, such as customers, suppliers, or regulators.
Government Business Organization
An entity directly operated by the government that engages in commercial activities, often with a public service or economic objective.
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