Project financial management represents a specific segment of accounting which, in addition to its traditional role, must satisfy diverse additional requirements related to the analysis of efficiency and effectiveness of project implementation. A typical example of entities conducting their operations mainly using project principles are non-governmental organisations.
Bearing in mind that majority of non-governmental organisations strive to achieve their socially beneficial aims with restricted capacity in terms of competent expert and administrative resources, Empanda is designed for users with limited grasp of accounting and international standards in the field. Considering universal nature of key principles of project accounting, the use of Empanda is not geographically limited. Therefore, Empanda can be utilised to harmonize financial and reporting procedures of partners’ organisations in large number of countries they operate in.