Construction management accounting is a specialty approach to financial management. It helps construction companies keep track of their budgets, project costs, and overall financial performance. Construction management accounting involves specific tasks such as estimating costs and setting up budgets, tracking the cost of labor, materials, and other resources, and monitoring payments and revenue. It also involves forecasting future needs for equipment, supplies, personnel etc. Ultimately, construction management accounting helps companies build projects efficiently, staying on budget and providing quality work.