An Intensive 5-day Training Course
Certificate in Project Accounting
Empowering Success: Mastering Project Financials
Course Introduction
This Project Accounting training course is designed as a deep dive into the cost and financial dimensions of project delivery. This training course is ideal for professionals who are keen to understand and apply the principles of accounting within the unique context of project-based work. Whether you're a project manager, accountant, or financial analyst, this training course will enrich your skillset by focusing on the crucial aspects of financial planning, analysis, and control in projects.
Throughout this training course, you will explore the essentials of project accounting, from setting up and managing cost management plans to mastering cash flow analysis and revenue recognition. We will guide you through various project and contract types, emphasizing the specific accounting needs and challenges of each. You'll also learn about the latest approaches to project accounting, for example Agile costing methods, that are transforming project accounting, alongside regulatory and ethical considerations.
This Certificate in Project Accounting training course is not just about numbers: it's about understanding the financial story behind each project and improving its financial performance. By the end of this training course ,you will be equipped with the knowledge and skills to effectively manage project finances, making you an invaluable asset to any project team.
Objectives
By the end of this training course, participants will:
- Understand the fundamentals of project accounting
- Master project financial analysis and techniques
- Be able to optimise project finances
- Learn skills in financial decision-making
- Gain proficiency in contract accounting, revenue recognition and billing
- Be able to effectively manage cash flow in projects
Training Methodology
This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes many examples, interactive activities, exercises, Q&A sessions and learning from other participants. The aim is practical application of proven approaches, based on a sound good practice base.
Organisational Impact
By sending individuals on this training course, the organization will gain a more skilled and cost delivery-focused workforce, improved project delivery capabilities, and an enhanced ability to meet and exceed project objectives. Specific benefits include:
- Improved Financial Accuracy
- Cost Efficiency
- Enhanced Decision Making
- Risk Mitigation
- Compliance and Effective Governance
- Increased Project Success Rates
- Employee Development
- Competitive Advantage
- Enhanced Reputation
- Continuous Improvement
- Knowledge Sharing
Personal Impact
By the end of this training course, your potential contribution to your organization will be significantly enhanced in important ways. These benefits can contribute significantly to both your personal and professional development in the realm of project management and finance.
- Enhanced Understanding of Financial Concepts
- Improved Project Cost Planning and Management Skills
- Skill Development in Financial Reporting
- Increased Confidence in Financial Decision-Making
- Enhanced Analytical Skills
Who Should Attend?
This Certificate in Project Accounting training course is suitable for a wide range of professionals particularly those involved in project management, finance, and accounting. This training course will particularly benefit:
- Project Managers and Coordinators
- Project Finance Professionals
- Cost Engineers and Estimators
- Financial Analysts
- Business Analysts
- Project Control Professionals
- Construction Managers and Engineers
- IT Project Leaders
- Senior Executives and Decision-Makers
- Contract Managers
- Procurement and Supply Chain Professionals
- Audit and Compliance Officers
Course Outline
Day One
Introduction to Project Accounting
- Overview of Project Accounting
- Basic Concepts and Terminology
- Role of Project Accountants
- Types of Projects
- Contract Types
- Setting Up a Project Accounting System
- Ethics in Project Accounting
Day Two
Project Financial Analysis
- Principles of Financial Analysis in Projects
- Cost Management Strategies
- Profitability Analysis
- Break-Even Analysis
- Investment Appraisal Techniques
- Risk Analysis and Financial Decision Making
Day Three
Revenue Recognition and Billing
- Revenue Recognition Principles
- Billing Processes and Strategies
- Contract Accounting
- Accounting in Agile Projects
- Handling Project Advances and Retentions
- Warranties and Bonds
- Contract Modifications and Revenue Impact
- Revenue Reporting
Day Four
Cash Flow Management in Projects
- Understanding Project Cash Flow
- Cash Flow Forecasting
- Managing Inflows and Outflows
- Cash Flow Statement Analysis
- Working Capital Management
- Cash Flow Optimization Techniques
Day Five
Advanced Topics in Project Accounting
- International Project Accounting Standards
- Sustainability and Project Accounting
- Emerging Approaches in Project Accounting
- Project Closure and Financial Reporting
- Future Trends in Project Accounting
- Course Close
Certificate
On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
