CATEGORY TYPE: Finance & Accounting

COURSE NAME:Advanced Project Accounting


UPCOMING EVENTS


START DATE END DATE CITY/COUNTRY PRICE Request
This course can be scheduled at your convenience, to request this course please click here
INTRODUCTION:

 Advanced Project Accounting involves the in-depth study of the principles and objectives of the techniques and theories used in managerial accounting. Topics such as capital budgeting, manufacturing accounting, management control systems, performance measurement, and quantitative techniques for planning and control will be discussed. The strategic and behavioral implications and impacts of planning and control will form the context for study. The course involves significant student participation and experiential learning.

OBJECTIVES:


 

To enable participants to learn and understand the project accounting concepts and their application.

 

Expected Accomplishments:

 

By the end of the course, participants will be able to:

 

  • Define project, project management and identify various phases of project
  • Understand the role and services provided by project accountant
  • Apply various accounting techniques for project appraisal
  • Prepare project budget and costing work sheets
  • Understand concepts of cost analysis, cash flow management and maintenance of financial records for projects
  • Close the project with appropriate accounting entries

 

OUTLINE:

 

  • Introduction to project and project management
  • The project life cycle
  • Project Parameters
  • Role of accounting in project management
  • Typical project accounting services and required skills
  • Financial Criteria for project selection; financial analysis using Accounting rate of return, Pay back period, Internal Rate of Return and Net Present Value methods
  • Sources of cash flow for a project
  • Planning of project; preparing work break down structures
  • Planning cost dimension; identification of direct and indirect project costs
  • Budgeting problems of project
  • Key tasks of project accountant during implementation phase; cost analysis and feed back, cash flow management, financial records, major accounting entries and financial reporting
  • Accounting issues on project completion; disposing equipment, material etc and closure of project books
WHO SHOULD ATTEND:


 

Accounting staff working on projects and in Accounts Department.

DURATION:
    • 5 Day(s)
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    Sabic

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    Sabic

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    Sabic

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    Sabic

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    Mobily

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    General Authority of Civil Aviation (GACA)

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    Sabic

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    Sabic

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    Al-Suwadi Services

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    Coldstorec Group Of Saudi Arabia

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    Saudi Aramco

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    Al-Suwadi Services

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    Al Khodari Company

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    Al Khodari Company

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    Al Khodari Company

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    Al Khodari Company