ITC

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

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

Accounting staff working on projects and in Accounts Department.

5 Days

Start Date	End Date	Country	City