Financial & Basic Accounting Principles for PM Training in New Orleans, LA

Our classroom and corporate training provides you the opportunity to interact with instructors and benefit from face-to-face instruction.
About this Event

Certificate: Course Completion Certificate

Language: English

Duration: 2 Days

Credits: 16

Course Delivery: Classroom/ Virtual Live/On-Site

Offers: Groups of 5 - 10 people 10% Discount | Groups of 11 - 20 people 15% Discount

Course Overview:

This course provides participants with information and tools on how to get a better handle on the important area of financial management. The course addresses finance-related concepts and techniques to effectively manage projects and programs. The course also provides understanding about corporate finance and basic accounting principles. The course covers techniques related to project reporting and decision making, as well as financial indicators and corporate financial reports.

Target Audience:

Project Managers
Project practitioners
Individuals taking part in managing budgets
Individuals who seek to improve their knowledge in basic accounting and financial concepts

Learning Objectives:

At the end of this course, you will be able to:

Articulate to stakeholders the financial status of the project
Explain aspects of corporate accounting
Gain focus on and maintain control over project estimates, profitability and performance
Show the connection between corporate finances and the impact on projects
Analyze the financial aspects of projects
Make informed decision with respect to pricing, contract, progress and project risks
Use financial information within a project environment to predict/influence final results
Recognize the project manager’s financial responsibilities

Prerequisites:

It is recommended that the participant has basic knowledge/understanding of project management foundations and principles.

Course Materials:

Students will receive a course manual with presentation slides and reference materials.

Examination:

There is no exam for this course.

Technical Requirements:

For eBooks:

Internet for downloading the eBook

Laptop, tablet, Smartphone, eReader (No Kindle)

Adobe DRM supported software (e.g. Digital Editions, Bluefire Reader)

eBook download and activation instructions

Agenda:

Introduction and Overview

Benefits of project management
Project contracting and procurement
Key terms
Financial cycles

Project Accounting and Financial Basics

Determine project’s financial needs
Roles and responsibilities
Financial statements and balance sheets
Income statement, revenues and expenses
Cash flow statement
Basic accounting
Depreciation

Financial Justification and the Project Business Case

Portfolio management: aligning strategy and projects
Project decision points and gating
The project business case

Measure, Control and Forecast - Financial and Profitability Measurements

Financial principles and common financial metrics
Review of purposes, measurements and sentiments

Applying Finance and Accounting Principles to Project Management (including a review of Earned Value Management)

Project cost estimates and forecasting
Measuring project performance
Project financial performance and profitability
Status reports
Earned value management

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