Finance & Accounting for Project Management

Course ID: 257                         Course Length: 1 day(s)

Overview:

The financial status of any project lends itself to the success of the project outcome. This workshop gives project managers a solid foundation in accounting and financial analysis. You will learn the logical approach of finance and accounting, and how to use various financial tools through to the completion of the project. The workshop provides project managers with solid facts and figures in monitoring the financial status of a project. Ideal for anyone assigned project responsibilities with a budget or financial parameter.

Objectives:
At the end of the workshop participants should be able to:

• Establish which projects to use and which to shelve
• Understand and prepare financial statements of cash flows, income statements and balance sheets
• Calculate the project's Net Present Value (NPV)
• Determine "what if" scenarios
• Compute break-even analyses
• Apply data to financial software

Topics:

• The purpose and nature of accounting
• Managerial control and budgeting
• Specialized phases of accounting systems design
• Accounting as the basis for management decisions
• Analysis of financial statements
• Tools of analysis
• Standards of comparison
• Illustrative analysis

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