A Project Management Institute, Inc. (PMI)®Registered Training Course
Certificate in Project Accounting
Empowering Success: Mastering Project Financials
Course Overview
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 GLOMACS 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.
Training Outline
DAY 1: 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 2: 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 3: 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 4: 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 5: 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
Certificates
- On successful completion of this training course, GLOMACS 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
GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.
GLOMACS 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. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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