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Project Management Training Courses

Project Accounting & Its Relation to Budget

Duration
2025-11-16 5 Days 2025-11-20
Attendance

Hotel Meeting Room

Hotel Meeting Room
Course code
PM-264
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City / venue
Manama

Classroom

Fees / hours
3250 $ | 25 Hours

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Course details

Overview
Content
Training Methodology

Overview ?

Course Description

 Projects are becoming prevalent in all aspects of business. Effective project managers have complete command of their project costs. This5-day course reviews the fundamentals of project accounting and its relation to budget; examines project cost accounting principles, applications, and impact on profitability; examines the principles of activity based costing; covers the elements involved in cash management; introduces the framework for how projects are financed and the potential impact financing has on the projects.

Course Goal

To enhance the participant’s knowledge, abilities and skills necessary to understand and apply the concepts, principles, policies, and methods of  project accounting and control and its relation to budget in Oil and Gas Companies.

Course Objectives
By the end of the course the participant will be able to:
  • Understand the meaning and contents of chart of accounts
  • Understand profit planning and strategic planning,
  • Prepare project Budget
  • Understand project cost accounting principles, applications, and impact on profitability.
  • Examines the principles of activity-based costing
  • Determine the elements of cash management.
  • Introduce the framework for how projects are financed and the potential impact financing has on the projects
Course Outline
Accounting: An Overview:
  • Chart of accounts: assets, liabilities, capital, income, expenses (direct, indirect …etc.),
  • Profit planning and strategic planning
  • How to Read Financial Statements?
Budgets
  • Definition of Budget
  • Budget Assumptions and Budget Preparation
  • Budget Formats
  • Budget and Work Programs Approval
  • Short and Long-Term Budgets
  • Revised Budget
Project Cost Accounting
  • Time and expense reporting
  • Cost account coding,
  • Obligations and costs
  • Time analysis
  • Expense analysis
  • Progress reporting (% of completion vs. planned/ costs vs. budget/ schedule vs. plan)
  • Accounts receivable (age analysis)
Cash Management
  • Invoicing/billing
  • Impacts of the terms in the contracts
  • Impacts on the business
  • Cash flow planning
Financing:
  • Sources of financing
  • Rudiments and concepts
  • Security
  • What makes deal work?
Who Can Benefit?

Controllers, senior finance managers, executives, Accountants and those with expertise in their own fields who need to acquire expertise in financial management

Day 1

Asset Cost Management Introduction

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 2

Laying the Groundwork

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 3

Applying the Value based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 4

Ensuring the Continuity of the Value-based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 5

Supporting Process that Lower Life-cycle costs

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Training Methodology

Pathways Training and consulting adopts the newest techniques of human resources Training and consulting and, with the following:

  • Theoretical lectures are delivered via PowerPoint and visual displays (videos and short films)
  • Making scientific evaluation to the trainee (before and after)
  • Brainstorming and role-playing
  • Using case studies related to the scientific material being delivered and the trainees' work.
  • The participants get the scientific and practical material printed and on CDs and Flash memories.
  • Preparing records and reports of the participants' attendance and results, with a general evaluation of the training program.
  • A group of the best trainers and experts in all fields and specialties professionally prepares the scientific material.
  • After finishing the course, the participants get certificates of attendance signed, certified, and issued by pathways Training and consulting.
  • Our training programs start at 9:00 o'clock in the morning and end at 2:00 in the afternoon, with snack buffet during the lectures.
  • Providing a lunch buffet during the training program period, with organizing a lunch party on the training program final day for taking some photos and certificate awarding.
Different venues & timings for this course

Course name

Duration

City

Price

Project Accounting & Its Relation to Budget

16, Feb 2025 20, Feb 2025

Riyadh

3250$

Project Accounting & Its Relation to Budget

24, Feb 2025 28, Feb 2025

Istanbul

3450$

Project Accounting & Its Relation to Budget

02, Mar 2025 06, Mar 2025

Jeddah

3250$

Project Accounting & Its Relation to Budget

09, Mar 2025 13, Mar 2025

Manama

3250$

Project Accounting & Its Relation to Budget

16, Mar 2025 20, Mar 2025

Beirut

3250$

Project Accounting & Its Relation to Budget

24, Mar 2025 28, Mar 2025

Singapore

5450$

Project Accounting & Its Relation to Budget

30, Mar 2025 03, Apr 2025

Kuwait

3250$

Project Accounting & Its Relation to Budget

07, Apr 2025 11, Apr 2025

Berlin

5250$

Project Accounting & Its Relation to Budget

14, Apr 2025 18, Apr 2025

Brussels

5250$

Project Accounting & Its Relation to Budget

21, Apr 2025 25, Apr 2025

Milan

5250$

Project Accounting & Its Relation to Budget

21, Apr 2025 25, Apr 2025

Zurich

5250$

Project Accounting & Its Relation to Budget

28, Apr 2025 02, May 2025

Trabzon

4000$

Project Accounting & Its Relation to Budget

05, May 2025 09, May 2025

Beijing

5450$

Project Accounting & Its Relation to Budget

12, May 2025 16, May 2025

Amsterdam

5250$

Project Accounting & Its Relation to Budget

19, May 2025 23, May 2025

Bangkok

5450$

Project Accounting & Its Relation to Budget

25, May 2025 29, May 2025

Muscat

3250$

Project Accounting & Its Relation to Budget

02, Jun 2025 06, Jun 2025

Toronto

6000$

Project Accounting & Its Relation to Budget

09, Jun 2025 13, Jun 2025

Barcelona

5250$

Project Accounting & Its Relation to Budget

16, Jun 2025 20, Jun 2025

London

5250$

Project Accounting & Its Relation to Budget

22, Jun 2025 26, Jun 2025

Cairo

2950$

Project Accounting & Its Relation to Budget

30, Jun 2025 04, Jul 2025

Geneva

5250$

Project Accounting & Its Relation to Budget

07, Jul 2025 11, Jul 2025

Vienna

5250$

Project Accounting & Its Relation to Budget

14, Jul 2025 18, Jul 2025

Munich

5250$

Project Accounting & Its Relation to Budget

21, Jul 2025 25, Jul 2025

Prague

5250$

Project Accounting & Its Relation to Budget

28, Jul 2025 01, Aug 2025

Rome

5250$

Project Accounting & Its Relation to Budget

04, Aug 2025 08, Aug 2025

Jakarta

4000$

Project Accounting & Its Relation to Budget

10, Aug 2025 14, Aug 2025

Tunisia

3750$

Project Accounting & Its Relation to Budget

18, Aug 2025 22, Aug 2025

Marbella

5250$

Project Accounting & Its Relation to Budget

25, Aug 2025 29, Aug 2025

Paris

5250$

Project Accounting & Its Relation to Budget

01, Sep 2025 05, Sep 2025

Madrid

5250$

Project Accounting & Its Relation to Budget

07, Sep 2025 11, Sep 2025

DUBAI

3450$

Project Accounting & Its Relation to Budget

15, Sep 2025 19, Sep 2025

Kuala Lumpur

3750$

Project Accounting & Its Relation to Budget

21, Sep 2025 25, Sep 2025

Amman

3250$

Project Accounting & Its Relation to Budget

28, Sep 2025 02, Oct 2025

Marrakesh

3450$

Project Accounting & Its Relation to Budget

05, Oct 2025 09, Oct 2025

Sharm ElShaikh

3250$

Project Accounting & Its Relation to Budget

12, Oct 2025 16, Oct 2025

Doha

4000$

Project Accounting & Its Relation to Budget

19, Oct 2025 23, Oct 2025

Casablanca

3450$

Project Accounting & Its Relation to Budget

26, Oct 2025 30, Oct 2025

Riyadh

3250$

Project Accounting & Its Relation to Budget

03, Nov 2025 07, Nov 2025

Istanbul

3450$

Project Accounting & Its Relation to Budget

09, Nov 2025 13, Nov 2025

Jeddah

3250$

Project Accounting & Its Relation to Budget

10, Nov 2025 14, Nov 2025

Milan

5250$

Project Accounting & Its Relation to Budget

16, Nov 2025 20, Nov 2025

Manama

3250$

Project Accounting & Its Relation to Budget

23, Nov 2025 27, Nov 2025

Beirut

3250$

Project Accounting & Its Relation to Budget

01, Dec 2025 05, Dec 2025

Singapore

5450$

Project Accounting & Its Relation to Budget

07, Dec 2025 11, Dec 2025

Kuwait

3250$

Project Accounting & Its Relation to Budget

14, Dec 2025 18, Dec 2025

DUBAI

3450$

Project Accounting & Its Relation to Budget

22, Dec 2025 26, Dec 2025

Kuala Lumpur

3750$

Project Accounting & Its Relation to Budget

28, Dec 2025 01, Jan 2026

DUBAI

3450$

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