Unlock the Secrets of Accurate Project Budgeting and Accounting

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Understanding Project Budget and Accounting Course Overview


The Understanding Project Budget and Accounting course provides an overview of the basics of project budgeting and accounting. It covers topics such as budget definition, cost centers and line items, budget variances, budget requirements and documentation, and managing human resources on a project budget.
The course is designed for project managers, budget specialists, and accounting professionals who are responsible for managing a project budget. It will provide them with the tools needed to create and manage a budget, establish cost control, and identify and manage project changes. Participants will gain the knowledge and skills to analyze project budgets, create cost estimates and projections, track budget performance, and track and report budget variances. Additionally, participants will learn to apply cost accounting techniques and principles to projects.
At the end of the course, participants will have a complete understanding of the budgeting and accounting process and be able to confidently create and manage a successful project budget.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

The 1-on-1 Advantage
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Flexible Dates

  • • Choose Start Date
  • • Reschedule After Booking
  • • Weekend / Evening Option
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4-Hour Sessions

Destination Training
(Dubai/London/Sydney
New York/Delhi/Goa
Singapore)

Flexi
(On Demand Videos)

You will learn:

Module 1: The importance of project budgets
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Live Online Training (Duration : 8 Hours) 400 + If you accept merging of other students. Per Participant
We Offer :
  • 1-on-1 Public - Select your own start date. Other students can be merged.
  • 1-on-1 Private - Select your own start date. You will be the only student in the class.

4 Hours
8 Hours
Week Days
Weekend

Start Time : At any time

12 AM
12 PM

1-On-1 Training is Guaranteed to Run (GTR)
Group Training
Online
03 Apr 09:00 AM - 05:00 PM CST
(8 Hours/Day)
Online
01 May 09:00 AM - 05:00 PM CST
(8 Hours/Day)
Can’t Attend Live Online? Click to Buy Flexi For Only $199 (Video Recording of Live Online)
Course Prerequisites

1. Understanding of Financial Management Principles
2. Comprehensive Knowledge of Project Management
3. Understanding of Project Accounting Fundamentals
4. Familiarity with Project Accounting Software
5. Basic Computer Skills including Excel Spreadsheets
6. Working Knowledge of Generally Accepted Accounting Principles (GAAP)
7. Completion of Introductory Corporate Accounting Course
8. Knowledge of Financial Projections and Variance Analysis
9. Understanding of Risk and Cost Management Concepts
10. Completion of a Fundamentals of Project Accounting Course

Target Audience


The target audience for this training program would be administrative and finance professionals, as well as project managers and project coordinators
This training is ideal for those seeking to build their fundamental knowledge of project budgeting and accounting best practices and procedures
This program would be beneficial to anyone who wants to understand the process of decoding financial statements, accurately creating and following a budget, and successfully managing different types of funds and resources
This program is also beneficial for those individuals who have been put in charge of overseeing project budgets and accounting in their organization, as well as for project leads and managers who need to understand the importance of being aware of their organization’s financial accounts
This training will be invaluable for those with limited experience in budgeting and accounting, and it can be useful for those with more experience to understand more complex concepts

Learning Objectives of Understanding Project Budget and Accounting


1. Develop an understanding of project budgeting and accounting methods.
2. Identify the elements of budgeting and costing.
3. Developing a project budget and evaluating the costs associated with it.
4. Understand the importance of budgeting for project success.
5. Learn how to use accounting software for budgeting and reporting.
6. Learn the principles of cost control in a project environment.
7. Understand concepts of decision-making and cost optimization.
8. Learn approaches to control project spending through rate of return calculations and key performance indicators.
9. Develop an understanding of activity-based budgeting and management.
10. Analyze the effects of changes in project specifications and associated costs.

Student Feedback  (Check Koenig Feedback on Trustpilot)

Q1 Say something about the Trainer? Q2 How is Koenig different from other training Companies? Q3 Will you come back to Koenig for training ?
Student Name Feedback
Abu
United States
A1. Yes, she was very clear & a strong mastery of both English & Azure platforms hence following was easy. She was also patient and was answering every question asked, she also shared material & tips on how to pass the exam, Well done, and keep it up.
Nick Barker
United States
A1. Calm and understanding, she not only kept the course running well but also took time to help those with lots of questions. Very well done.
Robin Johnson
United States
A2. Individual attention during training, excellent customer service and coordination. Neha has been ever so helpful and is definitely an asset to Koenig.
Shivani Prasad
United States
A1. The trainer was great and his teaching methods were incredible. He used different teaching methods to ensure I was learning well. A fun trainer with lots of patience and understanding.
Adam
United States
A1. The trainer was very knowledgeable and well prepared about the presentation/training subject, with a positive attitude towards students and making every effort in answering questions during the training session. Top-notch service!
Suresh
United States
A1. Exceptional... recommend to everyone!
Shyam Vaddakapett
United States
A1. My trainer, Mohit Kakkar was excellent as he focused on hands-on assignments to supplement the concepts of AZ 900. The training coordinator Jasmeet as well as the ops manager Sheshadri are also very professional and customer-centric. I recommend Koenig for training courses, and I will take some more courses with them soon.
Gilles Chirlias
United States
A1. Chavi was a great teacher, I have learned a lot from her. I would like to have her for the next training, which would be the AZ 301 and AZ 500.
Abdulrahman Saad Alshahrani
United States
A1. Excellent trainer. I will take another course with him someday. He deserves a good appreciation from his Manager.
Anonymous
United States
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FAQ's

You can buy online from the page by clicking on "Buy Now". You can view alternate payment method on payment options page.
1-on-1 Public - Select your start date. Other students can be merged.
1-on-1 Private - Select your start date. You will be the only student in the class.
Yes, we do offer corporate training More details
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Yes, course requiring practical include hands-on labs.
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You can request a refund if you do not wish to enroll in the course.
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We do accept all major credit cards from Visa, Mastercard, American Express, and Discover.
Credit card transactions normally take 48 hours to settle. Approval is given right away; however,it takes 48 hours for the money to be moved.
Yes, we do accept partial payments, you may use one payment method for part of the transaction and another payment method for other parts of the transaction.
Yes, if we have an office in your city.
Buy-Now. Pay-Later option is available using credit card in USA and India only.
You will receive the digital certificate post training completion via learning enhancement tool after registration.
Yes you can.
Yes, we do. For details go to flexi
You can pay through debit/credit card or bank wire transfer.
Yes you can request your customer experience manager for the same.
Yes, we do.
Yes, we also offer weekend classes.
Yes, Koenig follows a BYOL(Bring Your Own Laptop) policy.
It is recommended but not mandatory. Being acquainted with the basic course material will enable you and the trainer to move at a desired pace during classes.You can access courseware for most vendors.

Prices & Payments

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Travel and Visa

Yes we do after your registration for course.

Food and Beverages

Yes.

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