Pideya Learning Academy

Accounting and Project Control for Project Management

Upcoming Schedules

  • Schedule

Date Venue Duration Fee (USD)
03 Feb - 07 Feb 2025 Live Online 5 Day 2750
03 Mar - 07 Mar 2025 Live Online 5 Day 2750
07 Apr - 11 Apr 2025 Live Online 5 Day 2750
09 Jun - 13 Jun 2025 Live Online 5 Day 2750
18 Aug - 22 Aug 2025 Live Online 5 Day 2750
22 Sep - 26 Sep 2025 Live Online 5 Day 2750
03 Nov - 07 Nov 2025 Live Online 5 Day 2750
08 Dec - 12 Dec 2025 Live Online 5 Day 2750

Course Overview

In today’s dynamic project-driven environments, the ability to align accounting practices with robust project control mechanisms is a critical success factor for delivering projects on time, within scope, and under budget. As organizations grow increasingly complex, project managers and finance professionals must develop a clear understanding of how financial controls, cost tracking, and project accounting intersect to drive informed decision-making and ensure accountability across all stages of a project. Pideya Learning Academy presents the Accounting and Project Control for Project Management training, a comprehensive program designed to equip professionals with the strategic tools and financial frameworks essential for high-impact project delivery.
According to the Project Management Institute’s Pulse of the Profession Report 2023, organizations that align financial management with project performance are 38% more likely to meet original goals and 30% more likely to stay within budget. However, despite this strong correlation, nearly 44% of project professionals admit to struggling with integrating cost management and accounting into their project workflows. This training by Pideya Learning Academy directly addresses this skills gap by delivering a unified approach to accounting, budgeting, financial forecasting, cost control, and variance analysis—tailored specifically for project environments.
The Accounting and Project Control for Project Management course focuses on empowering participants to bridge the gap between financial management and project execution. Attendees will explore essential topics including work breakdown structures (WBS), budgeting techniques, earned value management (EVM), project costing, expense tracking, internal financial reporting, and audit readiness. Through expert-led guidance and structured learning modules, participants will gain the ability to interpret and communicate project financials with clarity and confidence, enabling better collaboration between project teams and finance departments.
Throughout the training, participants will benefit from mastering project-based budgeting methods, enhancing their ability to prepare and monitor project cost baselines. The course also emphasizes the use of Excel-based financial tools to support decision-making, offering real-world applications that are easily transferable to their day-to-day work. Additionally, the training covers key frameworks for controlling project expenditures, managing change orders, and forecasting financial risks throughout the project lifecycle.
Participants will learn how to integrate project schedules with financial control mechanisms to deliver a cohesive and traceable audit trail, which enhances transparency and boosts stakeholder confidence. They will also explore cost-benefit analysis techniques that help assess project feasibility and resource allocation, enabling them to take a proactive role in project planning and post-implementation reviews. With a focus on compliance, reporting accuracy, and financial agility, the course enables professionals to elevate their impact across projects and programs.
Among the key benefits, participants will:
• Strengthen their understanding of cost control principles in the context of project execution
• Learn how to integrate accounting data into project management systems and workflows
• Gain the ability to prepare, track, and adjust project budgets using real-time data
• Enhance communication between project management, procurement, and finance teams
• Understand the financial implications of project risks, delays, and changes
• Develop competency in financial reporting and audit preparation for project-based activities
• Use Excel-based templates and models to improve project cost visibility and KPI tracking
By the end of the Accounting and Project Control for Project Management course, professionals will be equipped with a strategic mindset and technical expertise to lead financially sustainable projects. Whether managing capital-intensive infrastructure projects or overseeing smaller operational initiatives, the skills acquired through this Pideya Learning Academy program will ensure that financial control becomes an enabler of project success, not a reactive checkpoint.
This course is ideal for organizations looking to build financial accountability into their project frameworks and for individuals aiming to advance in the fields of project accounting, financial planning, and cost management.

Course Objectives

After completing this Pideya Learning Academy training, the participants will learn to:
Understand the strategic role of Accounts Payable in project environments
Evaluate and improve AP workflows based on industry best practices
Apply fundamental accounting principles in AP-related activities
Optimize vendor and supplier data management processes
Identify and address common inefficiencies and risks in AP operations
Leverage Excel and other tools to monitor AP performance metrics and KPIs
Enhance collaboration between AP, procurement, and finance departments

Personal Benefits

Participants will gain:
In-depth knowledge of accounts payable operations in project contexts
Competence in using Excel tools to analyze and present AP data
Confidence to implement AP best practices in their roles
Enhanced visibility and value within their organizations
Skills that support career growth in finance, procurement, and project accounting

Organisational Benefits

Organizations that enroll their staff in this Pideya Learning Academy training can expect to:
Improve AP processing efficiency and accuracy
Reduce risks associated with vendor payment errors and regulatory non-compliance
Strengthen internal audit preparedness and transparency
Increase staff capability to support cross-functional business processes
Enhance vendor satisfaction through timely and accurate payment cycles

Who Should Attend

This training is designed for:
Project Accountants and Accounts Payable Officers
AP Clerks, Specialists, and Supervisors
Project Managers involved in cost and vendor management
Professionals in finance, procurement, and audit roles who collaborate with the AP department
Anyone aspiring to transition into AP or enhance their understanding of AP’s strategic functions within project operations

Course Outline

Module 1: Strategic Role of Project Accounts Payable in Financial Operations
Understanding the strategic importance of Accounts Payable (AP) Linking AP with project cash flow and working capital optimization Impact of AP on organizational financial health and liquidity AP's contribution to internal financial control frameworks
Module 2: Fundamentals of AP Operations and Organizational Integration
Core functions and responsibilities of the Accounts Payable team Aligning AP roles with enterprise financial goals Organizational structure and reporting lines for AP departments AP’s interaction with procurement, treasury, and finance teams
Module 3: Accounting Principles Relevant to Project AP
Essential accounting concepts for Accounts Payable professionals Understanding general ledger vs. sub-ledger systems Month-end close processes and accrual accounting AP’s role in accurate financial reporting
Module 4: Key Terminology and Tools for AP Professionals
Common financial and AP-specific terminology Introduction to project-related financial vocabulary Standard terms used in invoice processing and vendor transactions
Module 5: Invoice Management and Transactional Efficiency
Standard invoice lifecycle: receipt to payment Techniques for invoice validation and dispute resolution Understanding three-way match processes Automating invoice handling and approval workflows
Module 6: Payment Processing Techniques and Vendor Data Management
Methods of payment execution: ACH, wire, cheque, virtual cards Securing vendor master file data and reducing duplicate entries Managing electronic payment platforms and automation tools Integrating T&E reimbursements and procurement card (P-Card) programs
Module 7: Performance Optimization and Process Standardization
Identifying opportunities for operational benchmarking Developing and applying AP performance KPIs Implementing process improvement initiatives in AP Cost-benefit analysis of standardization and automation
Module 8: Risk Mitigation and Internal Control Strategies
Establishing internal controls in payment workflows Planning and preparing for internal and external audits Identifying and preventing fraudulent transactions Designing a robust disaster recovery and continuity plan
Module 9: AP Outsourcing and Shared Services
Evaluating the benefits and risks of outsourcing AP functions Contractual oversight and SLA management for third-party providers Performance tracking in shared services environments Transition management and change communication
Module 10: Human-Centric Management of the AP Function
Enhancing the public image of the AP department Motivating and retaining AP staff Building collaborative team structures within AP Communication techniques for cross-functional alignment
Module 11: Conflict Resolution and Customer Service in AP
Managing disputes with internal stakeholders and suppliers Enhancing service levels through vendor support strategies Elevating AP’s customer service culture Building AP as a value-added business partner
Module 12: Supplier Payment Optimization Strategies
Defining payment timing strategies aligned with cash flow Evaluating the cost implications of early and delayed payments Calculating and leveraging early payment discounts Coordinating supplier terms with treasury cash management
Module 13: Excel for Data Analysis in Project Accounts Payable
Utilizing Excel to manage AP datasets and reports Creating pivot tables for payment trend analysis Analyzing Accounts Payable aging reports Visualizing supplier performance and payment cycles
Module 14: Advanced AP Analytics and Commercial Impact
Interpreting AP data to negotiate better supplier terms Linking payment behavior with supplier risk and loyalty Using analytics to support sourcing and procurement decisions Assessing the financial impact of AP improvements on project profitability
Module 15: Technology Integration in AP Processes
Interfacing ERP systems with AP modules Use of AI and OCR in AP data capture Implementing robotic process automation (RPA) for AP tasks Cybersecurity measures in financial systems and vendor portals

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