Login access is only available to associates and administrative staff.

Financial and Basic Accounting Principles for Project Managers

You are here

This 2-day course provides participants with information and tools on how to get a better handle on the important area of financial management.

The course addresses financial related concepts and techniques to effectively manage projects and programs, as well as providing a foundation for understanding corporate finance and basic accounting principles.

The course covers techniques related to project reporting and decision-making process, as well as financial indicators and corporate financial reports.


By the end of the session, participants will be able to:

  • Articulate to stakeholders the financial status of the project
  • Explain aspects of corporate accounting
  • Gain focus on and maintain control over project estimates, profitability and performance
  • Show the connection between corporate finances and the impact on projects
  • Analyze the financial aspects of projects
  • Make informed decision with respect to pricing, contract, progress and project risk management
  • Use financial information within a project environment to predict and influence the final results
  • Recognize the project manager’s financial responsibilities



Project managers, project practitioners, anyone taking part in managing budgets as well as those who seek to improve their knowledge of basic accounting and financial concepts.


There is no prerequisite for this course. It functions as a stand-alone course.


You will receive a course binder.


Introduction and Overview

  • Benefits of project management
  • Project contracting and procurement
  • Key terms
  • Financial cycles


Project Accounting and Financial Basics

  • Determine project’s financial needs
  • Roles and responsibilities
  • Financial statements and balance sheets
  • Income statement, revenues and expenses
  • Cash flow statement
  • Basic accounting
  • Depreciation


Financial Justification and the Project Business Case

  • Portfolio management: aligning strategy and projects
  • Project decision points and gating
  • The project business case


Measure, Control and Forecast - Financial and Profitability Measurements

  • Financial principles and common financial metrics
  • Review of purposes, measurements and sentiments


Applying Finance and Accounting Principles to Project Management (including a review of Earned Value Management)

  • Project cost estimates and forecasting
  • Measuring project performance
  • Project financial performance and profitability
  • Status reports
  • Earned value management



course info

Course ID: PK-1091
Course Level: Beginner
Duration: 2 days

upcoming sessions

Session Not Found


PMI Talent TriangleThe following table provides the breakdown of the professional development units (PDUs) for the 2-day version of this course aligned with the PMI Talent TriangleTM.

  Tech. Ldrshp. Strat. & Bus.
PMP 6 1 7
PgMP 6 1 7
PfMP 2 1 7
PMI-ACP 4 1 7
PMI-SP 0 1 7
PMI-RMP 3 1 7
PMI-PBA 4 1 7

The three columns in the above table are Technical Project Management, Leadership, and Strategic & Business Management.

Other Credits

Other professional (re)certification credits are available, including:

  • Certified Business Analyst Professionals (CBAPs) earn 14CDUs (Category 2B)
  • Certified Software Quality Engineers (CSQEs) earn 2 RUs
  • CIPS Information Systems Professionals (ISPs) earn 14 Learning Credits
  • CIPS Information Technology Certified Professional (ITCPs) earn 14 Learning Credits