IFS FINANCIALS – PROJECT FINANCE

ABOUT THIS COURSE

This is one of the courses towards gaining the IFS Certified Specialist accreditation for Consultants. It enables students to cover and prepare all of the examination specification topics for the Project Finance exam.

Target Audience

Those who need to identify and state the essential decisions to be made, basic data to be created and processes involved in the Project Finance in support of IFS Financials in IFS Applications.

Lessons

  1. Overview Account Payable and Supplier Invoicing
  2. Basic Data for Supplier Invoicing
  3. Invoice Types
  4. Processing an Invoice
  5. Supplier Debit/Credit notes
  6. Supplier Advance invoicing
  7. E-Invoice and Posting Proposals
  8. Authorize an Invoice
  9. Cancel an Invoice
  10. Supplier payments
  11. Accounts Payable Analysis

Objectives

At the end of this course, the students will be able to:

  • Understand the integration between IFS Financials and Project Management
  • Set up Project Accounting Basic Data
  • create a Project
  • Understand the functions of Project Balance Sheet
  • Post a Supplier Invoice connected to a Project
  • Create Project Cost transactions
  • Invoice from a Project
  • Handle Capitalization and Revenue Recognition
  • Analyze a Project in the General Ledger
  • Close a Project

Prerequisites

Knowledge: Perfect understanding of the accounting in business processes, company set up, accounts, code parts and posting controls.

Courses: IFS Fundamentals, General Ledger

Exams: IFS Fundamentals (recommended)

training

Track:

  • Consultants

Certification:

  • Specialist

Module:

  • IFS Financials

Course ID:

CS90FINPA

Duration:

1,5 days

Type of Course:

  • Workshop