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
 
 
 
 
 
 
 
 
 
 
 
  1. Overview of Project Accounting
  2. Basic Data for Project Accounting
  3. Project Creation
  4. Project Balance Sheet
  5. Posting Project Cost
  6. Posting Project Revenue
  7. Periodical Capitalization and Revenue Recognition 
  8. Project Follow-up and Analysis
  9. Project Completion

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

  • To understand the integration between IFS Financials and Project Management
  • To be able to set up Project Accounting Basic Data
  • To be able to create a Project
  • To understand the functions of Project Balance Sheet
  • To be able to post a Supplier Invoice connected to a Project 
  • To be able to create Project Cost transactions
  • To be able to Invoice from a Project
  • To be able to handle Capitalization and Revenue Recognition
  • To be able to Analyse a Project in the General Ledger
  • To be able Close a Project

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)

 

Inquire

IFS Academy Inquiry Text

Track:

  • Consultants

IFS Applications Version:

  • IFS Applications 10

Certification:

  • Specialist

Module:

  • IFS Financials

Course ID:

CS10FINPA

Duration:

1.5 Days

Type of Course:

  • Workshop