Project Finance & Basic Accounting Training | Houston, TX | Dec 8–9, 2026

About this event

Financial and Basic Accounting Principles for Project Managers 2-Day Professional Training | Houston, Texas, USA Course Overview Effective project management requires more than planning schedules and coordinating teams. Project managers also need a solid understanding of financial concepts, accounting principles, budgeting, cost control, and project profitability to make informed decisions and deliver successful outcomes. The Financial and Basic Accounting Principles for Project Managers course is designed to equip participants with the essential financial knowledge and practical skills needed to manage project finances confidently. Participants will learn to interpret financial statements, understand cash flow, evaluate project costs, forecast financial performance, and communicate financial information clearly to stakeholders. The course also explores project contracting and procurement, financial justification, business cases, portfolio alignment, project decision gates, and Earned Value Management (EVM). By connecting financial principles with project planning and execution, participants will develop a stronger understanding of how financial decisions influence project performance and organizational objectives. Through structured instruction and practical applications, participants will learn to monitor project financial health, identify potential risks, evaluate profitability, and use financial information to support better project decisions. Course Details

Duration: 2 Days Location: Houston, Texas, USA Delivery Options: Classroom, Virtual, or On-site Language: English Professional Development Credits: 16 Examination: No examination Prerequisites: Basic understanding of project management principles recommended Course Materials: Course manual, presentation slides, and reference materials

Learning Objectives By the end of this course, participants will be able to:

Communicate project financial status clearly to stakeholders. Explain fundamental corporate accounting concepts. Monitor project estimates, profitability, and financial performance. Analyze the financial implications of project decisions. Make informed decisions regarding pricing, contracts, progress, and risks. Use financial information to forecast potential project outcomes. Understand the financial responsibilities of project managers. Interpret financial statements, balance sheets, income statements, and cash flow statements. Understand revenues, expenses, depreciation, and basic accounting principles. Identify project financial requirements and evaluate financial needs. Develop and assess project business cases and financial justifications. Understand how project portfolios align with organizational strategy. Apply financial metrics and Earned Value Management to monitor project performance. Prepare and interpret project financial status reports. Improve cost control, forecasting, and profitability assessment.

Who Should Attend? This course is suitable for professionals who participate in project planning, budgeting, financial monitoring, or project-related decision-making, including:

Project Managers Project Practitioners Professionals involved in project budget management Financial Officers Budget Analysts Business and Operations Managers Professionals responsible for project cost estimates and forecasts Individuals seeking to strengthen their understanding of accounting and financial concepts

Course Agenda Day 1: Financial and Accounting Fundamentals Module 1: Introduction and Overview

Introduction to the course and its objectives Benefits of project management Project contracting and procurement

Module 2: Financial Concepts and Cycles

Key financial terms Understanding financial cycles Project accounting and financial fundamentals Determining project financial needs

Module 3: Financial Roles and Responsibilities

Financial responsibilities within projects Roles and responsibilities of project stakeholders Financial accountability in project environments

Module 4: Understanding Financial Statements

Financial statements and balance sheets Income statements Revenues and expenses Interpreting financial information for project decisions

Day 2: Financial Planning, Control, and Performance Module 5: Cash Flow and Accounting Principles

Cash flow statements Basic accounting principles Depreciation

Module 6: Financial Justification and Business Cases

Financial justification for projects Developing the project business case Portfolio management and strategic alignment Project decision points and gating

Module 7: Measuring, Controlling, and Forecasting

Financial and profitability measurements Financial principles and metrics Reviewing financial purposes, measurements, and indicators

Module 8: Applying Finance to Project Management

Applying accounting and financial principles to projects Earned Value Management (EVM) Project cost estimates and forecasting Measuring project performance Project financial performance and profitability Project financial status reports

Training Schedule Day 1

9:00 AM – 10:30 AM: Introduction and Overview; Benefits of Project Management; Project Contracting and Procurement 10:30 AM – 10:45 AM: Morning Break 10:45 AM – 12:30 PM: Key Financial Terms; Financial Cycles 12:30 PM – 1:00 PM: Project Accounting and Financial Basics 1:00 PM – 1:30 PM: Lunch Break 1:30 PM – 2:30 PM: Project Accounting and Financial Basics (Continued); Determining Project Financial Needs 2:30 PM – 2:45 PM: Afternoon Break 2:45 PM – 5:00 PM: Roles and Responsibilities; Financial Statements and Balance Sheets; Income Statement, Revenues, and Expenses

Day 2

9:00 AM – 10:30 AM: Cash Flow Statement; Basic Accounting Principles; Depreciation 10:30 AM – 10:45 AM: Morning Break 10:45 AM – 12:30 PM: Financial Justification and the Project Business Case; Portfolio Management and Strategic Alignment 12:30 PM – 1:00 PM: Project Decision Points and Gating 1:00 PM – 1:30 PM: Lunch Break 1:30 PM – 2:30 PM: Measuring, Controlling, and Forecasting Financial and Profitability Performance 2:30 PM – 2:45 PM: Afternoon Break 2:45 PM – 5:00 PM: Financial Principles and Metrics; Review of Purposes, Measurements, and Indicators; Applying Finance and Accounting Principles to Project Management, Including Earned Value Management

Key Benefits Improved Financial Efficiency Develop a better understanding of project financial management to support cost-conscious decisions and effective resource allocation. Stronger Cost Control and Profitability Learn how project estimates, financial monitoring, and forecasting can help identify cost pressures and assess project profitability. Better Financial Decision-Making Use financial information and performance indicators to support informed decisions throughout the project lifecycle. Greater Financial Transparency Strengthen your ability to interpret and communicate financial information, helping stakeholders understand project status and financial implications. Proactive Financial Risk Management Recognize potential financial issues earlier by monitoring project costs, forecasts, performance, and risks. Improved Stakeholder Communication Build confidence in explaining financial status, financial reports, and project performance to stakeholders. Strategic Alignment Understand how project business cases, financial justification, and portfolio management support organizational objectives. Practical Application Explore ways to apply accounting and financial principles to project budgets, cost estimates, forecasting, and performance measurement. Course Materials Participants will receive:

A course manual with presentation slides Relevant reference materials

eBook Technical Requirements For participants using eBooks, the following may be required:

Internet access to download the eBook A laptop, tablet, smartphone, or compatible eReader; Kindle is excluded Adobe DRM-compatible software, such as Adobe Digital Editions Access to the applicable eBook download and activation instructions

Prerequisites Participants should have a basic understanding of project management principles. Previous formal accounting training is not specified as a requirement. Examination and Certification There is no examination for this course. The course focuses on developing practical knowledge and understanding of financial and accounting principles as they apply to project management. The supplied course information refers to 16 professional development credits. The specific credit scheme or accrediting organization has not been identified. Frequently Asked Questions 1. Who is the ideal participant for this course? The course is intended for project managers, project practitioners, financial officers, budget analysts, and other professionals involved in project financial planning, budgeting, or management. 2. What skills will I develop? You will develop an understanding of project budgeting, financial statements, cash flow, financial analysis, forecasting, cost control, profitability, and Earned Value Management. 3. Are there any prerequisites? A basic understanding of project management principles is recommended. 4. Does the course include an examination? No. There is no examination for this course. 5. Are professional development credits available? The course information specifies 16 professional development credits. Please confirm the applicable credit scheme and eligibility requirements if you need credits for a particular professional body. 6. What materials are provided? Participants will receive a course manual containing presentation slides and reference materials. 7. How long is the course? The course runs for two days, with scheduled sessions from 9:00 AM to 5:00 PM each day, including breaks and a lunch period. 8. What topics are covered? Topics include project financial needs, financial statements, balance sheets, income statements, cash flow, accounting principles, depreciation, project business cases, portfolio alignment, financial metrics, cost forecasting, project performance, and Earned Value Management. 9. How can this course benefit my work? The course can help you better understand project financial information, monitor budgets, evaluate financial performance, communicate with stakeholders, and make more informed project decisions. 10. Is virtual or on-site delivery available? The supplied course information lists classroom, virtual, and on-site delivery options. Please contact the provider to confirm availability for your preferred format. Registration and Enquiries For registration assistance, group bookings, or questions about course delivery, please contact: Email: info@strivewisdom.com Build your financial confidence, strengthen project cost control, and make better-informed project decisions.

From Strive Wisdom