Debits & Credits for Project Managers: Fundamentals of Accounting and Related Business Cycles

Have you ever found yourself leading a major project, but didn’t understand the accounting cycle behind it? It’s like being in a foreign country and not understanding the language and culture.

 

Corporations are in business to make money. A failure to understand the monetary flows and cycles may lead to major scope creep, project delays, and cost overruns. The financial transactions and cycles are the life blood of an organization. They move the money between the department and accounts right through to the financial statements.

 

This seminar is developed for project managers who have limited work experience in accounting or people who want a refresher. A good working knowledge of accounting is critical to successfully understanding, implementing, and maintaining business applications, such as

• Enterprise resource planning (ERP)

• Manufacturing & supply chain management (SCM)

• Human resources (HRIS) & payroll

• Customer resource management (CRM)

 By understanding the dynamics between the money and business flows, you’ll be able to enhance your career by cultivating better working relationships with finance, audit, and accounting professionals. You’ll learn how to “think accounting” while witnessing the physical flows of material, people, and services throughout an organization.

 

You’ll Learn

• The language of accounting

• Debits, credits, and all those “T” accounts

• Month end close process

• Four financial statements & their relationships

• Internal controls

• Sales and collection cycle

• Payroll and personnel cycle

• Acquisition and payment cycle

• Inventory and warehouse cycle

• Capital acquisition and repayment cycle

               

 

Keynote Speech Examples & Abstracts

• Finding the I in TEAM - Leadership Lessons From Some of the World's Toughest Marathons
• Selling the PMO (and Other Concepts) to Executives
• Preventing the Scope Creeper From Killing Your Project
• The Secrets to Successfully Select & Implement Business Software Applications

Seminars & Abstracts

• Debits & Credits for Project Managers: Fundamentals of Accounting and Related Business Cycles
• Running To Leadership: Individual and Team Building
• Managing Difficult Projects: Techniques to Sail Through (Or Around) The Perfect "Project" Storm (i.e. Limited Resources, Lack of Time, And/Or Changing Scope)
• Establishing & Maintaining a Project Management Office (PMO)

 

 

Anthony Reed at the PMI Latin American Congress in Sao Paulo, Brazil

Audio Video Requirements

One 12' square screen or larger. If you're a small group in a small room, you may not be able to accommodate a 12' square screen. Please provide the largest screen possible for the room size.

• Access to an LCD projector and a laptop or PC for use with a CD or flash drive containing images in PowerPoint format.
• One lapel wireless microphone.

PLEASE NOTE: - Anthony would like 30 minutes with the AV technician prior to his presentation to test images & audio levels.