Financial Management

This course focuses on organizing project financial accounting in Timetta and is designed for specialists responsible for project finances, financial control, and management reporting.

During the course, participants will learn the principles of financial accounting in Timetta and how to use the system to record business transactions, prepare financial reports, and monitor the financial health of projects. You will learn how to account for revenue, labor costs, direct expenses, outstaffing costs, settlements with suppliers and subcontractors, and how to work with financial entries, accounting periods, and documents. Special attention is given to project financial analysis, P&L reporting, working capital calculation, outstanding project costs, capital cost accruals, and billing for Time & Materials (T&M) projects.

The course combines theoretical materials, an online webinar, practical assignments, and a final test, helping participants apply their knowledge to scenarios close to real project work.

After successfully completing the final test, participants receive a personalized certificate confirming their knowledge of project financial accounting processes and Timetta financial management tools.

Who this course is for

  • financial managers;
  • financial controllers;
  • CFM (Corporate Finance Management) specialists;
  • finance team members responsible for project accounting;
  • system administrators supporting the Timetta financial module.
Course content
  1. Financial accounting principles in Timetta

  2. Revenue accounting

  3. Labor cost accounting

  4. Direct cost accounting

  5. Outstaffing cost accounting

  6. Accounting for settlements with suppliers and subcontractors

  7. Financial entries

  8. Project P&L and consolidated P&L

  9. Project working capital

  10. Outstanding project costs

  11. Capital cost accruals

  12. Extended P&L

  13. Accounting periods

  14. Outgoing invoices and payment accounting

  15. Incoming invoices and payment accounting

  16. Billing for Time & Materials (T&M) projects

  17. Practical assignments

  18. Final assessment

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