IFS Financials - Project Finance


This course provides a comprehensive understanding of the Project Finance functionality of IFS Financials related to the IFS Applications.


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 Applications 10 Essentials, General Ledger


IFS Academy Inquiry Text


  • Consultants

IFS Applications Version:

  • IFS Applications 10


  • IFS Financials




Classroom - 1.5 days, Virtual Classroom - 3 sessions (of 4 hours)