Oracle_ProjectCostingFndamentalsebs12.ppt

Project Costing fundamental

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Overview of Oracle Project Costing

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Objectives
After completing this lesson, you should be able to do the
following:
•Discuss the key areas that are part of Oracle Project
Costing

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Agenda
•Oracle Project Costing and the Oracle Enterprise Project
Management Solution
•Oracle Project Costing Overview

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Oracle Enterprise Project Management Solution
Enterprise and Insight
Collaboration Accounting and
Operations
Project
Management
Resource
Management
Global
Project
Repository
Project
Initiatives
Enterprise
Integration
Sales
Delivery
Research &
Development
Construction
Information
Technology
Product
Development
Marketing
Financials
HR
Supply Chain
Sales
Asset
Management
Time &
Expense
Documents
Personalized Role-Based Views
Portfolio Analysis

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Oracle Project Costing and Integration
Collect project-related costs
Oracle Payables
Oracle Time & Labor
Oracle Inventory
Oracle Purchasing
Oracle Internet Expenses
Oracle Asset Tracking
Oracle Project
Manufacturing
Oracle iProcurement
Oracle Project Costing imports
data from these applications:
OracleProject
Costing

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Oracle Project Costing and Integration
Oracle General Ledger
Oracle Assets
Oracle Subledger
Accounting
Interface assets and
asset lines
Create accounting for
project costs
Oracle Project Costing sends
data to these applications:
OracleProject
Costing

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Agenda
•Oracle Project Costing and the Oracle Enterprise Project
Management Solution
•Oracle Project Costing Overview

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Oracle Project Costing and Project Classes
Collect costs for all project classes:
Indirect Capital Contract
Track overhead
costs such as
Research &
Development.
Track capital
asset costs and
retirement
adjustment asset
costs.
Track costs,
revenue, and
bill customers.

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Overview of Resources In Oracle Projects
Oracle Project
Resource
Management
Staff resources on
projects
Oracle Project
Management
Budget labor costs
Oracle Project
Collaboration
Participate as team
members
Oracle Project
Costing
Collect labor costs
Oracle Project
Billing
Bill labor hours
Oracle Project Foundation
Shared Resource Pool

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Costing Flow
PRC: Distribute Labor Costs
PRC: Generate Cost Accounting Events
PRC: Create Accounting
PRC: Transfer Journal Entries to GL
(optional)
Journal Import
(Oracle General Ledger)
Example: Costing flow for uncosted and unaccounted
labor expenditures
Enter and approve expenditures Import transactions

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Collect and Manage All Costs
Collect
Costs
Manage
Costs
Track Actual & Committed Costs
Straight Time
Overtime
Inventory
Work in Process
Expense Reports
Supplier Invoices
Burden Transactions
Usages
Misc. Transactions
Types of Costs
Adjustments

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Manage Costs
Oracle Project
Costing
Cost Collection
and Accounting
Collect
Costs
Manage
Costs
Track Actual & Committed Costs
Adjustments
Cross Charge
Burdening
Allocations
Asset Capitalization
Oracle Project
Costing Features

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View Accounting: Transaction Details
Oracle General
Ledger
Oracle Subledger
Accounting
Drill down from
journal entries to
subledger details.
Drill down from
subledger details to
transaction details.
OracleProject
Costing

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View Accounting: Final Subledger Accounting
Entries
You can view accounting for expenditure items for which you have
created accounting in final mode in Oracle Subledger Accounting.
Oracle Subledger
Accounting
View final subledger
accounting for
expenditure items.
OracleProject
Costing

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View Expenditure Item Details
Expenditure Item
Cost
Distribution
Lines
Revenue
Distribution
Lines
AP Invoice
PO Receipt
Item Details
Item Details
Button
Expenditure Inquiry: Item details options
Purchase
Order
Details

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Summary
In this lesson, you should have learned how to:
•Explain the features of Oracle Project Costing

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Quiz
Oracle Project Costing imports data from which of these
applications?
a.Oracle Inventory
b.Oracle Supplier Ship and Debit
c.Oracle Service Contracts
d.Oracle Purchasing

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Quiz
Oracle Project Costing exports data to which of these
applications?
a.Oracle Internet Expenses
b.Oracle Assets
c.Oracle General Ledger
d.Oracle Project Manufacturing

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Quiz
You use Oracle Project Costing to generate revenue and
invoices by billing labor hours on a project.
a.True
b.False

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Quiz
The PRC: Distribute Labor Costs program uses AutoAccounting
to determine the default debit account for each expenditure
item.
a.True
b.False