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    PA Suites - Accounting - Billing and Costing

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    Poshala_Ramesh
    This document discusses Oracle Project Costing functionality including integration with other Oracle modules, cost capture and accounting functionality, project types supported, auto-accounting rules, accounting transactions, reports, and new functionality in Release 12. Key points include the ability to enter, import, adjust, and transfer costs between projects and general ledger; create assets; enforce budgetary controls; and access online inquiries and management reports. Integration is provided with modules like Oracle Inventory, Payables, Payroll, and Assets.

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    PA Suites - Accounting - Billing and Costing

    Uploaded by

    Poshala_Ramesh
    106 views15 pages
    This document discusses Oracle Project Costing functionality including integration with other Oracle modules, cost capture and accounting functionality, project types supported, auto-accounting rules, accounting transactions, reports, and new functionality in Release 12. Key points include the ability to enter, import, adjust, and transfer costs between projects and general ledger; create assets; enforce budgetary controls; and access online inquiries and management reports. Integration is provided with modules like Oracle Inventory, Payables, Payroll, and Assets.

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    This document discusses Oracle Project Costing functionality including integration with other Oracle modules, cost capture and accounting functionality, project types supported, auto-accounting rules, accounting transactions, reports, and new functionality in Release 12. Key points include the ability to enter, import, adjust, and transfer costs between projects and general ledger; create assets; enforce budgetary controls; and access online inquiries and management reports. Integration is provided with modules like Oracle Inventory, Payables, Payroll, and Assets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    106 views15 pages

    PA Suites - Accounting - Billing and Costing

    Uploaded by

    Poshala_Ramesh
    This document discusses Oracle Project Costing functionality including integration with other Oracle modules, cost capture and accounting functionality, project types supported, auto-accounting rules, accounting transactions, reports, and new functionality in Release 12. Key points include the ability to enter, import, adjust, and transfer costs between projects and general ledger; create assets; enforce budgetary controls; and access online inquiries and management reports. Integration is provided with modules like Oracle Inventory, Payables, Payroll, and Assets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 15

    Project Costing

    Presented to By Qamarah Aleem, Teamleader Oracle ERP Solutions Illuminat

    Agenda
    The Projects Suite Oracle Project Management Solution Business Flow Oracle Project Costing Functionality Oracle Project Costing Integration Oracle Project Costing Reporting & Query Functionality

    Oracle Projects Suite


    Project Management
    Global Project Repository

    Resource Management

    Collaboration

    Accounting: Project Billing & Project Costing

    Enterprise & Project Insight

    Oracle Project Costing - Integration


    Oracle Inventory Oracle Time & Labor Oracle Payroll

    Oracle Project Contracts Oracle Project Manufacturing Oracle Purchasing

    Oracle General Ledger Oracle Project Costing Oracle Assets

    Oracle Payables

    Oracle HR

    Oracle Internet Expenses

    Oracle Project Costing - Cost Capture Functionality


    Enter Labour & Non-Labour Costs on Projects :
    Enter Costs manually Enter via Excel Upload Import Costs from other Oracle Modules e.g. Oracle Payables. Import Costs from Third Party Systems Transfer Costs among Projects

    Adjust Costs :
    Adjust Costs & update Oracle subledgers with adjustments Load/Burden Costs e.g. add on real costs of Labour such as Uniforms for Security Guards. Allocate Indirect Costs

    Capture, Collect and Manage All Costs


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

    Oracle Project Costing and Project Types


    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.

    Project Accounting -Functionality


    AutoAccounting: Generation of GL Accounts according to rules using Data Captured in the Project Project Expenditure Type Task Project Type

    AutoAccounting Rules
    AutoAccounting Rules SQL Statement Constant Parameter

    Parameter Parameter Parameter

    Lookup Set Lookup Set Lookup Set

    Lookup Set

    Accounting Transactions

    01-422-5050-000 The Account Generator builds the accounts. Enter project-related information in Oracle Purchasing and Oracle Payables. Accounts are generated.

    Oracle Project Costing - Functionality


    Transfer Costs to GL :
    Transfer Costs to General Ledger Integration Tieback CapabilityReconciliation

    Create Asset :
    Account for RWIP-Retirement Workin-Progress e.g. Demolition of new Premises before build-out Create Capitalized/CIP Asset in Oracle Fixed Assets Add Source Lines/Costs to Assets in Fixed Assets Adjust Asset information in Oracle Project Costing after transfer to Oracle Fixed Asset

    Budgetary Control :
    Enforce budgetary controls for project-related expense commitment transactions. Integrate with Oracle General Ledger

    Oracle Project Costing Reports & Inquiries


    Project Costing Online Inquiries
    Project Status Inquiry (PSI) Percentage Complete by Task Project Task Inquiry Expenditure Inquiry Budget Inquiry

    Project Costing Reports


    Management Reports Capital project Summary Report Project Asset Details Report Task- Revenue, Cost, Budgets by Resources Audit reports Project Configuration Project Sub ledger-Detail by Expenditure Type/Project Supplier Invoice Audit Report Tieback Reports (Reconciliation)

    Release 12-Projects New Functionality


    MOAC Enabled-Multi Org Access Control for expenditure entry, expenditure inquiry, and transaction processing. Integration with Subledger Accounting -Oracle Project Costing honors both the accounting rules defined in AutoAccounting and the accounting rules defined in Oracle Subledger Accounting Subcontractor Payment Management- The commitment and cost reporting processes in Oracle Project Costing have been enhanced to support complex procurement scenarios e.g. retention, advances, and finance payments.

    Thank You

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