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What you will learn:

In this course, students will learn about the implementation of 11i Oracle Project Costing. The course encompasses key setup considerations, from implementing expenditures and AutoAccounting to running costing processes, and explains some of the impacts of implementation decisions. Students will also learn how this product fits into the Oracle eBusiness Suite. Students will learn through the use of tutorials, supplemented with guided demonstrations and hands on practices.

Oracle Project Costing is an integrated project-based cost collection, management, and accounting solution that enables organizations to effectively manage projects and activities. Project managers are empowered with timely, detailed cost information to monitor project performance, while financial managers can track and account for the total costs of running their business. Oracle Project Costing is part of the Oracle Enterprise Project Management solution. Oracle Enterprise Project Management provides a set of applications that help companies deliver global projects by integrating and managing project information. It enables all persons at all levels of the enterprise to participate and collaborate on the projects at appropriate levels in a centralized environment.

Audience:

• Functional Implementer
• Sales Consultants
• Project Manager

Prerequisites:

Required Prerequisites:

• 11i eBusiness Suite Essentials for Implementers

Suggested Prerequisites:

• Basic knowledge of project management
• Basic knowledge of project accounting

Course Objectives:

• Identify the features of Oracle Project Costing
• Describe how Oracle Project Costing integrates with the Oracle eBusiness Suite
• Understand the impacts of key implementation decisions
• Monitor project performance
• Manage projects and activities
• Maintain centralized tracking of all projects
• Set up 11i Oracle Project Costing

Course Topics:

Overview of Oracle Project Costing

Defining Projects for Costing

• Defining Costing-Related Project Information
• Controlling Expenditures

Entering Expenditure Batches

• Entering, Releasing, and Submitting PreApproved Batches
• Automatically Reversing Expenditure Batches

Implementing Expenditures

Performing Cost Processing

• Performing Cost Distribution
• Interfacing Costs
• Period Processing

AutoAccounting for Costs

Implementing Non-Labor Costing

Implementing Labor Costing

Implementing Burden Costing

• Overview of Burdening
• Defining Burden Structures and Schedules
• Accounting for Cost Adjustments Resulting from Burden Schedule Revisions

Performing Cost Adjustments

Cross Charge

• Overview of Cross Charge
• Processing Borrowed and Lent Cross Charges
• Implementing Borrowed and Lent Cross Charge Processing

Integration with Oracle Purchasing and Oracle Payables

Integration with Oracle Internet Expenses

Integration with Oracle Time & Labor

Integration with Oracle Inventory

Allocations and AutoAllocations

• Defining Allocation Rules
• Processing Allocations
• Defining AutoAllocations Sets

Asset Capitalization

• Overview of Asset Capitalization
• Capitalizing Assets
• Implementing Asset Capitalization

Asset Capitalization: Capitalizing Interest

• Overview of Capitalized Interest
• Implementing Capitalized Interest

Overview of Budgetary Controls and Budget Integration

• Budgetary Controls
• Bottom-Up Budget Integration
• Top-Down Budget Integration
• Top-Down Budget Integration with Oracle Contract Commitments
• Creating Budgets with Budgetary Controls and Budget Integration

Implementing Budgetary Controls and Budget Integration

• Shared Setup Steps
• Budgetary Controls Setup
• Budget Integration Setup

Suggested Next Courses:

• 11i Admin/Use Grants Accounting
• 11i Project Management Fundamentals
• 11i Project Billing Fundamentals

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