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What you will learn:

In this course, students will learn about the implementation of R12 Oracle Project Costing. The course encompasses key setup considerations, from implementing expenditures and accounting 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:

• Sales Consultants
• Project Manager
• Functional Implementer

Prerequisites:

Required Prerequisites:

• R12 Oracle E-Business Suite Essentials for Implementers
• R12 Project Foundation Fundamentals

Suggested Prerequisites:

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

Course Objectives:

• Set up R12 Oracle Project Costing
• 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

Course Topics:

Overview of Oracle Project Costing

Defining Projects for Costing

• Defining Costing-Related Project Information
• Controlling Expenditures

Entering Expenditures

• Entering, Releasing, and Submitting PreApproved Batches
• Automatically Reversing Expenditure Batches
• Entering Expenditure Batches Using Microsoft Excel
• Importing Transactions

Implementing Expenditures

Performing Cost Processing

• Performing Cost Distribution
• Creating Accounting
• Running Streamline Processes
• Understanding Period Processing

Accounting for Costs

• Implementing AutoAccounting
• AutoAccounting and the Account Generator
• Integration with Oracle Subledger Accounting

Implementing Non-Labor Costing

Implementing Labor Costing

Implementing Burden Costing

• Overview of Burdening
• Storing Burden Costs
• Accounting for Burden Costs
• Defining Burden Structures and Schedules
• Processing Burden Costs

Performing Cost Adjustments

Integration with Oracle Purchasing and Oracle Payables

• Overview of Supplier Costs
• Integration with Oracle Purchasing
• Integration with Oracle Payables
• Interfacing Supplier Costs
• Managing Subcontractor Payments
• Commitment Reporting
• Adjusting Supplier Costs
• Implementing Integration

Integration with Oracle Internet Expenses

• Entering and Processing Project-Related Expense Reports
• Implementation Setup Steps

Integration with Oracle Time & Labor

• Entering and Processing Project-Related Timecards
• Implementation Setup Steps

Allocations and AutoAllocations

• Defining Allocation Rules
• Processing Allocations
• Defining AutoAllocations Sets
• Processing AutoAllocations

Asset Capitalization

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

Asset Capitalization: Capitalizing Interest

• Overview of Capitalized Interest
• Implementing Capitalized Interest

Cross Charge

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

Appendix A: Integration with Oracle Inventory, Project Manufacturing, and Asset Tracking

• Integration with Oracle Inventory
• Integration with Oracle Project Manufacturing
• Integration with Oracle Asset Tracking

Appendix B: Budgetary Controls and Budget Integration

• Budgetary Controls
• Overview of Budget Integration
• Top-Down Budget Integration
• Bottom-Up Budget Integration
• Non-Integrated Budgets with Budgetary Controls
• Implementing Budgetary Controls and Budget Integration

Suggested Next Courses:

• R12 Project Billing Fundamentals
• R12 Project Management Fundamentals
• R12 Project Resource Management Fundamentals

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