Project Accounting Training
Oracle Project Accounting
Fundamentals Training will cover the common feature of Project Foundation,
Project Costing and Project Billing in Oracle Enterprise Project Management Solutions
Suite.
Project
Foundation Fundamentals
Oracle Project Foundation provides the common features and
setups shared across the products in the Oracle Enterprise Project Management
solution
Participants
Will Learn
ü
Identify features of organization
classifications in Oracle Projects.
ü
Identify the steps to define an organization.
ü
Identify features of an organization in Oracle
Projects.
ü
Identify the features of a work breakdown
structure(WBS)
ü
Project and Task Definition - Project Types ,
Project Templates
ü
Resource and Role Definition
ü
Project Accounting Periods
ü
Set of Books and Currencies
ü
Features of Oracle Project Costing (PJC).
ü
Features of Oracle Project Billing (PJB).
ü
The course will also cover the integration of
different Oracle Applications
ü
with Oracle Projects
Prerequisites
ü
Basic knowledge of Oracle Applications Financial
Modules
Project
Costing Fundamentals
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
Participants
Will Learn
Defining
Projects for Costing
ü
Defining Costing-Related Project Information
ü
Controlling Expenditures
Entering
Expenditure Batches
ü
Entering, Releasing, and Submitting Pre Approved
Batches
ü
Automatically Reversing Expenditure Batches
Performing
Cost Processing
ü
Performing Cost Distribution
ü
Processing Cost Adjustments
ü
Interfacing Costs
ü
Handling Cost Processing Exceptions
Setups for
Costing
ü
Performing Budget entry for costing
ü
Expenditure Types, Categories
ü
Labor Cost Multipliers
ü
Non-Labor Costing
Defining
Budgets for Costing
ü
Performing Budget entry for costing
ü
Defining Budgets Types and Entry Methods
ü
Defining Resource List for Budgets
Discuss
the use of Project Status Inquiry (PSI)
Auto
Accounting for Costs
ü
Defining Lookup Sets
ü
Defining Auto accounting Rules
ü
Assigning Auto Accounting
Implementing
Burden Costing
ü
Overview of Burdening
ü
Burden Cost Bases, Codes, Structures and Schedules
Allocations
and Auto-Allocations
ü
Defining Allocation Rules
ü
Processing Allocations
ü
Defining Auto-Allocations Sets
Asset
Capitalization
ü
Overview of Asset Capitalization
ü
Capitalizing Assets and integrating to Fixed
Assets
Cross
Charge
ü
Overview of Cross Charge
ü
Overview of Borrowed and Lent Cross Charges
Prerequisites
ü
Basic knowledge of Oracle Applications Project
Foundation
Project
Billing Fundamentals
Oracle Project Billing enables enterprises to simplify customer
invoicing, streamline corporate cash flow and measure the profitability of contract
projects. With Oracle Project Billing you can generate revenue, create the corresponding
accounting entries and interface the revenue accounting to Oracle GL. Project managers can review project invoices
online and analyze project profitability and accounting managers can see the
corporate impact of project work.
Participants
Will Learn
Overview of
Oracle Project Billing
ü
Describe the overall Project Billing process
ü
Discuss the key areas that are part of the
Project Billing process
Defining a
Contract Project
ü
Explain activities involved with creating a
contract project
ü
Define a contract project
Customers
Agreements
and Funding
ü
Discuss the use of agreements and the
relationship between agreements and
ü
projects
ü
Explain how to create a revenue budget baseline
from the Project Funding Inquiry
ü
window
ü
Define an agreement and fund a project
ü
Baseline funding for a project
ü
Define agreement types
ü
Define a project to allow the creation of a
revenuebudget baseline from the
ü
Project Funding Inquiry window
ü
Define and explain the use of agreement
templates
Generating
Revenue
ü
Explain fundamental revenue concepts
ü
Generate revenue and interface it to Oracle
GeneralLedger
Generating
Invoices
ü
Explain fundamental invoice concepts
ü
Generate an invoice and interface it to Oracle
Receivables
ü
Identify the setup in Oracle Receivable
necessary for with Oracle Project Billing
ü
Identify and perform adjustments during invoice
review
ü
Create adjustments to existing invoices and
revenue
Accounting
for Revenue and Invoices
ü
Describe the overall flow of accounting for
revenueand invoices
ü
Explain the components of AutoAccounting
ü
Identify the AutoAccounting functions used
during revenue and invoicing
ü
Explain the accounting flow of Un Billed
Receivables & Un Earned Revenue
Discuss the
Implementation Options
Explain
Various PA related Reports, Profile Optionsand Tables
Interproject
Billing
ü
Overview of Inter Project Billing
Prerequisites
ü
Thorough knowledge of Oracle Applications
Project Costing
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