Project CostingPresented to
ByQamarah 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 SuiteProject
ManagementResource
Management
Collaboration Accounting:Project Billing &
Project Costing
Global Project Repository
Enterprise & Project Insight
Oracle Project Costing - Integration
Oracle Inventory
Oracle Internet Expenses
Oracle Payables
Oracle Assets
Oracle General Ledger
Oracle Time & Labor
Oracle Project Contracts
Oracle Project Manufacturing
Oracle Purchasing
Oracle Project Costing
Oracle Payroll
Oracle HR
Oracle Project Costing - Cost Capture Functionality
Enter Labour & Non-Labour Costs on Projects :Enter Costs manually Enter via Excel UploadImport Costs from other Oracle Modules e.g. Oracle Payables.Import Costs from Third Party SystemsTransfer 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
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 CostsAdjustments
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 RulesAutoAccounting Rules
SQL Statement ParameterConstant
Parameter Lookup Set
Parameter
Parameter
Lookup Set
Lookup Set
Lookup Set
Accounting Transactions
01-422-5050-000
Enter project-related information in Oracle
Purchasing and Oracle Payables.
The Account Generator builds
the accounts.Accounts are
generated.
Oracle Project Costing - Functionality
Transfer Costs to GL :Transfer Costs to General LedgerIntegration Tieback Capability-Reconciliation
Create Asset :Account for RWIP-Retirement Work-in-Progress e.g. Demolition of new Premises before build-outCreate Capitalized/CIP Asset in Oracle Fixed AssetsAdd Source Lines/Costs to Assets in Fixed AssetsAdjust 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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