•Oracle Project Costing

Prepared By: Munir Ahmad

Oracle EBS Application Consultant
• Agenda

Oracle Project Costing Overview

Integration with other modules
Project Classes
Project Costing Process Flow
Collect and Manage Costs
Project Costing Pre-requisites
Projects & Task Overview
Burden Schedules for costing
Budgetary control & Budget integration
Project & Task Creation
Costed & Uncosted Transaction Flow
• Oracle Project Costing
Overview:
•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
•
Detailed cost information to monitor project performance

Can track and account for the total costs of running business
•Integration with other modules
•Oracle Project Costing
imports data from these
Application
•Oracle Project Costing
•Oracle Purchasing sends data to these
Application
•Oracle Payables

•Oracle Time & Labor •Oracle Assets

•Oracle Project Manufacturing

•Oracle General Ledger
•Oracle Asset Tracking
•Oracle Project
•Oracle Internet Exp Costing

•Oracle iProcurement
•Project Classes

•Collect costs for all project classes for example,

•Indirect •Capital •Contract

•Track •Track capital

Overheads assets costs •Track costs,
Cost Such as and retirement revenue, and
Research and adjustment bill customer
Development asset costs
•Project Costing Process Flow

•Enter and Approve Expenditure •Import Transactions

•PRC: Distribute Labor Cost ( Distribute cost concurrent)

•PRC: Generate Cost Accounting Events

•PRC: Create Accounting

•PRC: Transfer Journal Entries to GL (Optional)

•Journal Import
•(Oracle General Ledger)
 •Overview of project and Task

•Project •WBS

•Top •Work Plan Management

•Task 1 •Task 2
Task •The Work Plan
•Middle management
Task Functionality helps
project manager &
•Task 1.1 •Task 1.2 •Task 2.1 •Task 2.2
Team members deliver
project on time.

•Task 1.1.1 •Financial Management

•Task 2.2.1 •Task 2.2.2 •The Financial
management
•Lowest •A Project is a primary unit of work that Functionality helps
Task can be broken down into one or more financial administrators
Tasks & managers track
billing, cost , budgets,
and other financial
information for
projects
 •Budgetary control & Budget integration
•Budget
integration
•Budgetary control •Top Down integration budget:
•Generate encumbrance journal entries
•for project budget to reserve funds against
•validation a GL funding budget

•Project •Bottom up integration budget:

•Purchasing •Generate budget journal entries for
•Enforce Costing
budgetary control •Project Budget to post to an
•organizational level GL budget
against a GL
budget and
against a project •Non integrated budget with budgetary
•Controls:
budget •Use budgetary control features without
•Payables •General Ledger •sending budget accounting entries to GL
•Project & Task Creation
•Budget Creation
•Purchase Requisition against a
Project
•Purchase Order Auto-Create
•Purchase Order Auto-Create
•Deriving Commitment Cost
•Project Status Inquiry
•Receipt against PO
•Interfacing Costs to project
•Project Expenditure Inquiry
•Pre-Approved Expenditure Entry
•Distributing Costs
•Cost Exception Report
•Generating Cost Accounting Events
•Cost Accounting Events report
•Create Accounting
•Posting in GL
•Thank you