You are on page 1of 1

A budget or forecast version represents a specific planning scenario created with a

financial plan type. For example, a cost budget that's based on a set of proposed
contract terms, or a cost forecast that's based on an engineering estimate.
Meanwhile in oracle we can able to perform following functions during creation of
budgets and forecasts or their versions for any particular project:
- Generate budget or forecast versions
- Copy budget or forecast amounts
- Create budget or forecast lines manually

We can also able to fine tune the minute details of any previous copied budget as
well as create a whole new budget from scratch with the help of following sub-
functions in oracle:
- Defer Financial Plan Creation
- Modify Period Information
- Modify Resource Assignments
- Refresh and Override Rates
- Modify Values for Rate-Based and Nonrate-Based Resources
- Refresh Currency Conversion Rates
- Import Financial Project Plans
- Import Project Budgets
- Import Project Forecasts

*Diff bet. Values and Segment


*Diff bet. COA structure(Combination of segments in order) and accounting
combination(Combination of values)
Segments is a part of structure in which 'value' comes under.

You might also like