Oracle EBS Project Costing

1. •Oracle Project Costing
Prepared By: Munir Ahmad
Oracle EBS Application Consultant

2. • 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

3. • 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

4. •Integration with other modules
•Oracle Project Costing
imports data from these
Application
•Oracle Purchasing
•Oracle Time & Labor
•Oracle Payables
•Oracle Project Manufacturing
•Oracle Asset Tracking
•Oracle Internet Exp
•Oracle iProcurement
•Oracle Project
Costing
•Oracle General Ledger
•Oracle Assets
•Oracle Project Costing
sends data to these
Application

6. •Project Classes
•Collect costs for all project classes for example,
•Indirect •Capital •Contract
•Track
Overheads
Cost Such as
Research and
Development
•Track capital
assets costs
and retirement
adjustment
asset costs
•Track costs,
revenue, and
bill customer

7. •Project Costing Process Flow
•Enter and Approve Expenditure •Import Transactions
•PRC: Distribute Labor Cost ( Distribute cost concurrent)
•Journal Import
•(Oracle General Ledger)
•PRC: Transfer Journal Entries to GL (Optional)
•PRC: Create Accounting
•PRC: Generate Cost Accounting Events

8. •Overview of project and Task
•Project
•Task 1
•Task 1.1.1
•Task 1.2•Task 1.1
•Task 2.2.2•Task 2.2.1
•Task 2.2•Task 2.1
•Task 2
•A Project is a primary unit of work that
can be broken down into one or more
Tasks
•Work Plan Management
•The Work Plan
management
Functionality helps
project manager &
Team members deliver
project on time.
•The Financial
management
Functionality helps
financial administrators
& managers track
billing, cost , budgets,
and other financial
information for
projects
•WBS
•Top
Task
•Middle
Task
•Lowest
Task
•Financial Management

9. •Budgetary control & Budget integration
•Top Down integration budget:
•Generate encumbrance journal entries
•for project budget to reserve funds against
a GL funding budget
•Bottom up integration budget:
•Generate budget journal entries for
•Project Budget to post to an
•organizational level GL budget
•Non integrated budget with budgetary
•Controls:
•Use budgetary control features without
•sending budget accounting entries to GL
•Budgetary control
•validation
•Purchasing
•Payables
•Project
Costing
•General Ledger
•Enforce
budgetary control
against a GL
budget and
against a project
budget
•Budget
integration

10. •Project & Task Creation

11. •Budget Creation

12. •Purchase Requisition against a
Project

13. •Purchase Order Auto-Create

14. •Purchase Order Auto-Create

15. •Deriving Commitment Cost

16. •Project Status Inquiry

17. •Receipt against PO

18. •Interfacing Costs to project

19. •Project Expenditure Inquiry

20. •Pre-Approved Expenditure Entry

21. •Distributing Costs

22. •Cost Exception Report

23. •Generating Cost Accounting Events

24. •Cost Accounting Events report

25. •Create Accounting

26. •Posting in GL

27. •Thank you