Oracle Fusion Cloud Project Mgmt Cloud: Proj Fin Mgmt Impl Ed 5

Overview of Project Financial Management

• Course Objectives
• Project Financial Management Functional Setup Course Agenda
• Course Objectives
• Lesson Objectives
• Enterprise Project Management Applications that Work as One
• Improved Profitability with Project Financials
• Define Enterprise Structures for Project Financial Management Overview
• Enterprise Structure Analysis
• Lesson Summary

Configuring Rapid Implementation

• Objectives
• Project Financial Management Rapid Implementation Overview
• Define Project Financial Management Configuration for Rapid Implementation
• Setup Tasks
• Rapid Implementation Features
• Download the Rapid Implementation Worksheet
• Use the Rapid Implementation Process
• Practice
• Summary

Defining Subledger Accounting Rules for Project Financial Management

• Objectives
• Define Subledger Accounting Rules for Project Financial Management: Setup Tasks
• and Task Lists
• Subledger Accounting Overview
• Using Subledger Accounting with Project Financial Management
• Additional Sources for Project Cost and Revenue Accounting
• Additional Accounting Sources for Creating Project Contract
• Revenue Accounting
• Additional Bill-to Site Sources
• Journal Entry Components
• Account Derivation Example
• Default Account
• Company Segment
• Cost Center Segment
• Natural Account Segment
• Product Segment
• Journal Entry Rule Set
• Manage Subledger Accounting Options
• Transaction Account Builder
• Imported Accounts
• Create Accounting Options
• Accounting for Burden Transactions
• Create Accounting Online
• Create Accounting in Batches
• View Accounting
• Summary

Defining Project Financial Management Organizations

• Objectives
• Define Organization Setup for Project Financial Management: Setup Task Lists
• Business Units Overview
• Define Business Units for Project Financial Management – Vision
• Corporation Example
• Business Functions Overview
• Business Unit Hierarchy Example
• Business Unit Security
• Practice
• Project Units
• Project Unit and Business Unit Associations
• Project Unit Associated with Two Business Unit
• Vision Corporation Business Unit and Project Unit Associations
• Practice
• Manage Organization Hierarchies and Classifications
• Project Expenditure and Project and Task Owning Organizations
• Vision Corporation Project Organization Structure
• Project Organization Classifications
• Set Up and Manage Project Organizations Using a Guided Flow
• Quickly Configure Business Units for Projects
• Maintain Project Organizations
• Project Organization Classification Security
• Practice
• Define Reference Data Sharing
• Reference Data Partitions
• Set Assignments for Expenditure Types
• Reference Groups
• Determinant Types
• Reference Data Set Assignment
• Summary

Defining Project Foundation Configuration

• Objectives
• Define Project Foundation Configuration: Setup Tasks and Task Lists
• Creating Financial Projects from Templates
• Copying Financial Projects
• Manage Project Foundation Descriptive Flexfields
• Define Project Calendars and Periods
• Set Common or Separate Accounting Periods and Project Accounting Periods
• Importing and Updating Project Progress with a File-Based Data Loader
• Update Projects Attributes by using Project Import Template
• Update Task Details by Using Project Tasks Import Template
• Updatable Projects Attributes using FBDI Template
• Practice
• Manage Revenue Categories
• Manage Expenditure Categories
• Define Expenditure Types
• Expenditure Type Classes
• Practice
• Project Class Category
• Project Class Categories Example
• Practice
• Manage Service Types
• Work Types
• Managing Project Roles
• Adding Persons Without HCM Assignments as Project Team Members
• Defining Project Resources
• Job Mappings
• Manage Job Sets
• Resource Classes
• Resource Class Attributes
• Nonlabor Resources
• Nonlabor Resource Attributes
• Defining Rate Schedules and Costing Rules
• Rates for Persons Without Active Assignments
• Using Project Rate Schedule Security
• Generate Invoice and Revenue with Rates Defined for Project and Task
• Calculate Cost Based on Rates Defined for Project and Task
• Practice
• Defining Project Resource Breakdown Structure
• Manage Planning and Billing Resource Breakdown Structure
• Planning Resource Breakdown Structures
• Adding Planning and Reporting Using a Subset of Resource Classes
• Planning Resource Breakdown Structure Updates for a Project
• Inventory Item: Expenditure Type Resource Format Available in Planning Resource
• Breakdown Structures
• Adding Inventory Item: Expenditure Type Resources
• Practice
• Define Burdening
• Simple Burden Cost Calculation
• Storing Burden Costs
• Burden Cost Bases
• Burden Cost Codes
• Burden Structures
• Additive Burden Structures
• Precedence Burden Structures
• Burden Schedules
• Burden Multipliers
• Enable Burdening on Project Status Controls
• Manage Project Statuses
• Project Type Burdening Options
• Project Types
• Practice
• Flexibly Set Up Automatic Numbering for Projects
• Integrating Project Financial Management with Microsoft Project
• Synchronization Rules
• Microsoft Project Integration Options for Synchronizing Cost and Rates, Tasks,
• and Resources
• Import Resources and Rates
• Import Actual Amounts and Export Progress
• Define Action Controls
• Practice
• Using Application Composer for Project Financial Management
• Auditing Rate Schedules and Rates
• Transaction Analysis for Project Planning Resource Assignments Report
• Extending the Manage Project Financial Settings Page with Parameters
• Personalizing the Project Currency Field Example
• Summary

Defining Project Control Configuration

• Objectives
• Define Project Control Configuration Overview
• Define Project Control Configuration: Setup Tasks
• Manage Period Profiles
• Current Period
• Manage Spread Curves
• Spread Points and Distribution Factors
• Manage Project Plan Types Overview
• Setup Options for Project Plan Types
• Plan Settings
• Using Standard Date-Effective Resource Rates for Planning Costs
• Calculating Date-Effective Rate Planning Costs
• Date-Effective Resource Rates for Planning Costs Using Actual Rates
• Task Settings
• Checking Project Transaction Dates in Feeder Systems While Changing Project
• Task Dates
• Public Business Events Available in Project Financial Management
• Currency Settings
• Rate Settings
• Precedence Order for Cost or Bill Rates
• Plan for Nonlabor Resources as Equipment with Different UOMs
• Progress Settings
• Budget Generation Options
• Manage Financial Plan Types
• Using the Manage Budget Versions Interface
• Track Financial Plan Version Approval Status
• Maintain a Single Source of Truth for Project Team Members and
• Labor Resources
• Plan Class
• Planning Amounts
• Forecast Setup
• Budget Options
• Planning Options
• Plan Settings
• Maintaining User Spread When Changing Plan or Forecast Line Dates
• Currency Settings
• Using a Single Currency for Multi-Currency Financial Plan Types
• Rate Setting Options
• Precedence Order for Cost or Bill Rates
• Budgetary Control Settings
• Generation Options for Budgets
• Generation Options for Forecasts
• Retain Spread Across Period from Source While Generating Forecast Versions from
• Existing Plan Versions
• Reporting Options
• View Project Budgets and Forecasts at the Resource Level
• Edit Forecast and Budget Version Pages
• Budget or Forecast Refresh from Source Version
• Rates Refresh for Multiple Financial Project Plans, Budgets, and Forecasts
• Integration with Budgetary Control
• Control Budget Date Updates for Budgetary Control Enabled Projects
• Financial Plan Type Configuration with Budgetary Control
• Practice
• Importing Project Budgets with a File-Based Data Loader
• Update Budgets and Forecasts by using Project Budgets Import Template
• Practice
• Organizational Planning and Budgeting Unified with the Execution of Projects
• Attributes for Identifying Projects Imported from EPM Planning
• Summary

Defining Project Costing Configuration

• Objectives
• Oracle Project Costing Overview
• Define Project Costing Configuration: Setup Tasks and Task Lists
• Define General Costing Setup
• Manage Transaction Sources
• Editing Unprocessed Project Costs for Third-Party Transaction Sources
• Accounted Cost Import When Project Periods Are Closed
• Project Cost Transactions for Persons with Inactive or Suspended
• HR Assignments
• Derive Billable Status of Expenditure Items
• Define Work Type for Project Expenditure Items
• Specify Number of Parallel Import Costs Processes
• Specify Allocation Method for Zero-Basis Amounts
• Manage Project Standard Cost Collection Flexfield
• Manage Project Cost Collection Flexfield
• Manage Context Sensitive Segments
• Practice
• Change Project Attributes on an Open Purchase Order
• Conditionally Override Expenditure Item Date of Matched Supplier Invoices
• Define Capital Projects
• Manage Standard Unit Costs
• Update Proceeds of Sale Indicator on Expenditure Type
• Update Capitalization Options on Project Types
• Editable Capitalization Options for Project Types
• Asset Line Grouping Configuration

Update Capitalization Options on Project Types for Supplier Invoice and Capitalized

• Interest Rate
• Enable Asset Capitalization on Project Status Controls
• Configure Capital Business Unit Options
• Define Capitalized Interest
• Define Capitalized Interest Rate
• Define Capitalized Interest Rate Schedule
• Allow Capitalized Interest Generation on Project Status Controls
• Set Default Capitalized Interest Rate Schedule on Project Types
• Practice
• Define Borrowed and Lent Accounting
• Define Borrowed and Lent Accounting: Within a Business Unit
• Define Borrowed and Lent Accounting: Between Business Units
• Creating Transfer Price Rules
• Transfer Price Determination Logic for Raw Cost
• Transfer Price Determination Logic for Burdened Cost and External
• Recognized Revenue
• Perform Budgetary Control and Encumbrance Accounting
• Perform Budgetary Control
• Review Funds Reservation
• Perform Encumbrance Accounting on Burden Cost
• Adding Project Approved Budgetary Controlled Requisition to Open
• Purchase Order
• Define Project Cost Allocations
• Allocation Rule Components
• Allocation Sources
• Allocation Targets
• Allocation Basis
• Allocation Rule Components: Example
• Generating Allocations for Groups of Rules
• Creating Allocations
• Project Burden Cost Grouping Configuration
• Separate Line Burden Transaction Reconciliation When Grouping by
• Transaction Number
• Capturing Project Costs
• Viewing Commitments for Project Managers
• Import Costs Process
• Capturing Project Costs from Other Oracle Applications
• Capturing Project Costs from Payables
• Capturing Project Costs from Expenses
• Capturing Project Costs from Oracle Time and Labor
• Capturing Project Costs from Time and Labor Time Cards
• Reversing Project Cost Transaction After Person Assignment Changes
• Validating Costs Captured from Time and Labor
• Validating Only New or Changed Project Costing Entries from Resubmitted
• Time Cards
• Practice
• Capturing Project Costs from Order Management
• Project Sales Orders Fulfillment with Back to Back Supply
• Reviewing Back-to-Back Supply Costs for Sales Order
• Reviewing Expenditure Item Detail
• Capturing Project Costs from Inventory Management Internal
• Material Transfers
• Capturing Project Costs from Supply Chain Manufacturing and
• Materials Management
• Tracking Project Material Return Authorizations
• Capturing Project Costs from Supply Chain Maintenance
• Integrate Project Costing with External Financial Applications
• Exporting Project Costing Transaction to External Financial Applications
• Summary

Defining Labor Distribution

• Objectives
• Overview of Labor Distribution
• Labor Distribution Roles
• Using Labor Distribution Pages
• Individual Labor Schedules
• Labor Schedules for Person Assignment and Payroll Element
• Using Pay Element Level Labor Schedules
• File-Based Data Interface (FBDI) for Labor Distribution
• Changing Labor Schedule Version Date
• Importing Oracle Payroll Cost Distributions to Projects Using Labor Schedules
• Payroll Cost Distribution to Projects Using Payroll Costing Configuration
• Payroll Cost Distribution to Projects Using Time Cards
• Managing Labor Costs
• Removing Payroll Cost Distribution Error
• Mass Adjustment and Deletion of Distributed Payroll Cost
• Summary

Defining Project Billing Configuration

• Objectives
• Overview of Oracle Project Billing
• Implementation Decisions
• Contract and Project Integration
• Allowing Updates to Associated Projects with Billing Transactions
• Define Enterprise Contracts Configuration: Setup Tasks and Task Lists
• Project and Contract Functions
• Project and Contract Data
• Manage Contract Layout Templates
• Define Project Contract Roles
• Manage Contract Role Sources
• Define Contact Roles for Contracts
• Manage Contract Line Types
• Manage Contract Types
• Creating Contract Types
• Create a Contract
• Contract Validation
• Manage Billing Controls
• Specify Customer Contract Management Business Function Properties
• Manage Project Billing Options
• Project Billing Options for Customer and Internal Billing
• Redwood User Experience for Managing Unbilled Transactions
• Automatic Bill Transaction Creation on Cost Import
• Automatic Bill Transaction Creation on Billing Event Creation
• Managing Unbilled Transactions – Change Status
• Define Project Billing Configuration: Setup Tasks and Task Lists
• Define Project Billing Configuration: Setup Tasks and Task Lists Cont…
• Manage Project Billing Descriptive Flexfields
• Billing Indicator on Project Types
• Billing Indicator on Work Types
• Manage Event Types
• Optionally Require a Project on Billing Events
• Manage Billing Cycles
• User-Specified Billing Cycle
• Manage Invoice Formats
• Creation of Nonlabor Project Contract Invoice Lines by Person
• Manage Invoice Templates
• Manage Revenue Methods
• Revenue Method Calculation Example
• Define Advanced Revenue Methods
• Using Accounting Date Filter for Inception to Date Actual
• Predict Loss on Fixed Price Contracts using Billing Events: Part One
• Predict Loss on Fixed Price Contracts using Billing Events: Part Two
• Record Cost Accrual Using Billing Events
• Recognize Advanced Fixed Price Revenue using Billing Events
• Creating and Calculating Invoice Billing Events with Project
• Process Configurator
• Valid Method Classification Combinations
• Manage Invoice Methods
• Invoice Method Calculation Example
• Using the Generate Invoices Process
• Viewing Receivables Invoices on the Manage Project Invoices Page
• Invoice Credit Actions
• Enable Review and Approval of Credit Memos
• Utilizing Net Credits
• Generate Invoices for Each Project
• Create Project Contract Invoice Accounting Using Project Attributes
• Deriving Accounting Date with Receivables
• Set the Delete Invoices Default for the Generate Invoices Process
• Edit Receivables Number of Transfer Rejected Invoices
• Overriding Ship-To Information for Invoices Rejected During Transfer
• Editing Ship-To Account and Site on Invoice Line
• Grouping of Invoices by Bill-To Site and Bill-To Contact
• Revenue Adjustments Driven From Invoice Changes for an As Billed
• Revenue Plan
• Flexible Billing Event Adjustment Processing
• Advanced Item Billing Using Billing Events
• Creating Item-Based Events
• Creating Item-Based Project Contract Invoices
• Enabling Item-Based Billing
• Editing Events on Deleted Invoices
• Billing Events with No Project Data Available in Invoice and Revenue OTBI
• Subject Areas
• Updating Invoice Comment on Manage Project Invoices Page
• Milestone Billing and Revenue Recognition
• Milestone Billing and Revenue Recognition Flow
• Milestone Status Change Comments and History View in the Financial
• Project Plan
• Advanced Milestone Billing and Revenue Recognition
• Milestone Dimension in OTBI Subject Areas
• Project Contract Prepayment Billing – Feature Overview and Setups
• Project Contract Prepayment Billing – Prepayment Invoicing Flow
• Project Contract Prepayment Billing – Prepayment Invoicing Credit Flow
• Prepayment Transaction Type on Project Contract
• Advanced Project Contract Prepayment Billing
• Practice
• Choose Accounting Model for External Project Contracts
• Performance Obligation Accrual
• Perform Project Contract Revenue Accounting in Revenue Management
• Integrating with Revenue Management
• Configure Integration with Revenue Management
• Automatic Adjustment of Total Satisfaction Percentage in Revenue Management for
• a Contract Line Amount Amendment
• Manage Billing Offset Balances
• Manage Billing Offset Balances: Fixed Price Invoice and Revenue
• Accounting Example
• Manage Billing Offset Balances: Confirm Contract Line is Ready to Close
• Manage Billing Offset Balances: Create Accounting Transaction
• Manage Billing Offset Balances: Reclassify Billing Offset Balances
• Overview of Cross-Charge and Internal Billing
• Cross-Charge Methods: Borrowed and Lent
• Cross-Charge Methods: Intercompany Billing
• Cross-Charge Methods: Interproject Billing
• Setup Steps for Intercompany Billing
• Example: Intercompany Customer and Supplier Assignments
• Setup Steps for Intercompany and Interproject Billing
• Support Coexistence Between Oracle Project Billing and
• External Applications
• Integration with Financial Applications: Important Points
• Summary

Defining Project Performance Reporting Configuration

• Objectives
• Define Project Performance Reporting Configuration: Setup Tasks and
• Task Lists
• Project Performance Reporting: Overview
• Key Performance Indicators and Performance Measures
• Performance Measures
• Performance Measure to Drive Budget and Forecast KPIs
• Creating Your Own Performance Measures
• Analyzing Key Performance Indicator Values
• Summarize Project and Contract Performance Data Using a Single
• Scheduled Process
• Define Performance Reporting Options for Project Units
• Planning Amount Allocation Basis
• Project Performance Reporting Default Values
• Practice
• Project Management Infolets
• Infolet Data Sources
• Health Infolet
• Time Cards
• Invoices Infolet
• Cost Budget Infolet
• Automatically Notifying Project Managers After KPI Generation
• Project Performance Dashboard
• Project Program Overview
• Considerations for Managing Programs
• Configuring Project Programs
• Project Program Status Summary Generation
• Add the Program Executive Update catalog Item
• Descriptive Flexfields for Program Management
• OTBI Report with Program Descriptive Flexfields
• Project Program Analysis, Insights and Action Plan Generation
• Project Performance Drill Down, Measures in Analysis Workarea
• One Click Insights Generation Using Oracle AI
• Summary

Defining Project Templates

• Objectives
• Project Templates Overview
• Manage Project Templates: Setup Task
• Define Template Creation Method
• Define Template Details
• Define Quick Entry Fields
• Define Project Options
• Define Financial Options: Part One
• Define Financial Options: Part Two
• Financial Resource Planning Directly At Task Level
• Define Reporting Options
• Practice
• Summary

Defining Approvals and Workflows

• Objectives
• Overview of Manage Approvals and Workflows
• Define Approval Management for Project Financial Management: Setup Tasks and
• Task List
• Manage Task Configurations
• Assignees Tab: Assignees Tree
• Notifications
• Configuration Prohibit Users Self Approval Section
• Workflows in Project Financial Management
• Project Status Change
• Configuring Complex Serial Project Status Change Approvals
• Adding Attachments in Project Status Change Approval Workflow
• Viewing Attachments
• Configurable Approval Notifications for Project Status Changes
• Project Status Approval History
• Invoice Approval
• Project Contract Invoice Notification Configuration
• Including Invoice Attachments in Invoice Approval Notifications
• Project Contract Invoice Approval Status Tracking
• Financial Plan Version Approval (Budget and Forecast)
• Configurable Approval Notifications and Plan Types for Financial
• Plan Versions
• Expenditure Item Adjustment
• Project Expenditure Batch Approval
• Adding Attachments in Project Expenditure Batch Approval Workflow
• Viewing Attachments
• Displaying Approved Expenditure Batches
• Navigating from Processed Expenditure Batches to Project Costs
• Project Cost Adjustment Approval Workflow
• Validating Project Cost Adjustments Before Initiating Approval Workflow
• Using Parallel Participant for Project Cost the Adjustment Approval Workflow
• Configurable Approval Notifications for Adjustments to Project
• Cost Transactions
• Show Approve and Reject Options in Notifications
• Workflow Transaction Console
• Approvals Work Area
• Summary

Reporting and Period Close in Project Financial Management

• Objectives
• Oracle Transactional Business Intelligence Overview
• Predefined Metrics and Sample Reports
• Using Subject Areas
• Project Financial Management Subject Areas
• PFM Subject Areas
• Project Billing – Bill Transactions Real Time Subject Area
• Financial Project Progress Reporting for Resources in OTBI
• Project Notes in Project-Related OTBI Subject Areas
• Project Progress Notes in Project Control – Progress Real Time Subject Area
• in OTBI
• Notes in Project Billing – Invoices Real Time in OTBI
• Setting Currency Preference
• Analyses Tools
• Predefined and Modified Analyses
• Creating Analyses
• Drilling Down to Expenditure Items From Real-Time Analysis
• Project Program Analysis, Insights and Action Plan Generation
• Enable Deep Linking
• Using Project and Task Transaction Controls in OTBI
• Smart View Overview
• Oracle Smart View for Microsoft Office
• Practice
• Dashboards
• Predefined Dashboards
• Define Custom Infolets
• Accounting Period and Project Accounting Period Closing
• Accounting Period Close Exceptions Dashboard
• Sweep Transaction Accounting Events
• Summary