Oracle Fusion Cloud Project Management: Project Costing Essentials

Project Costing Essentials Overview

• Course Objectives
• Lesson Objectives
• Course Schedule
• Enterprise Project Management Applications That Work as One
• Define Enterprise Structures for Project Financial Management and
• Costing Overview
• Enterprise Structure Analysis
• Oracle Project Costing: Overview
• Project Costing: Key Features
• Summary

Common Applications Configuration for Project Costing Organizations

• Objectives
• Common Applications Configuration for Project Management
• Enterprise Structures Overview
• Legal Entities Defined
• Legal Entity, Ledgers, and Balancing Segment Values
• Legal Addresses, Jurisdictions and Authorities: Overview
• Manage Legal Reporting Units
• Financial Reporting Structures Overview
• Chart of Accounts Components
• Assigning Segment Labels
• Accounting Calendar Overview
• Manage Currencies Overview
• Ledgers Overview
• Ledgers Structure
• Sharing Common Applications Configurations
• Geographies Overview
• Practice Overview: Creating a Legal Entity
• Business Units Overview
• Define Business Units for Project Financial Management – Vision
• Corporation Example
• Business Functions Overview
• Business Unit Hierarchy Example
• Business Unit Security
• Practice Overview: Creating a Business Unit
• Project Units
• Practice Overview: Creating a Project Unit
• Project Unit and Business Unit Associations
• Project Unit Associated with Two Business Units
• Vision Corporation Business Unit and Project Unit Associations
• Practice Overview: Creating a Project Organization
• Manage Organization Hierarchies and Classifications
• Project Expenditure and Project and Task Owning Organizations
• Project Organization Classifications
• Demonstration: Overview: Selecting the Organization Hierarchy Type
• and Classifications
• Practice Overview: Classifying an Organization to Own Projects
• and Tasks or Incur Costs on a Project
• Vision Corporation Project Organization Structure
• Define Reference Data Sharing
• Reference Data Partitions
• Set Assignments for Expenditure Types
• Reference Groups
• Determinant Types
• Reference Data Set Assignment
• Maintain Project Organizations
• Project Organization Classification Security
• Practice Overview: Selecting Organization Hierarchies for the Business Unit
• Practice Overview: Verifying the Project Organization Configuration
• Summary

Managing Project Rate Schedules

• Objectives
• Overview
• Create and Update Project Rate Schedules
• Job Rate Schedules
• Person Rate Schedules
• Nonlabor Rate Schedules
• Auditing Rate Schedules and Rates
• Resource Class Rate Schedules
• Practice: Using Project Rate Schedule FBDI and Reviewing Rate Schedules
• Summary

Capturing Project Costs

• Objectives
• Overview Capture Project Costs
• Transaction Integration: Import Costs
• Transaction Import Methods
• Transaction Sources and Types
• Editing Unprocessed Project Costs for Third-Party Transaction Sources
• Accounted Cost Import When Project Periods Are Closed
• Practice Overview: Creating a Project and Budget
• Project Costing and Time and Labor Integration
• Projects Time Card Adjustments
• Reversing Project Cost Transaction After Person Assignment Changes
• Project Cost Transactions for Persons with Inactive or Suspended HR
• Assignments
• Practice Overview: Manually Creating Labor Expenditures
• Practice: Creating Labor and Nonlabor Expenditure Items and
• Payables Supplies
• Inventory Cost Capture Methods
• 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
• OTBI Subject Areas
• External Commitment Transactions
• Manage Unprocessed Costs
• Practice Overview: Managing Unprocessed Costs
• Manage Unreleased Costs
• Project Expenditure Batch Approval
• Summary

Processing Project Cost Transactions

• Objectives
• Overview
• Import Costs Process
• Transaction Analysis for Project Planning Resource Assignments Report
• Using Project Cost Transaction Errors in OTBI
• Using Project and Task Transaction Controls in OTBI
• Unprocessed Cost Drill Down from OTBI
• Transaction Processing
• Navigating from Processed Expenditure Batches to Project Costs
• Project Cost Validation Methods
• Transaction Controls
• Expenditure Item Chargeable Status
• Example Validation Check for Uncosted Labor Transactions
• Conditionally Override Expenditure Item Date of Matched Supplier Invoices
• Billable and Capitalizable Statuses
• Define Borrowed and Lent Accounting
• Define Borrowed and Lent Accounting: Within a Business Unit
• Define Borrowed and Lent Accounting: Between Business Units
• Practice Overview: Importing Project Costs
• Summary

Distributing Overhead Costs to Projects

• Objectives
• Define Burdening
• Simple Burden Cost Calculation
• Practice Overview: Reviewing a Burden Schedule
• Storing Burden Costs
• Burden Cost Bases
• Burden Cost Codes
• Practice Overview: Creating a Burden Cost Code
• Burden Structures
• Additive Burden Structures
• Precedence Burden Structures
• Practice Overview: Creating a Burden Structure
• Burden Schedules
• Burden Multipliers
• Project Burden Cost Grouping Configuration
• Practice Overview: Creating a Burden Schedule
• Enable Burdening on Project Status Controls
• Project Type Burdening Options
• Project Types
• Practice Overview: Creating a Project Type
• Generate Burden Costs
• Recalculate Burden Costs
• Practice Overview: Recalculating Burden Costs
• Test Burden Cost Calculations
• Practice Overview: Testing Burden Cost Calculations
• Summary
• 7 Reviewing and Adjusting Costs
• Objectives
• Overview
• Manage Unprocessed Transactions
• Manage Project Costs
• Transfer Expenditure Items
• Transfer Example
• Practice Overview: Transferring an Expenditure Item
• Split Expenditure Items
• Split Example
• Practice Overview: Splitting an Expenditure Item
• Split and Transfer Expenditure Items
• Practice Overview: Splitting and Transferring an Expenditure Item
• Reverse Expenditure Items
• Additional Cost Adjustment Types
• Practice Overview: Recalculating Raw and Burdened Costs
• Mass Adjustments
• Practice Overview: Creating a Mass Adjustment
• Validating and Processing Cost Adjustments
• Manage Commitments
• Viewing Commitments
• Manage Cost Distributions
• Summary

Recording Accounting for Project Transactions

• Objectives
• Overview of the Accounting Flow for Oracle Project Costing
• Create Accounting
• View Accounting
• Create Accounting in External Applications
• Post Journal Entries to General Ledger
• Practice Overview: Submitting Create Accounting in Final/Post
• and Reviewing Journal Entries
• Accounting for Burden Costs by Burden Cost Code: Labor, Payroll,
• and Fringe Accounting Transactions
• Accounting for Burden Costs by Burden Cost Code: Overhead and
• Administrative Accounting Transactions
• Accounting for Burden Costs
• Encumbrance Accounting for Burden Costs: Burdened, Burden, and
• Cost Clearing Accounting Transactions
• Encumbrance Accounting for Burden Costs: Reserved for Encumbrance
• and PO Obligation Accounting Transactions
• Accounting for Burdened Costs
• Accounting for Burden and Burdened Costs: Labor and Burden Transactions
• Accounting for Burden and Burdened Costs: Burdened Transactions
• Accounting Period and Project Accounting Period Closing
• Sweep Transaction Accounting Events
• Practice Overview: Submitting the Account Analysis Report
• Summary

Allocating Project Costs

• Objectives
• Overview
• Allocation Terminology
• Differences Between Allocation and Burdening
• Allocation Rules
• Basis Methods
• Spread Evenly Basis Method
• Target Percentage and Spread Evenly Basis Method
• Prorate Basis Method
• Target Percentage and Prorate Basis Method
• Allocation Rule Definition
• Source Definition
• Target Definition
• Offset Definition
• Prorate Basis Definition
• Duplicate Allocation Rules
• Deleting or Modifying Allocation Rules
• Allocating Costs
• Creating Allocations
• Generating Allocations for Groups of Rules
• Allocation Statuses
• Practice Overview: Creating Allocation Rules and Generating Allocations
• Deleting Allocations
• Releasing Allocations
• Reversing Allocation Runs
• Summary
• 10 Recording Capital Asset Costs
• Objectives
• Overview
• Update Capitalization Options on Project Types
• Using Project Process Configurator for Asset Line Grouping
• Update Capitalization Options on Project Types for Supplier Invoice
• and Capitalized Interest Rate
• Capital Projects Flow with Procurement and Payables
• CIP Assets and Projects
• Tracking CIP Assets in Projects
• Creating Mass Additions from Projects
• Asset Management in Project Costing
• Manage Project Assets Using File10-Based Data Import
• Asset Grouping Levels
• Specifying an Actual Date in Service or a Retirement Date
• Capital Events
• Generating Asset Lines
• Assigning Asset Lines
• Integrating Projects with Assets
• Practice Overview: Creating, Transferring, and Posting Project Assets
• Adjusting Capital Project Costs
• Reversing Capitalization of Assets
• Abandoning a Capital Asset in Project Costing
• Associating Existing Assets to Project Assets
• Mass Split of Project Asset Lines
• Capital Project Automatic Asset Generation for Expense and
• Inventory Destination Costs
• Steps to Enable
• Tips And Considerations Cont…
• Practice Overview: Updating Your Asset and Creating Accounting in
• Oracle Projects
• Summary

Using 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
• Changing Labor Schedule Version Date
• Importing Oracle Payroll Cost Distributions to Projects Using
• Labor Schedules
• File-Based Data Interface (FBDI) for Labor Distribution
• Descriptive Flexfields for Project Labor Schedule Distribution Rules
• Managing Labor Costs
• Payroll Cost Distribution to Projects Using Payroll Costing Configuration
• Payroll Cost Distribution to Projects Using Time Cards
• Payroll Cost Distribution to Projects Using Time Cards Cont..
• Removing Payroll Cost Distribution Error
• Mass Adjustment and Deletion of Distributed Payroll Cost
• Payroll Costs Deletion Control And Payroll Costs Redistribution Control
• Summary
• 12 Reporting and OTBI in Project Costing
• Objectives
• Oracle Transactional Business Intelligence Overview
• Predefined Metrics and Sample Reports
• Using Subject Areas
• Project Financial Management Subject Areas
• PFM Subject Areas
• Setting Currency Preference
• Analyses Tools
• Predefined and Modified Analyses
• Creating Analyses
• Drilling Down to Expenditure Items from Real12-Time Analysis
• Enable Deep Linking
• Smart View Overview
• Oracle Smart View for Microsoft Office
• Practice Overview: Creating an Ad Hoc Analysis in Smart View
• Dashboards
• Predefined Dashboards
• Define Custom Infolets
• Summary

Asset Capitalized Interest

• Objectives
• Overview of Capitalized Interest
• Create Capital Projects for Capitalized Interest
• Generate Capitalized Interest Expenditure Batches
• Review Capitalized Interest Expenditure Batches
• Capitalized Interest Rates
• Manage Capitalized Interest Rates
• Defining Capitalized Interest Rate Schedules
• Summary