PA Suites - Accounting - Billing and Costing

Project CostingPresented to

ByQamarah Aleem, Teamleader – Oracle ERP Solutions

Illuminat

Agenda

• The Projects Suite• Oracle Project Management Solution Business Flow• Oracle Project Costing – Functionality• Oracle Project Costing – Integration• Oracle Project Costing – Reporting & Query

Functionality

Oracle Projects SuiteProject

ManagementResource

Management

Collaboration Accounting:Project Billing &

Project Costing

Global Project Repository

Enterprise & Project Insight

Oracle Project Costing - Integration

Oracle Inventory

Oracle Internet Expenses

Oracle Payables

Oracle Assets

Oracle General Ledger

Oracle Time & Labor

Oracle Project Contracts

Oracle Project Manufacturing

Oracle Purchasing

Oracle Project Costing

Oracle Payroll

Oracle HR

Oracle Project Costing - Cost Capture Functionality

Enter Labour & Non-Labour Costs on Projects :Enter Costs manually Enter via Excel UploadImport Costs from other Oracle Modules e.g. Oracle Payables.Import Costs from Third Party SystemsTransfer Costs among Projects

Adjust Costs :Adjust Costs & update Oracle subledgers with adjustments

Load/Burden Costs– e.g. add on real costs of Labour such as Uniforms for Security Guards.Allocate Indirect Costs

Capture, Collect and Manage All Costs

Collect Costs

Manage Costs

Track Actual & Committed Costs

Straight Time

Overtime

Inventory

Work in Process

Expense Reports

Supplier Invoices

Burden Transactions

Usages

Misc. Transactions

Types of CostsAdjustments

Oracle Project Costing and Project Types

Indirect Capital Contract

Track overhead costs such as

Research & Development.

Track capital asset costs and

retirement adjustment asset

costs.

Track costs, revenue, and

bill customers.

Project Accounting -Functionality

• AutoAccounting: Generation of GL Accounts according to rules using Data Captured in the Project– Project– Expenditure Type– Task– Project Type

AutoAccounting RulesAutoAccounting Rules

SQL Statement ParameterConstant

Parameter Lookup Set

Parameter

Parameter

Lookup Set

Lookup Set

Lookup Set

Accounting Transactions

01-422-5050-000

Enter project-related information in Oracle

Purchasing and Oracle Payables.

The Account Generator builds

the accounts.Accounts are

generated.

Oracle Project Costing - Functionality

Transfer Costs to GL :Transfer Costs to General LedgerIntegration Tieback Capability-Reconciliation

Create Asset :Account for RWIP-Retirement Work-in-Progress e.g. Demolition of new Premises before build-outCreate Capitalized/CIP Asset in Oracle Fixed AssetsAdd Source Lines/Costs to Assets in Fixed AssetsAdjust Asset information in Oracle Project Costing after transfer to Oracle Fixed Asset

Budgetary Control :Enforce budgetary controls for project-related expense commitment

transactions.Integrate with Oracle General Ledger

Oracle Project Costing – Reports & Inquiries

Project Costing – Online Inquiries

• Project Status Inquiry (PSI)• Percentage Complete by Task• Project Task Inquiry• Expenditure Inquiry• Budget Inquiry

Project Costing – Reports• Management Reports

– Capital project Summary Report

– Project Asset Details Report– Task- Revenue, Cost,

Budgets by Resources• Audit reports

– Project Configuration– Project Sub ledger-Detail by

Expenditure Type/Project– Supplier Invoice Audit

Report• Tieback Reports (Reconciliation)

Release 12-Projects New Functionality

• MOAC Enabled-Multi Org Access Control for expenditure entry, expenditure inquiry, and transaction processing.

• Integration with Subledger Accounting -Oracle Project Costing honors both the accounting rules defined in AutoAccounting and the accounting rules defined in Oracle Subledger Accounting

• Subcontractor Payment Management- The commitment and cost reporting processes in Oracle Project Costing have been enhanced to support complex procurement scenarios e.g. retention, advances, and finance payments.

Thank You