01

Overview of Oracle Project Costing

Copyright 2010, Oracle. All rights reserved.

Objectives
After completing this lesson, you should be able to do the
following:
Discuss the key areas that are part of Oracle Project
Costing

1-2

Copyright 2010, Oracle. All rights reserved.

Agenda

1-3

Oracle Project Costing and the Oracle Enterprise Project

Management Solution
Oracle Project Costing Overview

Copyright 2010, Oracle. All rights reserved.

Oracle Enterprise Project Management Solution

Project
Initiatives
Sales
Delivery

Portfolio Analysis

Financials
Project
Management

Research &
Development

Product
Development
Marketing

1-4

Resource
Management

Collaboration

HR
Supply Chain

Global
Project
Repository

Construction
Information
Technology

Enterprise
Integration

Sales
Accounting and
Operations

Enterprise and Insight

Asset
Management
Time &
Expense
Documents

Personalized Role-Based Views

Copyright 2010, Oracle. All rights reserved.

Oracle Project Costing and Integration

Oracle Project Costing imports
data from these applications:
Collect project-related costs
Oracle Asset Tracking
Oracle Internet Expenses
Oracle Inventory
Oracle iProcurement
Oracle Payables
Oracle Project
Manufacturing

Oracle Project
Costing

Oracle Purchasing
Oracle Time & Labor

1-5

Copyright 2010, Oracle. All rights reserved.

Oracle Project Costing and Integration

Oracle Project Costing sends
data to these applications:
Interface assets and
asset lines
Oracle Assets

Oracle Project
Costing

Create accounting for

project costs
Oracle General Ledger
Oracle Subledger
Accounting

1-6

Copyright 2010, Oracle. All rights reserved.

Agenda

1-7

Oracle Project Costing and the Oracle Enterprise Project

Management Solution
Oracle Project Costing Overview

Copyright 2010, Oracle. All rights reserved.

Oracle Project Costing and Project Classes

Collect costs for all project classes:

1-8

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.

Copyright 2010, Oracle. All rights reserved.

Overview of Resources In Oracle Projects

Participate as team
members
Oracle Project
Collaboration

Staff resources on
projects
Oracle Project
Resource
Management

Collect labor costs

Oracle Project
Management

Bill labor hours

Oracle Project
Billing

Oracle Project
Costing

Shared Resource Pool

Oracle Project Foundation

1-9

Budget labor costs

Copyright 2010, Oracle. All rights reserved.

Costing Flow
Enter and approve expenditures

Import transactions

PRC: Distribute Labor Costs

PRC: Generate Cost Accounting Events
PRC: Create Accounting
PRC: Transfer Journal Entries to GL
(optional)
Journal Import
(Oracle General Ledger)
Example: Costing flow for uncosted and unaccounted
labor expenditures
1 - 10

Copyright 2010, Oracle. All rights reserved.

Collect and Manage All Costs

Adjustments
Types of Costs
Straight Time
Overtime

Collect
Costs

Manage
Costs

Expense Reports
Supplier Invoices
Usages
Inventory

Track Actual & Committed Costs

Burden Transactions
Work in Process
Misc. Transactions

1 - 11

Copyright 2010, Oracle. All rights reserved.

Manage Costs
Adjustments
Cross Charge

Collect
Costs

Manage
Costs
Burdening
Allocations

Track Actual & Committed Costs

Cost Collection
and Accounting

Oracle Project
Costing Features

Oracle Project
Costing

1 - 12

Asset Capitalization

Copyright 2010, Oracle. All rights reserved.

View Accounting: Transaction Details

Drill down from
journal entries to
subledger details.

Oracle General
Ledger

Drill down from

subledger details to
transaction details.

Oracle Subledger
Accounting
Oracle Project
Costing

1 - 13

Copyright 2010, Oracle. All rights reserved.

View Accounting: Final Subledger Accounting

Entries
Oracle Subledger
Accounting
View final subledger
accounting for
expenditure items.
Oracle Project
Costing

You can view accounting for expenditure items for which you have
created accounting in final mode in Oracle Subledger Accounting.

1 - 14

Copyright 2010, Oracle. All rights reserved.

View Expenditure Item Details

Expenditure Item
Item Details
Button

Item Details
Revenue
Distribution
Lines

Cost
Distribution
Lines

PO Receipt

AP Invoice

Purchase
Order
Details

Expenditure Inquiry: Item details options

1 - 15

Copyright 2010, Oracle. All rights reserved.

Summary
In this lesson, you should have learned how to:
Explain the features of Oracle Project Costing

1 - 16

Copyright 2010, Oracle. All rights reserved.

Quiz
Oracle Project Costing imports data from which of these
applications?
a. Oracle Inventory
b. Oracle Supplier Ship and Debit
c. Oracle Service Contracts
d. Oracle Purchasing

1 - 17

Copyright 2010, Oracle. All rights reserved.

Quiz
Oracle Project Costing exports data to which of these
applications?
a. Oracle Internet Expenses
b. Oracle Assets
c. Oracle General Ledger
d. Oracle Project Manufacturing

1 - 18

Copyright 2010, Oracle. All rights reserved.

Quiz
You use Oracle Project Costing to generate revenue and
invoices by billing labor hours on a project.
a. True
b. False

1 - 19

Copyright 2010, Oracle. All rights reserved.

Quiz
The PRC: Distribute Labor Costs program uses AutoAccounting
to determine the default debit account for each expenditure
item.
a. True
b. False

1 - 20

Copyright 2010, Oracle. All rights reserved.