R12.x Oracle Project Billing Fundamentals Ed1

Duration : 3 Days (24 Hours)

R12.x Oracle Project Billing Fundamentals Ed1 Course Overview:

The R12.x Oracle Project Billing Fundamentals Ed1 course is meticulously crafted to impart participants with comprehensive insights into Oracle Project Billing and its practical applications. Encompassing a spectrum of topics, the course guides learners through the setup of Oracle Projects, the intricacies of invoice creation, and adept record maintenance. By mastering project billing principles and leveraging Oracle’s software, attendees adeptly streamline billing processes. This course is an invaluable resource for those seeking to grasp project billing fundamentals and those entrusted with configuring and overseeing invoicing systems. It also serves as a potent reference for refining Oracle software utilization. Participants emerge equipped with a profound comprehension of Oracle’s project billing advantages, alongside invaluable best practices, tips, and troubleshooting techniques. Notably, troubleshooting and resolution strategies for dynamic billing intricacies are also covered comprehensively.

Intended Audience:

  • Project Managers
  • Accounting Personnel
  • Controllers
  • Business Users involved in processing and managing project invoices and revenue

Learning Objectives of R12.x Oracle Project Billing Fundamentals Ed1:

The Oracle R12.x Oracle Project Billing Fundamentals Ed1 Training is designed to equip participants with the essential knowledge and skills required for the successful implementation of the Oracle Project Billing application. Through this training, participants will gain proficiency in crucial setup and configuration tasks, enabling them to generate accurate invoices based on project and task specifics. The learning objectives encompass a comprehensive range of skills, including understanding the Oracle Project Billing Module, creating projects with associated tasks and revenue recognition schedules, executing customer invoicing with advanced features like documentation attachments and payment discounts, generating contract-based invoicing for fixed-price and time-and-material contracts, utilizing the AutoInvoice program, managing adjustments, and producing project/task-level billing reports. Upon completion of the training, participants will be empowered to effectively employ Oracle Project Billing to meticulously track and monitor project budgets and associated activities.

 Module 1: Overview of Oracle Project Billing

  • Contract Projects
  • Accounting Transactions
  • Agreements and Funding
  • Multicurrency Billing
  • Project Revenue
  • Invoicing
  • Retention Billing
  • Integraton with Oracle Project Contracts

 Module 2: Defining a Contract Project

  • Project Classes and Templates
  • Project Classes and Project Types
  • Billing Setup
  • Customers
  • Currency Options
  • Billability and Work Types
  • Rates, Rate Schedules, Rate Precedence, and Rate Overrides
  • Retention level and terms

 Module 3: Agreements and Funding

  • Project Funding
  • Hard Limits
  • Agreements and Customers
  • Multicurrency Billing
  • Payment Terms
  • Advance Payments
  • Allocating Funds, Funding Levels
  • Creating Baseline Budgets

 Module 4: Generating Revenue

  • Revenue Accrual methods
  • Hard Limit Processing
  • Revenue events
  • Generating Revenue
  • Revenue in Foreign Currency
  • Create Accounting
  • Reviewing and Releasing Revenue
  • Adjusting Revenue

 Module 5: Generating Invoices

  • Invoice concepts and methods
  • Event Billin
  • Customer Billing Retention
  • Billing Implementation Options
  • Invoice Tax
  • Interfacing Invoices to Receivables
  • Receivables and SLA Accounting
  • Adjustments

 Module 6: Accounting for Revenue and Invoices

  • AutoAccounting
  • Subledger Accounting
  • Unbilled Receivables and Unearned Revenue
  • Realized Gains and Losses
  • Unbilled Retention
  • Federal Budgetary Accounting

 Module 7: Interproject Billing

  • Definitions and Setups
  • Internal Suppliers and Customers
  • Provider and Receiver Controls
  • Internal Billing Implementation Options
  • Billing Extensions
  • Adjustments

 Module 8: Summary

  • Contract Projects
  • Customer Relationships
  • Agreements and Funding
  • Revenue Accrual
  • Muticurrency Billing
  • Invoicing
  • Accounting
  • Interproject Billing

R12.x Oracle Project Billing Fundamentals Ed1 Course Prerequisites:

There are no prerequisites for enrolling in Oracle Project Billing Fundamentals Ed1 Training.

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  • Interaction and collaboration
  • Networking opportunities
  • Real-time feedback
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  • Familiar environment
  • Confidentiality
  • Team building
  • Immediate application

Training Exclusives

This course comes with following benefits:

  • Practice Labs.
  • Get Trained by Certified Trainers.
  • Access to the recordings of your class sessions for 90 days.
  • Digital courseware
  • Experience 24*7 learner support.

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