R12.x Oracle Project Costing Fundamentals
Duration : 4 Days (32 Hours)
R12.x Oracle Project Costing Fundamentals Course Overview:
The Oracle Project Costing Fundamentals course is tailored for professionals seeking proficiency in Oracle E-Business Suite Release 12’s Project Costing features. It’s an essential resource for mastering project cost management and tracking within Oracle Projects. The course encompasses a comprehensive array of topics, from project introduction to detailed implementation and configuration. Participants will delve into project implementation rationale, accounts, forecasts, tasks, and related processes. Additionally, they’ll gain expertise in configuring and setting up project costing within Oracle Projects, as well as effectively maintaining and controlling costs at the task level. By course completion, participants will be adept at identifying Oracle Projects module features, managing project accounting, handling forecast and actual costs, monitoring costs, creating and maintaining projects and tasks, and executing billing and invoicing functions.
Intended Audience:
- Cost Analysts
- Business Analysts
- Project Managers
- Executive Decision Makers
- Programmers and Developers
- Business Engineers
- Project Sponsors
- Business Owners
- Financial Analysts
- Project Coordinators
- Project Controllers
- Operations Managers
- IT Managers
- Functional Consultants
- Project Team Members
Learning Objectives of R12.x Oracle Project Costing Fundamentals:
1. Understand the setup options for Oracle Project Costing including responsibilities, system options, and project features.
2. Learn to create project definitions and tasks along with budgets and controls.
3. Practice entering and processing invoices, encumbrances, commitments and cost accounts.
4. Comprehend the concepts of revenue and billing, cost management and associated reporting.
5. Become knowledgeable in creating project and task forecasts and understanding variance analysis.
6. Learn to utilize financial analytics to generate scenarios, analyze and verify economic impacts.
7. Develop an understanding of employee and contractor time entry, billing and budgetary impacts.
8. Understand how inventory and services are tracked, invoiced and accounted for in projects.
Module 1: Overview of Oracle Project Costing
Module 2: Defining Projects for Costing
Module 3: Overview of Budgetary Controls, Budget Integration and Core Budgeting
Module 4: Entering Expenditures
Module 5: Implementing Expenditures
Module 6: Performing Cost Processing
Module 7: Accounting for Costs
Module 8: Implementing Non-Labor Costing
Module 9: Implementing Labor Costing
Module 10: Implementing Burden Costing
Module 11: Performing Cost Adjustments
Module 12: Integration with Oracle Purchasing and Oracle Payables
Module 13: Integration with Oracle Internet Expenses
Module 14: Integration with Oracle Time & Labor
Module 15: Allocations and AutoAllocations
Module 16: Asset Capitalization
Module 17: Cross Charge
Module 18: Appendix A: Integration with Oracle Inventory, Project Manufacturing, and Asset Tracking
Module 19: Appendix B: Budgetary Controls and Budget Integration
Module 20: Appendix C: Asset Capitalization: Capitalizing Interest
R12.x Oracle Project Costing Fundamentals Course Prerequisites:
This course is intended for Oracle Project Costing customers and requires that students have a basic understanding of the Oracle Applications, such as an understanding of the terminology and an understanding of the project life cycle. Prior knowledge of basic accounting principles is also recommended.
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Choose Learning Modality
Live Online
- Convenience
- Cost-effective
- Self-paced learning
- Scalability
Classroom
- Interaction and collaboration
- Networking opportunities
- Real-time feedback
- Personal attention
Onsite
- 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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