JD Edwards EnterpriseOne Job Cost Accounting Part-2

This course is a continuation of Part-1 of the course and focuses entirely on transactional processes.

The JD Edwards EnterpriseOne Job Cost system, along with other JD Edwards EnterpriseOne systems, can assist you in managing projects and jobs, and monitoring the costs and revenues associated with them. You can use JD Edwards EnterpriseOne Job Cost to perform these tasks:

• Create and maintain cost code structures for all jobs (covered in Part-1)

• Establish job budgets (covered in Part-1)

• Set up time schedules for job tasks (covered in Part-1)

• Track and manage the costs and revenues associated with projects and jobs (covered in Part-1)

• Review and revise additional information associated with projects and jobs (covered in Part-1)

• Generate various reports showing the cost, revenues, and other details of projects and jobs.

• Calculate job progress at any time during the job.

• Calculate estimated final values associated with projects and jobs.

• Recognize and record profit or loss at any point in a job.

• Create draw reports on the costs that are eligible to be borrowed against a loan agreement.

The JD Edwards EnterpriseOne Job Cost system has the flexibility to manage the jobs associated with a wide variety of businesses, including these business areas:

• Mining

• Utilities

• Engineering projects

• Media production

• General contracting

• Manufacturing

• Self-constructed assets

• Property development and home building

• Heavy equipment and highway contracting

In addition, you can customize the JD Edwards EnterpriseOne Job Cost system to the specific business needs by completing these tasks:

• Setting up unique cost code structures for different jobs (covered in Part-1)

• Integrating industry specific terminology into forms and reports (covered in Part-1)

• Selecting from various computation methods when calculating projected final values.

The JD Edwards EnterpriseOne Job Cost system enables you to manage the projects and jobs. For example, the financial features enable you to monitor the costs and revenues associated with the job. System features include:

• Final projections

• Profit recognition

• Job status inquiry

• Audit trail management

• Job budget revision

• Cost analysis

• Draw processing

• Report generation

The JD Edwards EnterpriseOne Change Management system is a flexible system of interrelated programs that lets you create a change management process to suit the organization. You can set up a very simple process by using only change requests to track changes to the accounts that are affected by changes to a job.