R12i Oracle Project Costing Fundamentals

Understand the Oracle Enterprise Project Management solution and its modules, including project foundation, costing, building, project management, resource management, collaboration, and portfolio analysis.

Explore the Oracle enterprise project management solution, detailing its modular setup, funding and budgeting, time and expenses, costing, billing, procurement, collaboration, and analytics to manage end-to-end projects.

Oracle project foundation sets up the base layer—organization, calendars, budget accounting, and implementation options—before implementing other project modules, and defines resources, roles, project structures, and security for program management.

Integrate global project costs with Oracle Project Costing, unifying time and labor, expenses, and inter company transactions into a single budget view. Classify expenditures and capitalize assets across multiple systems.

Explore how Oracle Project Building defines revenue and invoicing flows and generates invoices. Learn to integrate with receivables, apply payments, and track budgets, funding agreements, and milestone-based revenue methods.

Discover how Oracle project resource management deploys qualified resources across global projects. Optimize utilization, manage staffing and approvals, and track time and expenses within the costing cycle.

Orchestrate project planning and execution with Oracle project management, linking budgets, funding, timesheets, expenses, purchases, and invoicing to deliver on time and within budget.

Oracle project collaboration centralizes team communication and access to documents, enabling real-time issue resolution, task assignment, personalized dashboards, and progress tracking across multiple projects.

Leverage Oracle project portfolio analysis to prioritize and fund projects by integrating ROI and NPV metrics, defining strategic and financial objectives, and building what-if scenario portfolios for optimal selection.

Identify main process flaws in Oracle project costing and its integration with modules such as internet expenses, time and labor, project manufacturing, and purchasing inventory.

Explore how to capture and distribute project costs in Oracle project costing, including raw and burden costs, funding, budgeting, cross-charges, and posting to subledger accounting.

Explore how Oracle project costing integrates with multiple Oracle modules—expenses, time and labor, project manufacturing, payables, purchasing, assets, inventory, subledger accounting, and the general ledger—to centralize project costs.

Oracle project costing integrates with Oracle Internet expenses to capture project-related expenses, route for approval, import invoices, and post actual costs to Oracle applications.

Explore how Oracle Time and Labor timesheets feed project costing, from timecard entry and manager approval to imports of costs for employees and contractors.

Integrate Oracle project manufacturing with Oracle project costing to capture and centralize costs from manufacturing activities using the transaction import program in a central cost repository.

Explore how Oracle Payables integrates with Oracle Project Costing to link invoices, costs, and budgets to projects and tasks, and transfer these records to the general ledger via subledger accounting.

Integrate supplier invoices and asset purchases with Oracle assets and project costing through multiple methods, including Oracle purchasing, paperless invoicing, Isobar portal, and the Ask Oracle Babloo open interface.

Explore how Oracle asset tracking integrates with project costing to monitor asset movements between warehouses and link physical movements to financial transactions.

Explore how integration with Oracle iProcurement captures project information—project number, task, and expenditure details—through requisitions to purchase orders, with costs and commitments tracked in Oracle project costing.

Explore how Oracle Purchasing integrates with project costing by recording project information in purchase orders, creating commitments, and accruing costs at receipt, with manual, imported, or procurement PO creation.

Learn to integrate Oracle inventory with project costing by entering source project expenditure for miscellaneous transactions, including issue and miscellaneous receipt, so costs flow into project and budget costing.

Explore how Oracle subledger accounting integrates with project costing, automatic accounting rules, and budget inputs, enabling seamless transfer to the general ledger for further processing.

Integrate cost transactions with the Oracle general ledger and its accounting structure to drive project costing, with the subledger module transferring final entries to Oracle ledgers.

Explore projects and tasks, learn basic project information and structures, and compare plan and financial structures while examining costing workflows and oracle budget accounting.

Explore how a project acts as the primary unit and organizes a top-to-lower task hierarchy, while capturing costs across contract, construction, IT consulting, fixed-price, and internal tasks.

Define basic project information in Oracle projects, including name, long name, number, organization, type, status, public sector flag, location, dates, and template-driven setup.

Organize a project by creating a scalable task hierarchy across top-level, mid-level, and lowest-level tasks, and define milestones within each category to plan sequencing.

Explore types of project structures in Oracle project costing fundamentals, including financial structure and workplan structure, and how sharing structures reduces complexity for client facing and admin projects.

Explore workplan management in Oracle project costing, using a Bucklin structure to define tasks, schedules, resources, and dependencies, with baselines, approvals, and third-party integrations to deliver projects on time.

Explore how Oracle Projects centralizes financial management to track budgets, costs, and revenue, copy and modify financial structures for new projects, and monitor costs, billing, and margins.

Learn how to classify projects in Oracle project costing using contract, capital, and indirect budget classes, and attach them to project types and templates to track costs, revenue, and capitalization.

Delve into project types and budget types in Oracle Project Costing Fundamentals, covering cost plus and fixed price budgets, capital, indirect, and administrative project classes, with labor cost tracking.

Explore how project templates enable rapid creation of projects with predefined attributes and options, while allowing customization and automatic population of basic information, budget, and project options.

Explore the types of costs in project costing, including all costs, burden costs, overhead, and labor costs, and learn to allocate, budget, and compare with actuals.

Learn the costing process flow in Oracle project costing, from entering expenditures from various sources and approvals to distributing costs and generating accounting journals for the general ledger.

View accounting for project transactions in Oracle Project Costing by using the expenditure inquiry to drill into cost and revenue, then inspect journals and cost distribution lines.

Learn how to configure and verify GL, PA, inventory, AR, and AP periods across Oracle applications, ensure open statuses, and manage budget accounting periods within project costing.

Explore an enterprise scenario of Oracle project costing, from creating a template-based project to activating it, demonstrating cross charges, funding concepts, and funding agreements.

demonstrates oracle project costing under a cost-plus-fees scenario for united parcel service, detailing funding agreements, budget components, timesheet approvals, expense management, procurement, and intercompany invoicing.

Explore how multiple roles underpin Oracle project costing fundamentals, including budget director, budget manager, project team members, contractors, overseas staff, auditors, and supplier invoices.

Explore end-to-end Oracle project costing and budgeting, from funding agreements and project budgets to resource management, time and expenses, and project performance dashboards.

Create a new project from a cost-plus template in oracle applications to save up time, populate project details, and review budget, work plan, and financial plan.

Learn how to update a project status in Oracle applications, changing from unapproved to active and verifying the project appears in the project list with an active status.

Learn how to update a project with more information by adding three sources across the work plan, assigning resources, and aligning design, development, testing, and go-live milestones.

Update cross charge options in Oracle project costing by configuring intercompany tax transactions for overseas subsidiaries and setting up related tasks and schedules via the farm space UI.

Match funding to a customer agreement and sign a funding contract within the system, then enter and apply the amount to the project budget to baseline revenue.

Create a funding agreement in Oracle Projects by defining the customer, currency, exchange rate, and hard or soft revenue limits with payment terms.

Explore a business budgeting scenario, entering a poor budget for approval, and then see it reviewed and approved by the manager, with an overview of budgetary control in local budgets.

Assess a project funded under a three million contract with a two million funding agreement, create an approved budget, and allocate 40 percent to costs and 60 percent to burdens.

Create, update, and submit an approved budget using a financial plan, then monitor it with forecasts, baselines, and project performance reporting.

This lecture demonstrates how a manager reviews, approves, and updates a project budget in Oracle applications, including confirming cost and burden totals, adjusting amounts, and exporting to Excel for edits.

Explore budgetary controls in project costing, including expense commitments, non-inventory transactions, and purchases, with how form checks update funds and enforce budgets across time intervals.

Understand a business scenario for entering time sheets, obtaining approvals, submitting project time in Oracle applications projects, transferring approved hours to the project, and viewing time card data in projects.

Understand cost-plus project where vision corporation funds a $3 million United Parcel Services contract for Oracle E-Business Suite. Learn how timesheets, approvals, and supplier invoices track project expenses and revenue.

Unifies entering and processing time sheets and expenses in a business process flow, detailing roles from project member to project manager and resource manager, with approvals, auditing, invoicing, and payments.

Enter and submit project time sheets for employees and contractors, assign time to the correct project and expenditure type, and route for manager approval to support accurate project costing.

Discover how to review and approve a timecard in Oracle Applications, enforce project manager approvals, manage notifications, and configure override approval styles.

Learn how approved timesheets are transferred to Oracle projects for costing and viewing expenditures, using background processes run in off-peak hours and demonstrated in elastic client scenarios.

View timecard data in projects, enter and approve timecards for two employees, and import expenditures linked to August 4–6 time entries, showing charges to the project.

Run the distribute labor costs program to process time cards and generate project labor costs using standard or actual costing rules, with accounting distributions linked to each time entry.

Explore a business scenario in the Oracle internet expenses module to enter and submit expenses, with manager and auditor approvals, then create, process, and pay invoices.

Illustrates a cost-plus contract scenario for a three million Oracle E-Business Suite project, allocating 40 percent to Rockoff and 20 percent to Barton, with expenses processed by approvals and invoicing.

Enter and process project-related expense reports through an end-to-end flow: submit expenses, obtain project manager approval and audit, update allocations, generate invoices, and pay employees.

Learn how employees log in to Oracle, create project related expense reports, enter travel and daily expenses with project and task codes, attach receipts, and submit for manager approval.

In Oracle applications, project managers review and approve expense reports, with optional line manager involvement. Notifications trigger requests for information and eventual auditing of scanned receipts.

Audit and verify expense reports by logging in as an auditor, retrieving reports, confirming receipts and dates, and approving or requesting missing items before exporting to an ap invoice.

Export expense reports from Oracle Internet expenses to accounts payable, generate an AP invoice automatically, validate it, create accounting, and transfer expenses to projects for viewing.

Export an expense report from Oracle Internet expenses into Oracle accounts payable, then review the export status, logs, and the invoice linked to the report.

Log in as the project manager to locate the expense report AP invoice, validate it, review tax, and verify project and task references in the distribution lines before payment.

Create accounting for an invoice, generate final accounting without posting, review the resulting journal entries, and prepare to pay the invoice in a subsequent step.

Learn how Oracle applications pay expenses to employees created as suppliers, using manual and batch payments, select bank account and a payment process profile, and verify accounting for invoices.

Transfer expenses to a project using Oracle applications by submitting the interface request, selecting the project, and monitoring status through the interface audit as invoices are processed.

View and verify expenses in Oracle Projects by inspecting imported payables, reviewing distributions and raw costs, and tracking employee internet expense submissions against a project.

Understand the requisition and procurement workflow for project costing, including entering requisitions, billing, project and task data, creating purchase orders, and tracking commitments in project costing.

Explore a cost-plus project scenario in Oracle E-Business Sweep applications, covering project funding, budgeting, time and expense entry, procurement of project items, purchase orders, receiving, invoicing, and expenditure tracking.

From entering acquisitions and blanket purchase agreements to auto-generated supplier invoices and ledger posting, the course covers approval, pricing negotiation, and supplier portal visibility.

Learn to create a project-related purchase requisition in Oracle iProcurement by searching for items, adding to cart, checking out, adding requisition lines, and submitting for approval.

Enter billing information and approve requisition in Oracle project costing by entering project data at header or line level, selecting expenditure items, and completing the approval cycle.

Discover how to create a purchase order or release via AutoCreate in Oracle Purchasing, using blanket purchase agreements and automatically populating project information and distributions.

Receive requisition in iProcurement using desktop receiving, as the supplier views the order and bill, then verify the requisition as the receiver.

Verify the automatic run of concurrent programs, including the IRS (evaluated receipt settlement) and the payables interface, which imports invoices from interface tables and enables supplier view of payment status.