R12.x Oracle Project Costing Fundamentals Course Overview

R12.x Oracle Project Costing Fundamentals Course Overview

The R12.x Oracle Project Costing Fundamentals course is designed to provide learners with an in-depth understanding of the Oracle Project Costing module, which is a component of Oracle's E-Business Suite. The course covers the essentials of project costing, from defining projects and controlling expenditures to implementing budgetary controls, entering and processing expenditures, and performing cost adjustments. Students will learn how to integrate the Project Costing module with other Oracle applications such as Oracle Purchasing, Oracle Payables, Oracle Time & Labor, and Oracle Internet Expenses, enhancing their ability to manage project finances effectively.

By the end of the course, participants will be adept at performing cost distribution, creating accounting entries, and understanding period processing. They will also gain knowledge in implementing non-labor costing, labor costing, and burden costing. The course's comprehensive approach ensures that learners become proficient in managing and accounting for costs within projects, streamlining processes, and adhering to budgetary constraints. The skills acquired will help professionals ensure accurate financial reporting and compliance, making them valuable assets to their organizations.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

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  • Live Online Training (Duration : 32 Hours)
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♱ Excluding VAT/GST

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Course Prerequisites

To ensure a successful learning experience in the R12.x Oracle Project Costing Fundamentals course, the following prerequisites are recommended:

  • Basic understanding of project management concepts.
  • Familiarity with Oracle E-Business Suite Navigation.
  • Knowledge of the fundamentals of Oracle General Ledger.
  • Experience with Oracle Payables and Oracle Purchasing processes.
  • Awareness of the core elements of project accounting.
  • Comfort with standard PC and Microsoft Office Suite for using tools like Excel during the course.

These prerequisites are designed to establish a foundation upon which the course content can build. They are intended to provide learners with the minimum required knowledge to comprehend the course material effectively.

Target Audience for R12.x Oracle Project Costing Fundamentals

The R12.x Oracle Project Costing Fundamentals course is designed for professionals managing project costs and financials within Oracle systems.

  • Project Managers

  • Project Accountants

  • Cost Engineers

  • Financial Controllers

  • Business Analysts

  • IT Professionals tasked with Oracle Project Costing implementation or maintenance

  • Oracle EBS (Enterprise Business Suite) Consultants

  • Project Administrators

  • System Analysts specializing in financial or project modules

  • Operations Managers who oversee project financials

  • ERP (Enterprise Resource Planning) Specialists

  • Financial Analysts with a focus on project costing

  • Oracle Application Users involved in the financial aspects of projects

  • Technical Consultants who need to understand the functional side of Oracle Project Costing

  • Oracle Database Administrators who manage the EBS environment

  • Professionals seeking to upskill for career advancement in Oracle financials and project management systems

  • CFOs and Finance Executives interested in understanding Oracle Project Costing for strategic decision-making

  • Procurement Specialists dealing with Oracle Purchasing integration

  • Accounts Payable Managers interfacing with Oracle Payables

  • Expense Managers and Personnel using Oracle Internet Expenses

  • HR and Payroll Managers concerned with labor costing through Oracle Time & Labor integration

  • Asset Managers involved in asset capitalization within Oracle EBS

  • Cross-functional Team Members seeking to understand the impact of project costing across various departments

  • Quality Assurance Specialists tasked with testing Oracle Project Costing setups

  • Training Managers responsible for educating staff on Oracle Project Costing processes

  • Change Management Coordinators overseeing the implementation of Oracle Project Costing modules

  • Compliance Officers ensuring that budgetary controls meet industry and regulatory standards

  • Supply Chain Analysts involved in Oracle Inventory and Project Manufacturing integrations.

Learning Objectives - What you will Learn in this R12.x Oracle Project Costing Fundamentals?

Introduction to R12.x Oracle Project Costing Fundamentals Learning Outcomes

Gain comprehensive insights into project costing within the Oracle Projects suite, mastering cost control, budgeting, expenditure processing, and financial integration.

Learning Objectives and Outcomes

  • Understand the fundamental concepts and architecture of Oracle Project Costing.
  • Define projects with costing-related information to manage various cost elements effectively.
  • Implement and control expenditures to ensure accurate project accounting and prevent overspending.
  • Integrate project budgets with Oracle financial systems and enforce budgetary controls.
  • Enter and manage expenditure data through batch processing, including the use of Microsoft Excel and automated reversal techniques.
  • Perform cost distribution and create accounting entries, streamlining period-end processing.
  • Configure AutoAccounting and use the Account Generator for automated account generation.
  • Implement non-labor, labor, and burden costing, defining structures and schedules for accurate cost allocation.
  • Execute cost adjustments and process allocations, including AutoAllocations to distribute costs based on predefined rules.
  • Capitalize project-related assets and understand the processes for cross-charging expenses between projects or organizations.
  • Achieve integration with Oracle Purchasing, Oracle Payables, Oracle Internet Expenses, Oracle Time & Labor, and other modules for comprehensive project cost management.
  • Implement and understand the implications of asset capitalization, including capitalized interest calculations.