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Oracle Project Accounting Training

This instructor-led training program is designed to equip professionals with the skills necessary to effectively manage project…

This instructor-led training program is designed to equip professionals with the skills necessary to effectively manage project financials using Oracle’s Project Accounting module. Participants will gain hands-on experience in setting up and managing projects, processing expenditures, and generating financial reports, ensuring alignment with organizational goals and compliance with financial regulations.

What Will You Learn?

  • ✔ Project Setup and Configuration: Learn to define project structures, including project types, statuses, and templates, to ensure efficient project management.
  • ✔ Expenditure Processing: Develop skills to capture and manage project-related costs, ensuring accurate financial tracking and reporting.
  • ✔ Billing and Revenue Recognition: Gain expertise in configuring billing methods, generating invoices, and recognizing revenue in compliance with accounting standards.
  • ✔ Reporting and Analysis: Learn to generate standard and custom financial reports to analyze project performance and support decision-making.
  • ✔ Integration with Other Modules: Understand how Oracle Project Accounting integrates with other Oracle modules like Procurement, HRMS, and Financials to streamline operations.

Course Curriculum

Introduction to Oracle Project Accounting
✔ Overview of Oracle Project Accounting and its role in project financial management. ✔ Understanding the integration with other Oracle modules.

Setting Up Projects
✔ Defining project structures: types, statuses, and templates. ✔ Establishing project attributes and settings.

Managing Expenditures
✔ Capturing project costs: expenses, items, and services. ✔ Processing and approving expenditures.

Billing and Revenue Recognition
✔ Configuring billing methods and schedules. ✔ Generating invoices and managing revenue recognition.

Reporting and Analysis
✔ Generating financial reports: standard and custom. ✔ Analyzing project performance metrics.

Integration and Best Practices
✔ Integrating Project Accounting with Procurement, HRMS, and Financials. ✔ Implementing best practices for efficient project financial management.

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