asset cost allocation method in oracle projects

• Skip to content
• Accessibility Policy
• Oracle blogs
• Lorem ipsum dolor
• General Interest ,
• Horizontal ,
• Record to Report ,

Acquire to Retire with Capital Projects

We are frequently asked by our customers about capitalization capabilities in Oracle Fusion Cloud Project Management. This blog post introduces you to Capital Projects and more information about this ever-improving feature of Project Management in one document.

Track capital project costs such as asset and retirement costs, using Project Management. Capture the costs in Project Management from multiple Oracle Cloud ERP sources such as Payables, Expenses, Time & Labor, or Inventory. In addition, import miscellaneous costs from external sources.

If you are managing capital projects and building Construction-in-Progress assets, use the Capital Projects process in Project Management. You can create CIP project assets to accumulate costs for fixed assets that are being built, installed, or acquired. Additionally, you can create retirement adjustment assets for group assets to collect cost of removal and proceeds of sale amounts. Calculate simple or compound interest on either the total CIP amount or the open CIP amount in Project Management.

You also can integrate Oracle EPM Planning Projects module (Projects Planning) with Oracle Fusion Cloud Project Management (Project Management) to perform organizational and capital planning and budgeting and to execute projects.

Select the asset cost allocation method to determine how common costs incurred on a project are allocated to assets. Place the asset in service when it is ready to use. Generate asset lines from the CIP costs and transfer them from Projects Costing to Assets. If a project has more than one capital asset, then place each asset in service when it is complete.

Track capitalized assets in Oracle Fusion Cloud Assets with a drill-down to source lines with the project information. 

See the Acquire to Retire with Capital Projects announcement on Customer Connect for more details.

Marian Crkon

Senior principal product manager.

Marian has over 28 years of experience of implementing Oracle Financials and Projects applications. Prior to joining Product Strategy, Marian worked for large professional organizations as well as an independent consulting firm. Marian has implemented Oracle ERP for a number of large US multi-nationationals as well as mid-size and small project-centric businesses.    As a member of the ERP ACE team, Marian works with large and strategic customers on their Cloud transformation journey. He is based in Seattle, WA.

Helle Hennings

Senior product strategy director.

Helle has over 29 years of experience with the Oracle ERP products, dating back to the Release 8 days of E-Business Suite. Prior to joining Oracle Product Strategy, Helle was actively involved in consulting services delivery for Oracle ERP Applications which included implementations, upgrades, and customization development for customers operating globally. Helle’s background is in Accounting and Finance prior to her consulting days. As a member of the ACE team, Helle works with strategic customers on their transformation journey.

Previous Post

Adjustment-only Ledgers

High volume data migration considerations for project management.

• Analyst Reports
• Cloud Economics
• Corporate Responsibility
• Diversity and Inclusion
• Security Practices
• What is Customer Service?
• What is ERP?
• What is Marketing Automation?
• What is Procurement?
• What is Talent Management?
• What is VM?
• Try Oracle Cloud Free Tier
• Oracle Sustainability
• Oracle COVID-19 Response
• Oracle and SailGP
• Oracle and Premier League
• Oracle and Red Bull Racing Honda
• US Sales 1.800.633.0738
• How can we help?
• Subscribe to Oracle Content
• © 2024 Oracle
• Privacy / Do Not Sell My Info

Oracle Cloud ERP - Asset Cost Allocation Method: Office Hour

ORACLE CLOUD ERP

ERP – Asset Cost Allocation Method: Office Hour

Description:

In this office hour, we will revisit the Asset Cost Allocation Method and discuss its role in the Generate Asset Lines process. We will also review the questions raised during the previous event of October 4th, and use this session to respond to additional questions you may have.

Presented by:

• Joe Stoiber, Principal Product Manager, PPM Cloud Product Management, Oracle Cloud ERP
• Mike Saucier, Director, PPM Cloud Product Strategy, Oracle Cloud ERP
• Biju Kattuparambil, Director, Projects Development, Oracle Cloud ERP
• Loni Nath, Principal Applications Engineer, Projects Development, Oracle Cloud ERP

PLEASE NOTE : In order to attend this event, you must be an Oracle Cloud Customer Connect community member. If you are not a member, register here to join .

Privacy Overview

To access an individual group page, you must be logged in as a Quest account holder.

Don’t have an account? Sign up for free by going here .

Revision History

Optional Uptake of New Features (Opt In)

Feature Summary

Common Technology and User Experience

Project Resource Management

Manage Project Resource Pools Using a REST Service

Project Management

Delete Work Plan Templates Using a REST Service

Read Project and Task Code Settings Using a REST Service

Project Performance Reporting

Review Summarized Project Performance Insights Using a REST Service

Project Billing

Submit a Project Contract Invoice Using a REST Service

Project Costing

Update Account Information on Project Costs Using a REST Service

Create Unprocessed Project Costs Using a REST Service

Transfer Project Costs to New Expenditure Type Using a REST Service

Project Foundation

Manage Additional Project Attributes Using a REST Service

Manage Additional Project Task Attributes Using a REST Service

Update Burden Schedule Override for Award Project Using a REST Service

Manage Project Plan Type for Project Templates Using a REST Service

Oracle PPM Cloud

Efficiently Create and Maintain Project Enterprise Resources

Navigate Directly Between Your Real-Time Analysis and Project Resources Work Area

Fulfill Requests and Create Assignments with Future-Hired Resources

Summarize Project and Contract Performance Data Using a Single Scheduled Process

Define Receivables Accounting Rules with Additional Award Attributes

Support Zero Discount Percentage for Nonlabor Rate Overrides

Define Multiple Bill-to Accounts for Intercompany Contracts

View Associated Task Dimensions in a Receivables Real-Time Analysis

View Contract Line Dimensions in a Receivables Real-Time Analysis

Calculate Revenue Amounts with the Project Process Configurator Using Additional Source Filters

Identify Causes of Billing Transaction Exceptions with a Zero Amount

View Construction-in-Process Account in a Real-Time Analysis

Allow Budget Period Updates on Awards Without Budgetary Control

Removal of Project Spaces and Document Library in Update 20A

This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:

This guide outlines the information you need to know about new or improved functionality in this update, and describes any tasks you might need to perform for the update. Each section includes a brief description of the feature, the steps you need to take to enable or begin using the feature, any tips or considerations that you should keep in mind, and the resources available to help you.

Give Us Feedback

We welcome your comments and suggestions to improve the content. Please send us your feedback at  [email protected] .

Oracle Cloud Applications delivers new updates every quarter. This means every three months you'll receive new functionality to help you efficiently and effectively manage your business. Some features are delivered Enabled meaning they are immediately available to end users. Other features are delivered Disabled meaning you have to take action to make available. Features delivered Disabled can be activated for end users in a couple of ways:

Access the Opt In page from the New Features Work Area

• Click the Navigator , and then click New Features (under the My Enterprise heading)
• On the New Features page, select the offering that includes new features you’d like to review
• Click Go to Opt In for any feature you want to opt in
• On the Edit Features page, select the Enable option for the feature, and then click Done

or...  Access the Opt In page from the Setup and Maintenance Work Area

• Click the Navigator , and then click Setup and Maintenance
• On the Setup page, select your offering, and then click Change Feature Opt In
• On the Opt In page, click the Edit Features icon for any area that includes features you want to opt in
• On the Edit Features page, select the Enable option for any feature you want to opt in to. If the Enable column includes an Edit icon instead of a check box, then click the icon, select your feature options, and click Save and Close . 
• Click Done .

Opt In Expiration

Occasionally, features delivered Disabled via Opt In may auto enable in a future update. This is known as an Opt In Expiration. If your cloud service has any Opt In Expirations you will see a related tab in this document. Click on that tab to see when the feature was originally delivered Disabled, and when the Opt In will expire, potentially auto enabling the feature. You can also  click here  to see features with Opt In Expirations across all Oracle Cloud Applications.

Column Definitions:

Report = New or modified, Oracle-delivered, ready to run reports.

UI or Process-Based: Small Scale = These UI or process-based features are typically comprised of minor field, validation, or program changes. Therefore, the potential impact to users is minimal.

UI or Process-Based: Larger Scale* = These UI or process-based features have more complex designs. Therefore, the potential impact to users is higher.

Customer Action Required = You MUST take action before these features can be used by END USERS. These features are delivered disabled and you choose if and when to enable them. For example, a) new or expanded BI subject areas need to first be incorporated into reports, b) Integration is required to utilize new web services, or c) features must be assigned to user roles before they can be accessed.

REST APIs for Oracle PPM Cloud

View, create, update, and delete project resource pools using the Project Resource Pools REST service. It makes it easy for you to maintain a large number of resources and resource pools. You can review payload examples for the Project Resource Pools service in the REST API for Oracle Project Portfolio Management Cloud guide.

The service has a parent resource and 2 child resources as follows:

Steps to Enable

Review the REST service definition in the REST API guides, available from the Oracle Help Center > your apps service area of interest > REST API. If you're new to Oracle's REST services you may want to begin with the Quick Start section.

Tips And Considerations

The Resource Pool object has a composite key as its primary key. To update or delete a resource pool, you need to get the composite key to pass it in the PATCH and DELETE URL. Follow these steps:

• Perform a GET operation passing using a query parameter.

For example, add this to your GET URL to query resource pool by resource pool name: q=ResourcePoolName='A6 Resource pool'

The query result displays all the attributes of the resource pool and includes a link with the hash key to the resource pool record:

• Use the URL given in the "href" link in the PATCH or DELETE operation to update or delete the resource pool record.

Key Resources

• Related Help: REST API for Oracle Project Portfolio Management Cloud guide available on the Oracle Help Center .

Role Information

To use this feature, you need this privilege and one of the roles:

• Manage Project Resource Pools (PJR_MANAGE_PROJECT_RESOURCE_POOLS_PRIV)
• Project Integration Specialist ( ORA_PJF_PROJECT_INTEGRATION_SPECIALIST_JOB )
• Project Application Administrator ( ORA_PJF_PROJECTS_APPLICATION_ADMINISTRATOR_JOB )

Delete work plan templates using the Work Plan Templates REST service. Typically, you use this operation to delete obsolete work plan templates.

A work plan template is a standard set of project tasks, resource assignments, and deliverables available for use across projects. They are used to create a new project plan or to add tasks to an existing project plan.

Payload examples for this REST service are available in the REST API for Oracle Project Portfolio Management Cloud guide.

Review the changes to the Work Plan Templates service, and update your REST client.

You can only delete the work plan templates that you have created.

To use this feature, you need this privilege or role:

• Project Manager (ORA_PJF_PROJECT_MANAGER_JOB)
• Create Project Work Plan Template (PJT_CREATE_PROJECT_WORK_PLAN_TEMPLATE_PRIV)

Read project and task code settings such as name, description, and type using the Enterprise Project and Task Codes REST service. If a project or task code is a value set, the service also retrieves the list of accepted values for it.

During implementation, project application administrators can create enterprise project codes and enterprise task codes to track additional project or project task details that need to be captured. For example, they can create a task code to capture the type of work done for each project task. And, if there is a finite set of values to capture the type of work done, they also define a list of accepted values for it.

• The Enterprise Project and Task Codes REST service only provides access to the enterprise project code settings and the enterprise task code settings: It does not provide access to enterprise project codes values or enterprise task codes values assigned to a particular project or task, respectively. You can access the enterprise project code values assigned to a project using other REST services such as the Projects and the Project Plans REST services depending on the role needs. Similarly, you can access enterprise task code values assigned to a project using the Tasks resource of the Projects and the Project Plans REST services.
• REST API for Oracle Project Portfolio Management Cloud guide available on the Oracle Help Center .

To read Enterprise Project Code Settings, you need this privilege or role:

• Manage Project Work Plan (PJT_MANAGE_PROJECT_WORK_PLAN_PRIV)

To read Enterprise Task Code Settings, you need this privilege or role:

• Team Collaborator (ORA_PJF_TEAM_COLLABORATOR_ABSTRACT)
• Manage Project Tasks (PJL_MANAGE_PROJECT_TASKS_PRIV)

The Project Insights REST service highlights 29 points of interest for your project. These include the overall project health, budget and spend, and project progress. View the details for items that require your attention such as over and under resource allocations, missing time cards, invoice approvals, and task exceptions. Be prepared with details about resource assignments ending soon and upcoming milestones that are due.

Submit or schedule one of the following processes to collect and summarize the project insights.

• Update Project Performance Data
• Update Project Performance Data Without Producing Report (recommended)
• Related Help: REST API for Oracle Project Portfolio Management Cloud guide available on the  Oracle Help Center .

To use this feature, you need these privileges or roles:

• Project Management Duty (ORA_PJF_PROJECT_MANAGEMENT_DUTY)
• Manage Project Performance (PJS_MANAGE_PROJECT_PERFORMANCE)

You can only view insights for the projects for which you are assigned.

Submit a project contract invoice using a REST service. You can review payload examples for the Project Contract Invoices service in the REST API for Oracle Project Portfolio Management Cloud guide.

Change the status of a draft invoice to submitted using a REST Service. If you have enabled invoice approval workflow, the service will call invoice approval workflow to automatically notify the appropriate people and add the invoice to those individuals’ worklist for approval or rejection.

To use this feature, you need one of these roles:

• Project Integration Specialist (ORA_PJF_PROJECT_INTEGRATION_SPECIALIST_JOB)
• Project Billing Specialist (ORA_PJF_PROJECT_BILLING_SPECIALIST_JOB)

Update the imported account information on project costs using the Project Costs REST service. You can perform this adjustment using the custom operation adjustProjectCosts. This feature allows you to update credit and debit accounts for raw, burden, and burdened costs on project cost transactions until the project cost is accounted. You can review payload examples for the Project Costs service in the REST API for Oracle Project Portfolio Management Cloud guide.

Adjustment History Tab Displaying the Update Accounts Adjustment Performed Using the REST Service

• When you update the imported accounts on a project cost, the existing accounts are replaced with the new accounts on the existing cost distributions.
• You can't perform this adjustment on a project cost that's already accounted or adjusted.
• If you provided incorrect accounts (for example, incorrect value for company or department code segments) while creating the project costs due to which you can't account and post the cost to the general ledger, then instead of having to edit your SLA rules as a workaround, you can simply update the accounts on the project cost using this feature.
• Edit Project Expenditure Item Costing (PJC_EDIT_PROJECT_EXPENDITURE_ITEM_COSTING_PRIV)
• Project Cost Transaction Processing (ORA_PJC_PROJECT_COST_TRANSACTION_PROCESSING_DUTY)
• Grants Accountant (ORA_PJF_GRANTS_ACCOUNTANT_JOB)
• Project Accountant (ORA_PJF_PROJECT_ACCOUNTANT_JOB)

Create unprocessed project costs using the Unprocessed Project Costs REST service. You can create unprocessed project costs for third-party transaction sources using this feature. You can review payload examples for the Unprocessed Project Costs service in the REST API for Oracle Project Portfolio Management Cloud guide.

To use this feature, you need these privileges or roles:

• Manage Project Unprocessed Expenditure Item (PJC_MANAGE_PROJECT_UNPROCESSED_EXPENDITURE_ITEM_PRIV)

Update the expenditure type on your project costs using the Project Costs REST service. You can perform this adjustment using the custom operation adjustProjectCosts. This allows you to retroactively transfer your project costs from one expenditure type to another and view the adjustment details, such as adjustment status, and when and by who the adjustment was made. You can review payload examples for the Project Costs service in the REST API for Oracle Project Portfolio Management Cloud guide.

Adjustment History Tab Listing the Transfer of a Project Cost to a New Expenditure Type Performed Using the REST Service

Resulting Costs on the Manage Project Costs Page

• Reversal for the existing project cost with the original expenditure type
• New project cost with the updated expenditure type
• The REST service returns the transaction number of the new project cost in the response for easy reference. For example, The project cost with transaction number 7861598 was adjusted and as a result the following project costs were created with transaction numbers: 7876610.
• Transfer Project Expenditure Item (PJC_TRANSFER_PROJECT_EXPENDITURE_ITEM_PRIV)
• Project Management Duty (ORA_PJF_PROJECT_MANAGEMENT_DUTY_ABSTRACT)
• Grants Administrator (ORA_PJF_GRANTS_ADMINISTRATOR_JOB)
• Principal Investigator (ORA_PJF_PRINCIPAL_INVESTIGATOR_JOB)

View, create, and update project organization and additional project attributes using the Projects REST service. You can review payload examples for the Projects service in the REST API for Oracle Project Portfolio Management Cloud guide.

Following is the list of attributes that will now be available in Projects REST service.

• Planning Project
• Project Currency Conversion Rate Type
• Project Currency Conversion Date Type Code
• Project Currency Conversion Date
• Capitalized Interest Rate Schedule ID
• Capitalized Interest Rate Schedule
• Capitalized Interest Stop Date
• Asset Cost Allocation Method Code
• Capital Event Processing Method Code
• Burden Schedule ID
• Burden Schedule
• Burden Schedule Fixed Date
• KPI Notifications Enabled
• Include Notes in KPI Notifications
• Related Help: REST API for Oracle Project Portfolio Management Cloud guide available on the Oracle Help Center .
• Project Application Administrator (ORA_PJF_PROJECTS_APPLICATION_ADMINISTRATOR_JOB)

Update task owning organization for existing project tasks by using the Tasks REST service. This feature allows you to create tasks under one organization and move them to a different organization later using the service. You can also view and update other key task attributes such as burden schedule, source reference, and cross-charge attributes. You can review payload examples for the Tasks service in the REST API for Oracle Project Portfolio Management Cloud guide.

You can now view and update the following attributes using the Tasks REST service:

• Organization
• Organization ID
• Allow Cross-Charge Transactions from Other Business Units
• Process Cross-Charge Transactions for Labor
• Process Cross-Charge Transactions for Nonlabor
• Source Reference
• Source Application
• Related Help: REST API for Oracle Project Management Cloud guide available on the Oracle Help Center .
• Manage Project Service (PJF_MANAGE_PROJECT_SERVICE_PRIV)
• View Project Service (PJF_VIEW_PROJECT_SERVICE_PRIV)
• Project Execution Application Administration (ORA_PJT_PROJECT_EXECUTION_APPLICATION_ADMINISTRATION_DUTY)

Update override burden schedule for award projects using the Awards REST service. You can review payload examples for the Awards service in the REST API for Oracle Project Portfolio Management Cloud guide.

• Principal Investigator (ORA_PJF_PRINCIPAL_INVESTIGATOR)
• Grants Department Administrator (ORA_PJF_GRANTS_DEPARTMENT_ADMINISTRATOR_JOB)

View and create project plan type of a project template using the Project Templates REST service. You can review payload examples for the Project Templates service in the REST API for Oracle Project Portfolio Management Cloud guide.

Leverage new options for creating and maintaining your project enterprise resources. You can choose which resource maintenance conditions to apply when you import HCM people as project enterprise resources. For example, in a large organization, you may choose to separate out conditions for different parts of your company. In addition, you can create conditions based on an organization and also choose whether the conditions apply to the organization's hierarchy. This feature increases efficiency and reduces overhead as you can create fewer conditions and apply them to multiple criteria.

Here are the options available in the Manage Project Enterprise Labor Resource Maintenance Conditions setup page to use this feature.

• Enable the conditions that you want the Maintain Project Enterprise Labor Resource process to pick up. By default, all the conditions are selected.

• Select the Include organization hierarchy checkbox to indicate if you want to include hierarchy under the selected organization. Enter the hierarchy from which the organization and it's child nodes will be selected. Your organization hierarchy could be a single hierarchy that includes organizations of all classifications which is the Generic organization hierarchy, or a department hierarchy which includes only organization which has department classification.

Organizations and organization hierarchy are part of HCM workforce structures setup as part of Global Human Resources implementation.

The new features are available by default on the Manage Project Enterprise Labor Resource Maintenance Conditions setup page.

After upgrade to this release, all existing conditions will continue to work as before. They are all selected by default. You can disable a condition if required.

• Related Help: Project Enterprise Labor Resource Maintenance Conditions in the Implementing Project Execution guide available on the Oracle Help Center .

To use this feature, you need this role:

Resource Managers can use Oracle Transactional Business Intelligence (OTBI) to provide real-time insights for your project resourcing needs. When the insights require action, you can now navigate to the actionable item easily using deep linking. A deep link is a URL to open a page without navigating through the application menu structure. By adding deep link URLs to your analysis, you can navigate directly to the Edit Resource Request, Edit Resource Assignment, and Resource Details pages.

Leverage new subject area(s) by adding to existing reports or using in new reports. For details about creating and editing reports, see the Creating and Administering Analytics and Reports book (available from the Oracle Help Center > your apps service area of interest > Books > Administration).

Adding a deep link interaction to your analysis takes just a few steps.

• Create an analysis using the Project Resource Management - Resource Management Real Time subject area. Add the desired unique key as a column in your analysis.
• Resource > Resource ID
• Request > Project Request Details > Project Resource Request ID
• Assignment > Project Assignment > Project Resource Assignment ID
• Select the Column Properties for the resource, request, or assignment attribute that you want to associate the deep link to. This can be the unique key or any other attribute such as the name or number.
• On the Column Properties, Interaction tab, select Action Links for the Value Primary Interaction.
• Select the Add icon. Enter a name for the action link and then choose the Navigate to a Web Page action

• Enter the deep link URL. Replace the host name with your host name.
• Add the three token parameters for the object type, object key, and action.

 7. Save your changes.

• Related Help: Additional options are available to go back and forth between the analysis and the application page. For more information, see the Creating and Administering Analytics and Reports guide available on the Oracle Help Center .

To use this feature you need this role:

• Resource Manager (ORA_PJF_RESOURCE_MANAGER)

Resource requests are further secured by resource pools when the Secure resources in project resource pools is enabled using the Setup and Maintenance Manage, Project Resource Management Implementation Options task.

Add employees and contingent workers with hire dates set in the future as managed resources and confirm or reserve these resources on upcoming project assignments. The future-hired resources will appear in project resource request search results and you can select them for assignments that start on or after their hire date. For example, a college hire starts in two months and you can line up an initial project assignment ahead of time.

When resources are hired or transfer into a position to work on project assignments, resource managers are able to allocate these resources to projects that coincide with their hire or transfer date. Often, the hire or transfer date is set as a date in the future. Planning  projects and resource requirements take place before the work is scheduled to start. Having visibility into all resources, including those joining or transferring in the future, give resource managers clear visibility into the full resource supply in their resource pool for a given point in time. Resource managers are able to maximize resource utilization for the future hired or transferred resources. Project managers are able to plan for and secure these resources for their project.

Resource managers can review accurate resource pool utilization that takes into account future resources.Utilization for a resource pool is based on those resources that are active pool members during the utilization time period.

Establish Future-Hired Project Enterprise Resources

View Future-Hired Resource Details

Search for Resources for Future Assignments

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Project Execution Management   No Longer Optional From: Update 20A

• When searching for resources for a project resource request, qualified resources will appear if they are active as a project enterprise resource as of or earlier than the requested start date.
• You can view future-hired resources in Manage Project Resources for the pool the resource is assigned to as of their project enterprise resource active date.
• You can create a resource assignment with an assignment start date equal or later than the date the resource is active as a project enterprise resource.
• Related Help:  Can I assign a future-hired resource to a project resource request? in the Using Project Execution Management guide available on the Oracle Help Center .
• Resource Manager (ORA_PJF_RESOURCE_MANAGER_JOB)

Summarize project and contract performance data by using a single scheduled process. You can use either the Update Project Performance Data or the Update Project Contract Performance Data process to generate summarized data for both projects and contracts. This removes the need for you to schedule both the processes.

Offering: Project Financial Management   No Longer Optional From: Update 20B

Submit or schedule either the Update Project Performance Data or the Update Project Contract Performance Data process as required.

• You must submit or schedule either the Update Project Performance Data or the Update Project Contract Performance Data process without specifying any parameters that determine the range of projects or contracts for the process. You must leave any such parameters (for example, project unit, business unit, and so on) blank so that the application can summarize the eligible projects and contracts.
• If you have already scheduled runs for either the Update Project Performance Data or the Update Project Contract Performance Data process for a business unit, project unit, a single or a range of projects or contracts, then you must delete these schedules and reschedule only one of the processes without specifying any parameters for the range of projects or contracts to be summarized.
• Related Help: Project Performance Data Summarization in the Using Project Performance Reporting guide available on the Oracle Help Center .

To use this feature, you need these roles:

• Project Contract Invoice Management (ORA_PJB_PROJECT_CONTRACT_INVOICE_MANAGEMENT_DUTY)
• Project Contract Revenue Management (ORA_PJB_PROJECT_CONTRACT_REVENUE_MANAGEMENT_DUTY)
• Project Execution (ORA_PJF_PROJECT_EXECUTION_ABSTRACT)
• Project Administrator (ORA_PJF_PROJECT_ADMINISTRATOR_JOB)

Allow for consistent treatment of account derivation between cost, revenue, and receivables. You can use additional award details to drive the generation of the receivables general ledger account while accounting for project related invoices.

You can now configure receivable subledger accounting using sources from attributes of awards related to project contract invoices passed to receivables. The following award attributes can now be used to define subledger accounting:

• Award Institution
• Award Purpose
• Award Purpose Name
• Award Type Name
• Award Descriptive Flexfields

You don't need to do anything to enable this feature.

To use this feature, you need these privileges:

• Application Implementation Consultant (ORA_ASM_APPLICATION_IMPLEMENTATION_CONSULTANT_JOB)
• Integration Specialist (ORA_FND_INTEGRATION_SPECIALIST_JOB)

Override the standard discount rate with a zero discount rate in the nonlabor rate overrides. This allows customers to manage their contracts efficiently without creating additional contract lines and bill plans.

Contract administrators can create nonlabor rate overrides on a bill plan for specific expenditure types, nonlabor resources, and/or organizations that contain a zero discount percentage. This enables billing specialists to bill customers at standard rates with no discount for exceptional expenditures.

This image shows an override of the standard discount percentage of 20 for the entire bill plan with zero for the Lab Equipment expenditure type.

Edit Contract - Create Bill Plan

• Customer Contract Administrator (ORA_OKC_CUSTOMER_CONTRACT_ADMINISTRATOR_JOB)
• Customer Contract Manager (ORA_OKC_CUSTOMER_CONTRACT_MANAGER_JOB)

Select multiple bill-to accounts on an intercompany contract and transfer these to receivables on intercompany invoices. Each bill plan on an intercompany contract can have its own bill-to customer account, so that taxes can be calculated accurately. This allows customers to manage their contracts more efficiently by reducing number of contracts.

The following image shows each bill plan on an intercompany contract can have a different bill-to customer account.

Edit Contract: Billing

Ensure you:

• Create multiple bill-to accounts, bill-to contacts, and bill-to sites for the desired internal customers.
• Define the multiple bill-to accounts in the Manage Intercompany Customer Supplier Association page.

View and report on Project Billing associated task dimensions in the Receivables - Transactions Real Time subject area.

Now that this dimension is included, you can add these attributes and create analysis that will show receivables transaction values based on the associated task. This attribute also exists in the Projects - Invoices Real Time subject area and, as a result, will allow more options for cross-pillar reporting with analysis that include columns from both subject areas. You can find the new dimension as shown in the image below:

Associated Task Dimension

The following report sample illustrates a simple project contract invoice with a single line using the Associated Task - Task Name column.

Receivables - Transactions Real Time Subject Area Sample Report

• Before this attribute can be used in receivables, the project contract invoice must be defined with an invoice format that includes project and task in the line grouping. Once this configuration is in place, contract lines will include this information which is passed to receivables and available for reporting.
• This attribute exists on transaction and project contract invoice lines and is not included for the invoice header. As a result, when these attributes are included in an analysis, corresponding values at the line level will appear while transaction totals will appear on a separate line.
• Accounts Receivable Specialist (ORA_AR_ACCOUNTS_RECEIVABLE_SPECIALIST_JOB)

View and report on contract line dimensions in the Receivables - Transactions Real Time subject area.

Now that this dimension is included you can add these attributes and create analysis that will show receivables transaction values based on the contract line. This attribute also exists in the Projects - Invoices Real Time subject area and, as a result, will allow more options for cross-pillar reporting with analysis that include columns from both subject areas. You can find the new dimension as shown in the image below:

Contract Line Dimension

The following report sample illustrates a simple project contract invoice with a single line using the Contract Line column.

Receivables - Transaction Real Time Sample Repot with Contract Line

To use this feature, you need these/or one of these privileges:

Use the project status, project type, expenditure type, or expenditure type class when formulating sources used as input to revenue amounts calculated by the Project Process Configurator. For example, you can choose to define a source called Total Actual Cost and exclude items with a specific expenditure type. This allows customers to restrict the conditions under which a source is used in the definition of revenue calculation.

Project Type and Project Status filters are available for the following sources:

• Calculation Level Labor Raw Cost in Project Functional Currency - ITD
• Calculation Level Labor Raw Cost in Project Functional Currency - PTD
• Calculation Level Labor Raw Cost in Project Functional Currency - Run
• Calculation Level Nonlabor Raw Cost in Project Functional Currency - ITD
• Calculation Level Nonlabor Raw Cost in Project Functional Currency - PTD
• Calculation Level Nonlabor Raw Cost in Project Functional Currency - Run
• Calculation Level Labor Burdened Cost in Project Functional Currency - ITD
• Calculation Level Labor Burdened Cost in Project Functional Currency - PTD
• Calculation Level Labor Burdened Cost in Project Functional Currency - Run
• Calculation Level Nonlabor Burdened Cost in Project Functional Currency - ITD
• Calculation Level Nonlabor Burdened Cost in Project Functional Currency - PTD
• Calculation Level Nonlabor Burdened Cost in Project Functional Currency - Run
• Calculation Level Labor Quantity - ITD
• Calculation Level Labor Quantity - PTD
• Calculation Level Labor Quantity - Run
• Calculation Level Planned Revenue in Project Functional Currency
• Calculation Level Planned Quantity
• Calculation Level Planned Raw Cost in Project Functional Currency
• Calculation Level Planned Burdened Cost in Project Functional Currency

Project Status, Project Type, Expenditure Type and Expenditure Category filters are available for the following sources:

• The inception to date and period to date sources don't include the revenue amounts for transactions being recognized in the current process.
• Refine the amount values used in the configurator formulas by using the filters for a source.
• The event type to use for events created by a configurator are assigned to the revenue method.
• Use conditions in the Account Rules associated to the External Revenue and External Revenue Clearing Journal Line Rules to ensure that the resulting accounting entries are based on the event type.

Receive separate error messages identifying the specific reasons why a billing transaction exception with a zero amount is recorded. For example, in the case of cost reimbursable billing, you will receive a specific transaction exception when the cost on the expenditure item is zero, and hence the bill amount is calculated as zero.

On the Invoices Overview and Manage Billing Transaction Exceptions pages, you will now be able to distinguish between the following reasons why a billing transaction exception with a zero amount is recorded:

• Billing is based on rates and the derived bill rate is zero.
• Billing is based on rates and quantity is zero.
• Billing is based on rates and the rounded calculated bill amount is zero.
• Billing is based on rates but a rate couldn’t be found.
• Billing is based on cost and cost is zero.

The following image shows one of the new error messages.

Manage Billing Transaction Exceptions

View and Report on the Construction-in-Process (CIP) account for analyzing project assets lines using the Project Costing - Assets Real Time subject area. The cost account, cost balancing segment, cost center, and natural account are available to verify the CIP balances after you generate and transfer them to fixed assets.

The following screenshot shows the new dimensions for the Accounting Key Flexfield related to the CIP Account in the Project Asset Line folder of the Project Costing - Asset Real Time subject area.

Construction-in Progress dimension

The following screenshot is a sample report illustrating these new dimensions.

Sample CIP Report

The process "Import Oracle Fusion Data Extensions for Transactional Business Intelligence must be run prior to viewing the values for these dimensions.

• Related Help Topics: See Oracle Project Portfolio Management Cloud Creating and Administering Analytics and Reports for PPM: Configure Key Flexfields for Transactional Business Intelligence available on the Oracle Help Center .

To use this feature, you need one of the following roles:

Grants Management

Update the duration of the award budget periods if there are no transactions, when you receive a modification from your sponsor. The Grants Administrator can update the period when projects associated with the award are not enabled for budgetary control, and then re-establish the budget and view accurate budget, actual and commitment balances for the award and associated projects.

This feature works when budgetary controls aren’t enabled on the award or project budget. This is a user interface only change, REST/SOAP services have not been updated to allow for this update.

• Related Help:  Award and Award Project Financial Details in the Using Grants Management guide available on the Oracle Help Center .

The ability to create project spaces as a document library for projects will no longer be available in future versions of Oracle Project Portfolio Management Cloud. This removal of functionality includes the ability to create and access project spaces from both the Project Financial Management and Project Management work areas. You need to move your existing documents out of project spaces so that you can continue to access them.

This removal is effective as of Release 13, Update 20A and reflects a change across all of Oracle Cloud Applications using Oracle WebCenter.

Move your documents out of Project Spaces and into another location of your choosing in order to continue to access them.

Is there any configuration or way by which we can derive the Description based on the Asset Name?

In Manage Asset Line UI, Description field is showing as "All" by default. Is there any configuration or way by which we can derive the Description based on the Asset Name (for e.g.) instead of default value as "All". Below is the setting for Capitalization Options tab (capital Project Type)

Asset Line Grouping Method: All

Asset Cost Allocation Method: None (disabled)

Event processing method: None (disabled)

Use grouping method for supplier invoices: Checked

Export supplier invoices to Oracle Fusion Assets

  As new addition: Unchecked

  As merged additions: Checked

We have entered the Non Supplier Invoice Project Cost via Miscellaneous Expenditure. Please refer attached screen shot for details.

• Category 334

Howdy, Stranger!

To view full details, sign in.

Don't have an account? Click here to get started!