Explain The Cost Distribution Process In Project Costing?
Answers
Answer:
Overview of Project Costing
This chapter gives you an overview of project costing in Oracle Projects.
This chapter covers the following topics:
Overview of Costing
Calculating Costs
Distributing Labor Costs
Overview of Costing
Costing is the processing of expenditures to calculate their cost to each project and determine the GL accounts to which the costs will be posted. Costing is performed for the following types of expenditures:
Pre-approved expenditures. See: Overview of Expenditures.
Labor
Usages
Miscellaneous Transactions
Burden transactions. See: Overview of Burdening.
Expenditures submitted from Oracle Internet Expenses. See: Integrating Expense Reports with Oracle Payables and Oracle Internet Expenses.
Supplier Costs. See: Integrating with Oracle Purchasing and Oracle Payables.
Imported expenditures. See: Transaction Import, Oracle Projects APIs, Client Extensions, and Open Interfaces Reference.
Adjusted expenditures in Oracle Projects that need re-costing. See: Adjusting Expenditures.