Basic Concepts of R12 Oracle Project Accounting.

Project: A project is a primary unit of work that can be broken down into one or more tasks.

Task: It is the small unit of work created under the project against which transaction can be created.

Note: we cannot create transaction/expenditure items directly on the project, hence it is mandatory for each project to have at least one task.

Events in Project Accounting:

Tasks

Customer&Contacts

Agreement&Funding.

Events(Performance Bonus,Wrtie-On)

Budget

Expendeture.

Key Members.

Trasanction Control

Oracle Projects consists of the following products:

Oracle Project Costing

Oracle Project Billing

Oracle Project Resource Management

Oracle Project Management

Oracle Project Collaboration

Oracle Daily Business Intelligence for Projects

Oracle Project Portfolio Analysis.

Note:Oracle Project Costing&Oracle Project Billing comes by default with software and other products are licence based and charged extra.