Online self-learning courses offer autonomy, allowing individuals to learn at their own pace. They provide structured training materials with review exercises to enhance understanding. Utilizing multimedia resources like videos and presentations, learners actively engage with the content. while flexibility enables customization of study schedules. This fosters an environment conducive to effective learning and skill development, accommodating personal commitments.
GoLogica provides Oracle Project Accounting online training. Project managers and finance teams can obtain quick and comprehensive assistance from the Oracle Project Accounting (PA) module. The accessibility of task revenues, work breakdown sheets, payment responsibility, and overall project profitability has been enhanced by this module. The Oracle PA module is an essential tool for successfully managing complex tasks as it ensures that every financial detail is carefully monitored and analyzed.
The Oracle Project Accounting training course from GoLogica is designed to cover essential setup considerations fully. It guides customers through each phase of the implementation process, from initial expenses and accounting setups to actual costing methods. This course helps users understand how implementation decisions impact project accounting and management by highlighting the effects of different choices.
The Oracle PA module will be configured by the participants to meet the demands of their solids, providing accurate supervision and reporting of project costs, revenues, and budgets. Fundamental subjects covered in the course involve setting up and maintaining project budgets, managing work breakdown structures (WBS), and processing project billing and invoicing. In addition, it covers more complex subjects like project financial reporting, recognizing revenue, and expenditure capture and allocation.
The course provides hands-on experience in using the Oracle PA module, focusing on financial reports, project performance tracking, and accounting standards compliance, aiming to enhance project financial management and success.
Salary Trends:
According to Talent, The average salary of an Oracle Project Accounting professional typically ranges from $125k to $150k PA. It’s depending on factors such as experience, location, and specific job responsibilities.
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Oracle Project Accounting Curriculum
Features of Oracle Project Management(PJT)
Steps to define an Organization and Organization Hierarchy
Project setup implementation options
Currency implementation options
System implementation options
Steps to set Project Accounting (PA) and General Ledger (GL) periods
Steps to define a project role
Steps to define a project classification
Identify the steps to define a project status
Resource and Role Definition
Define different Project Types and identify the features
Defining Project Templates with Work Break Down Structure (WBS)
Uses of different Quick Entry options on a project template
Features of a project template
Sequence the steps for the business flow process of item lifecycle project execution
ORACLE PROJECT COSTING (PJC)
SETUPS FOR COSTING
Expenditure Types, Categories and Revenue Categories
Labor Cost Multipliers
Burden Cost Bases, Codes, Structure and Schedules
Defining Burden Structures and Schedules
Defining Budget Entry for Costing
Defining Budgets Types and Entry methods
Defining Resource list for Budgets
Defining Costing Related Project Information
Defining Transaction Controls
Defining Rate Schedules
Identify the features of Oracle Project Approval Workflow
Identify the features of Oracle Budget Approval Workflow
Features of Oracle Project Costing (PJC)
Features of Oracle Project Billing (PJB)
Defining Lookup sets
Defining Auto Accounting Rules
Assigning Auto Accounting Rules
Enter expenditures inside Oracle Projects and Process various cost distribution programs
Requisition/PO-PA Integration: Booking Purchase Orders and Receipts and Interface Receipts to Oracle Projects
I-Proc-PA Integration: Booking PO in I-Proc and interface to Oracle Projects
AP-PA Integration: Define AP Invoice and interface it to Oracle Projects
INV-PA Integration: Issue items to projects and interface cost to Oracle Projects
I-Exp to PA Integration: Define employee expenses and interface to Oracle Projects
Discuss various Adjustments to Expenses.
Performing Cost Distribution
Processing Cost Adjustments
Cost Allocation
Processing Cross charge
Overview of Borrowed and Lent Cross Charges
Identify the features of capital Projects and integration to Fixed Assets
Identify the features of common cost and specific cost
Define Assets and assign to Projects/Tasks
Generate Asset Lines and Interface to Fixed Assets
Capitalize assets from Fixed Assets
Describe the overall Project Billing
Discuss the key areas that are part of the Project Billing Process
Explain the activities involved with creating a Contract Project
Define a contract Project
Define Agreement Types
Discuss the use of agreements and the relationship between agreements and Projects
Define an agreement and fund a Project
Explain how to create a revenue budget
Baseline funding for a project
This is the body.What is Docker, Where Can I Ran Docker?
Docker and Containerization on Linux
Linux Kernel Features: cgroups and namespaces
The Docker-Linux Kernel Interfaces
Docker Containers vs Traditional Virtualization
Docker as Platform-as-a-Service
Docker Integration
Docker Services
Docker Application Container Public Repository
Competing Systems
Docker Command-line
Starting
Inspecting and Stopping Docker Containers
Summary
Describe the overall flow of accounting for revenue and Invoices
Explain the components of Auto Accounting
Identify the Auto Accounting Functions used during revenue and invoicing
Explain the accounting flow of Un Billed Receivables and Un Earned Revenue
Explain Fundamental Revenue Concepts
Generate Revenue, Approve and interface it to Oracle General Ledger
Explain the revenue generation Process for different distribution rules
Explain Fundamental Invoice concepts
Explain the use of customer billing retention on a contract Project
Generate an Invoice
approve and interface it to receivables
Explain the Invoice generation Process for different distribution rules.
Identify the setup in Oracle Receivable necessary for with Oracle Project Billing
Generating Adjustment and Credit invoices for existing invoices
Defining Transfer Price Schedules
Defining Cross Charges
Defining Provider and Receiver Controllers
Defining Intercompany Projects
Defining Intercompany Agreements
Process Inter-company/Project billing
Discuss the use of Project Status Inquiry (PSI)
Discuss Various PA related Reports
Identify the features of Project Management (PJT)
Define & explain the features of Budgets and Forecast
Define & explain the features of RBS
Define & explain the features of Planning Resource List
Define & explain the features of WBS & FBS
Creating and explaining the Projects in PJT
Identify the features of Program and Project
Define & explain the features of Control Item Types
Explain the features of Project Status Reporting
Explain the features of issue and Change Management
Identify the features of Expenditure Review, Billing Review and PSI
Explain the features of Work plan and Progress Management
Overview of Microsoft Projects Integration
Overview of Primavera Integration
The GoLogica certification is widely acknowledged, enhancing the credibility of your resume and opening doors to high-level positions in leading multinational corporations globally.
At the end of this course, you will receive a course completion certificate which certifies that you have successfully completed GoLogica training in Oracle Project Accounting technology.
You will get certified in Oracle Project Accounting by clearing the online examination with a minimum score of 70%.
Get Certification
Oracle Project Accounting Objectives
• Introduction to WTX
• Fundamental Integration Concepts & Tools
• Implementing Database Solutions with WTX
• Implementing XML Solutions with WTX
• Implementing HIPAA Solutions with WTX
• WTX, A Management Overview
• Upgrading To WTX Version 8.1
• Using the WTX Trading Manager
• Using the WTX Launcher Server
• Using the WTX Advanced Techniques
• Deploying & Managing Systems for Event Server (WTX)
• Anyone interested in learning about high availability and scalability solutions using Oracle.
• Project Manager
• Sales Consultants
• Functional Implementer
• Basic understanding of project management concepts: This includes familiarity with project lifecycles, work breakdown structures, scheduling, and budgeting.
• Basic knowledge of project accounting: This includes understanding how to track project costs, revenue, and profitability. An understanding of accounting principles like debits and credits would also be helpful.
The applications that make up the Oracle Projects suite cooperate to give a total undertaking venture administration arrangement. They give you an adaptable way to deal with characterizing and dealing with your tasks and the general population, timetables, expectations, and funds related with them.
In Oracle, a Project Accounting Analyst typically handles various tasks related to project financial management. This includes tasks such as tracking project costs, monitoring budgets, analyzing financial data, preparing reports, assisting in project billing and revenue recognition, ensuring compliance with accounting standards and company policies, and providing support for project managers and other stakeholders in managing project finances effectively.
The Project Accounting role involves managing the financial aspects of projects within an organization. This includes tracking project costs, monitoring budgets, analyzing financial data, ensuring accurate billing and revenue recognition, and maintaining compliance with accounting standards and company policies. Project accountants collaborate closely with project managers and other stakeholders to ensure that projects are financially viable and meet established goals.
Project accounting focuses on managing the finances of individual projects, tracking costs, and ensuring accurate billing and revenue recognition specific to each project. General accounting, on the other hand, deals with broader financial activities across the entire organization, such as recording transactions, preparing financial statements, and managing overall financial performance.
Oracle Project Accounting Training covers project financial management, budgeting, costing, and billing functionalities. It delves into project setup, resource management, and revenue recognition. Advanced topics may include project analytics, integration with other Oracle modules, and compliance with accounting standards.
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