R12.2 Oracle Project Billing Fundamentals
Duration : 3 Days (24 Hours)
R12.2 Oracle Project Billing Fundamentals Course Overview:
The R12.2 Oracle Project Billing Fundamentals Certification signifies a specialized expertise and skillset, serving as a standard for proficiency in Oracle Project Billing—a comprehensive, integrated suite designed for complete project cost management throughout its lifecycle. This certification demonstrates a deep comprehension of the billing functionalities embedded within Oracle’s R12.2 E-business suite, facilitating adept management of project receivables. Certified professionals are instrumental in effectively generating customer invoices, recognizing revenue, gauging project profitability, and streamlining project-based accounting processes. Industries spanning IT, consulting, manufacturing, and infrastructure find substantial value in this certification, as it equips experts to deliver precise and timely billing information, thereby augmenting cash flow and enhancing customer service quality.
Intended Audience:
• Project Billing Managers and Specialists
• Oracle Project Suite Professionals
• IT Professionals working with Oracle ERP
• Finance Managers working with Oracle Software
• Business Analysts specializing in Project Management
• Oracle Database Administrators
• Accounts Receivable Managers
• Financial Controllers integrating systems with Oracle
Learning Objectives of R12.2 Oracle Project Billing Fundamentals:
The core objectives of the R12.2 Oracle Project Billing Fundamentals course revolve around furnishing participants with an all-encompassing grasp of the Oracle Project Billing module. By course completion, learners will exhibit enhanced proficiency in efficiently managing project contracts, budgets, and billing procedures. Competence will be cultivated in tasks such as structuring project and task frameworks, configuring billing events and streamlining invoice processing, as well as adeptly overseeing diverse forms of project funding. A comprehensive understanding of project performance analysis through Oracle BI reporting functionalities will also be developed. Moreover, participants will acquire the capability to navigate client and intercompany billing intricacies, grasp the nuances of revenue recognition procedures, and adeptly troubleshoot prevalent issues within the billing cycle. Ultimately, the course aims to empower learners with the requisite skills to achieve streamlined and effective project contract management, billing processes, and project financial analysis.
Module 1: Overview of Oracle Project Billing
- Contract Projects
- Accounting transactions
- Agreements and Funding
- Multicurrency Billing
- Project Revenue
- Invoicing
- Retention billing
- Integration with Oracle Project Contracts
Module 2: Oracle Projects Integration with Other Oracle Applications
- Integration with Other Oracle Applications
Module 3: Ledgers and Currencies
- Overview for the Purpose of Oracle Applications Ledger
- Chart of Accounts influence for AutoAccounting
- Flexfield Qualifiers and Dynamic Inserts
- Projects integration with subledger accounting
- Accounting Calendar
- Reporting currencies
- Subledger Accounting Methods
Module 4: Organizations
- Oracle HRMS Integration and Organizations
- Usage of Employees and Organizations in Oracle Projects
- Organization hierarchies
- Organization Classifications
Module 5: Periods and Calendars
- Overview of Periods and Calendars
- Implementation and Use of Calendars
- Defining PA Periods and Statuses
- Setting the PA reporting period
Module 6: Implementation Options
- Implementation Options by Operating Unit
Module 7: People Resources
- People Resources Overview
- Jobs, jobs levels, groups, competencies
- Employees
- Contingent workers
- External team members
Module 8: Defining a contract project
- Project classes and templates
- Project Classes and Project Types
- Billing setup
- Customers
- Currency Options
- Billability and Work Types
- Rates, Rate Schedules, Rate Precedence, and Rate Overrides
- Retention level and terms
Module 9: Agreements and Funding
- Project Funding
- Hard limits
- Agreements and Customers
- Multicurrency Billing
- Payment Terms
- Advance Payments
- Allocating Funds, Funding Levels
- Creating Baseline Budgets
Module 10: Generating revenue
- Revenue Accrual methods
- Hard limit processing
- Revenue events
- Generating revenue
- Revenue in Foreign Currency
- Create accounting
- Reviewing and Releasing Revenue
- Adjusting revenue
Module 11: Generating invoices
- Invoice concepts and methods
- Event billing
- Customer billing retention
- Billing Implementation Options
- Invoice Tax
- Interfacing Invoices to Receivables
- Receivables and SLA Accounting
- Adjustments
Module 12: Accounting for Revenue and Invoices
- AutoAccounting
- Subledger accounting
- Unbilled Receivables and Unearned Revenue
- Realized gains and losses
- Unbilled retention
- Federal Budgetary Accounting
Module 13: Interproject Billing
- Definitions and setups
- Internal Suppliers and Customers
- Provider and Receiver Controls
- Internal Billing Implementation Options
- Billing extensions
- Adjustments
Module 14: Summary
- Contract Projects
- Customer Relationships
- Agreements and Funding
- Revenue Accrual
- Muticurrency Billing
- Invoicing
- Accounting
- Interproject Billing
R12.2 Oracle Project Billing Fundamentals Course Prerequisites:
• Basic knowledge of Oracle E-Business Suite
• Familiarity with Oracle Project Costing
• Understanding of the fundamentals of project management
• Prior experience with Oracle Project Portfolio Analysis
• Knowledge of Oracle architecture and navigation
• Familiarity with the technology used in R12.2
Discover the perfect fit for your learning journey
Choose Learning Modality
Live Online
- Convenience
- Cost-effective
- Self-paced learning
- Scalability
Classroom
- Interaction and collaboration
- Networking opportunities
- Real-time feedback
- Personal attention
Onsite
- Familiar environment
- Confidentiality
- Team building
- Immediate application
Training Exclusives
This course comes with following benefits:
- Practice Labs.
- Get Trained by Certified Trainers.
- Access to the recordings of your class sessions for 90 days.
- Digital courseware
- Experience 24*7 learner support.
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