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Which project class type can include revenue budgets?
Note:
* Allow Revenue Budget Entry. Indicates if you allow entry of revenue budget types. You may choose to not allow entry of revenue budgets for indirect or capital projects. You must enter a revenue budget for a contract project before it can accrue revenue and be billed.
You define assets for your project and assign them at the project or task level. What should be the value of "Project Asset Type" to generate asset lines?
Note:
* Project Asset Type
This field identifies whether an asset represents an Estimated or complete, As-Built capital asset, or a Retirement Adjustment asset.
* We have a Capital Projects, Every month end we want generate asset lines and send to FA as CIP asset lines againest the project asset.Once project is completed then all the Asset lines will capitalize in FA .
When we want to generate asset lines, we have to give the Date in Service and Project asset Type as 'Built'. after generating the asset line we cant change the Date in service in oracle projects
If we have given the Project Asset type as ' Estimated' then i cant generate asset lines.
* Project Asset Type
When you copy an asset, Oracle Projects copies the asset with the same project asset type. For estimated assets, you can optionally copy the asset as an as-built asset.
Which three types of People Resources does Oracle Projects support?
Note:
* People resources represent named persons or any grouping of named
persons (E) by attributes such as job (C), organization, or role (A), whose time (effort)
capacity is consumed to complete the project work. Example: Amy Marlin
What type of project will a company require to use Organization Forecasting?
Note:
* Compute Forecast Labor Revenue
This process calculates the potential revenue of labor expenditure items based on established bill rates and markups. The expenditure items that the process selects are billable labor expenditure items charged to contract projects that have not yet been processed by the Generate Draft Revenue process. The items do not have to be approved to be processed for forecast revenue.
A customer is billed using deliverable billing events, which are currently approved by the customer and the finance director before invoicing. There are often invoices awaiting the finance director's approval and release. The Finance director would like to use functionality that allows all invoices to be approved and released automatically. How can this be achieved?
The Automatic Invoice Approve/Release Extension allows you to release invoices automatically as part of the Generate Draft Invoice process.
Incorrect:
Not E:
Generating Revenue Accounting Events
After you generate and release the revenue, you run the concurrent program PRC: Generate Revenue Accounting Events. The concurrent program determines default unearned revenue and unbilled receivables accounts using AutoAccounting and generates accounting events for Oracle Subledger Accounting.
Note: If you set the profile option PA: Interface Unreleased Revenue to GL to yes, then Oracle Projects automatically releases any unreleased revenue when you run the concurrent program PRC: Generate Revenue Accounting Events.
