oracle capital projects
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8/9/2019 Oracle Capital Projects
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Erin Moss
Sue CallisonSr. Sales
ConsultantsOracle Corporation
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Capital
Projects:Optimizing Asset
DevelopmentandCapitalization
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Objective
To understand the Oracle capital projectsfow
rom purchasing
to capitalization
to depreciation
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Overview of Capital
ProjectsCollect costs Place asset
in service
Place asset
in service
Enterpreapproved
expenditures
Enter
Reqs/
POs in
PO
Define projects
Comprehensive online inquiry and reporting
Identify
usiness
terms
and rules
!djustments
Interface
to Oracle
!ssets
Interfaceto Oracle
!ssets
Interface
Distriute
costs
Interface
Import to
"/#
Entersupplier
invoices
External
$rans%
Enter $ime
&aseline
udget
Enter
udget
$rans%
Import
'pload
Revie(
) adjust
asset
lines
Revie(
) adjust
asset
lines
"enerate
asset
lines
"enerate
asset
lines
Enter
project
Define
assets
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Purpose of Capital
ProjectsUse capital projects to collect constructionin
process (CIP) and expensed costs for assets
you arecreating.
These costs can include: a!or (Internal or Contract " #P$PO)
%&uip'ent (#P$PO) Inentory
Outside serices (#P$PO)
Internal serice"center recharges
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De!ne Capital Projects
Collect costs Place asset
in service
Place asset
in service
Enterpreapproved
expenditures
Enter
Reqs/
POs in
PO
Define projects
Comprehensive online inquiry and reporting
Identify
usiness
terms
and rules
!djustments
Interface
to Oracle
!ssets
Interfaceto Oracle
!ssets
Interface
Distriute
costs
Interface
Import to
"/#
Entersupplier
invoices
External
$rans%
Enter $ime
&aseline
udget
Enter
udget
$rans%
Import
'pload
Revie(
) adjust
asset
lines
Revie(
) adjust
asset
lines
"enerate
asset
lines
"enerate
asset
lines
Enter
project
Define
assets
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De!ne a Capital Project
Create a capital project for each assetor group of
assets that is !eing constructed.
Project setup de,nes:
-hich costs are capitalied
o* costs are su''aried to Oracle#ssets !y expenditure groupings and-/S
-hich costs are assigned to *hich
assets
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Asset #rouping
-hen assigning assets to projects or tas3syou *ill
choose one of the follo*ing :
Speci,c #ssets: Select this option toassociate assets *ith the project or tas3.
Co''on Costs: Select this option to
group projects or tas3s that capturecosts you *ant to allocate to 'ultipleassets.
Option to send Supplier Inoice 1etailsto Oracle #ssets (New in R11i)
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De!ne t"e Assets
Project A
$as*+ $as* , $as* -
$as* ,%+
$as* ,%+%+
$as* ,%,
$as* ,%,%+ $as* ,%,%,
!sset !
!sset ! !sset &
!sset C
Common Cost
$as* ,%+%,
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Capital Project Cost
CollectionCollect costs Place asset
in service
Place asset
in service
Enterpreapproved
expenditures
Enter
Reqs/
POs in
PO
Define projects
Comprehensive online inquiry and reporting
Identify
usiness
terms
and rules
!djustments
Interface
to Oracle
!ssets
Interfaceto Oracle
!ssets
Interface
Distriute
costs
Interface
Import to
"/#
Entersupplier
invoices
External
$rans%
Enter $ime
&aseline
udget
Enter
udget
$rans%
Import
'pload
Revie(
) adjust
asset
lines
Revie(
) adjust
asset
lines
"enerate
asset
lines
"enerate
asset
lines
Enter
project
Define
assets
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Project Cost CollectionAccountsAccounts
Pa$ablePa$able
ProjectsProjects
#eneral#eneral
%edger%edger
&i'es Assets&i'es Assets
(nternet E'penses(nternet E'penses
(nternet(nternet
ProcurementProcurement
(nternet(nternet
)ime)ime
Expense
Hours
Request
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Assets Placed in Service
Collect costs Place asset
in service
Place asset
in service
Enterpreapproved
expenditures
Enter
Reqs/
POs in
PO
Define projects
Comprehensive online inquiry and reporting
Identify
usiness
terms
and rules
!djustments
Interface
to Oracle
!ssets
Interfaceto Oracle
!ssets
Interface
Distriute
costs
Interface
Import to
"/#
Enter
supplier
invoices
External
$rans%
Enter $ime
&aseline
udget
Enter
udget
$rans%
Import
'pload
Revie(
) adjust
asset
lines
Revie(
) adjust
asset
lines
"enerate
asset
lines
"enerate
asset
lines
Enter
project
Define
assets
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*eview and Assign Asset
Details#sset transaction details are assigned tothe assets asde,ned in the project set up.
5eie* for accuracy9Split into 'ultiple assets9Change the asset9Change the description
9#ssign co''on costs to asset9#sset Client %xtension (New in R11i)
Oerride 1efault #sset #ssign'ent
#ssign Co''on Costs to an #sset
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Create Capital Assets
1e,ne capital assets in Oracle Projects+place the asset in serice and send theassociated costs as assets lines to Oracle
#ssets.
9Create the capital transactions9/egin depreciation
9onitor the asset life9Transfer and$or retire
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&alance .heet!ssets&illed !/R 'nilled !/R 0ixed assets
CIP
$otal !ssets #iailities
Equity
$otal #)E
Process &low
#egend#egend#egend#egend
Capitali1ed
asset
amount
Capitali1edasset
amount
Depreciation
amount
Depreciation
amount
PeriodicPeriodic
Event drivenEvent driven
Accounts
Projects.uledger
CIP2Eligile
for
capitali1ation3
Expenses24ot eligile
forcapitali1ation3
"eneral #edger
Income .tatementRevenue
ExpensesContract costs Overhead ")!
$otal Expenses
4et Profit/#oss
0ixed !ssets
.uledger
&alance&alance
.heet.heet
Income
.tatement
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Adjustments
;ou can adjust capital project expenditureite's associated *ith an asset that has!een placed in serice
9Split or transfer costs
95ecalculation of !urden
9Capitaliation
9#'ortied adjust'ents
95eerse Capitaliation
9#!andoning a CIP asset
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Oracle Projects CompleteSolution
Streamlines Complete ProjectLifecycle
Intelligence
People
5oney
Customers
6no(ledge
Projects
ProjectProject
!ccounting!ccounting
ProjectProject
&illing&illing
OpportunityOpportunity
5anagement5anagement
ContractContract
5anagement5anagement
ResourceResource
5anagement5anagement
ProjectProject
5anagement5anagement
ProjectProject
!dministration!dministration
ProjectProjectCollaorationCollaoration
IntelligenceIntelligence
&ased on a
Common
Repository for
ProjectsCustomersPeople
Documents0inancials
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Intelligence
IntelligenceIntelligence
5oney
Customers
6no(ledge
People
Projects
ProjectProject
!ccounting!ccounting
ProjectProject
&illing&illing
OpportunityOpportunity
5anagement5anagement
ContractContract
5anagement5anagement
ResourceResource
5anagement5anagement
ProjectProject
5anagement5anagement
ProjectProject
!dministration!dministration
ProjectProject
CollaorationCollaoration
RecruitingContingent #aor.*ills 5anagement )
Professional
DevelopmentEmployment Events
Compensation&enefits7R Intelligence
Document RepositoryContent 5anagementPulish ) .uscrie.earch EngineProfessional
Communities
5ar*eting#ead "enerationi.toreOpportunity 5anagement!ccount 5anagementCollaoration
Customer Intelligence
!ccounting$ravel 5anagement&illing ) CollectionsPurchasing ) Payales!ssetsProperty 5anagementCash 5anagement ) $reasury0inancial Intelligence
Oracle Projects CompleteSolution
Fully integrated with e!usinessSuite
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