Cost Accrual Implementation Example
Oracle Projects provides an example implementation of cost accruals. The example includes billing extensions that create events to produce the appropriate accounting.
You can use the example with the provided extensions without modification. Your business requirements for cost accruals may be different from the requirements on which the example is based. If this is the case, you must implement your own cost accrual process and logic, using the example provided by Oracle Projects as a model. See: Implementing Your Own Cost Accrual Procedures and Extensions.
The implementation example illustrates how to perform the following activities required for cost accrual:
- Calculate cost accrual amounts based on the accrued revenue amounts and budgeted cost and revenue amounts. The example uses a billing extension to create events that produce the appropriate accounting.
- Define the appropriate setup data to support cost accrual calculation and the corresponding accounting entries.
- Initiate project closing accounting entries using a project status with a system status of Pending Close.
- Implement rules to ensure that all accounting entries are complete before a project status can be changed from one with a system status of Pending Close to one with a system status of Closed.
- Create columns in the Project Status Inquiry window to view the cost WIP and cost accrual amounts.
