What's a commitment transaction?

A financial commitment is a future expenditure. In Oracle Fusion Project Financial Management, a commitment is a future cost transaction.

A commitment can be an outstanding purchase requisition or purchase order charged to a project, or received goods that aren't yet paid for. A purchase order is legally binding whereas a purchase requisition isn't.

A commitment can also be a project transaction that is invoiced but not transferred to Oracle Fusion Project Costing yet.