Capture Expenditure Information in Project Costing for Work Order Transactions
You can capture the expenditure information for work order transactions in Project Costing. The Work in Process transactions are processed and accounted in Costing and then interfaced to Oracle Project Portfolio Management (PPM).
For work order material transactions, these costs are interfaced to PPM:
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Cost of the materials issued from and returned to the common inventory.
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Cost variance for the material issues and returns.
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All overheads attached to the product.
Difference, if any, between the estimated overheads at product completion and work order close.
Work Order Material Transaction
This table summarizes the accounting distribution that are created and interfaced to PPM for work order material transactions.
Event Type |
Accounting Line Type |
Transaction Type |
---|---|---|
Material Issue |
WIP Valuation |
Debit |
Material Return |
WIP Valuation |
Credit |
Product Completion |
Material Overhead Absorption |
Credit |
Scrap |
WIP Valuation |
Credit |
Scrap Return |
WIP Valuation |
Debit |
Maintenance Material Issue |
Maintenance Expense |
Debit |
Maintenance Material Return |
Maintenance Expense |
Credit |
WIP Negative Material Issue |
WIP Valuation |
Credit |
WIP Negative Material Return |
Material Overhead Account |
Debit |
Work Order Resource Transaction
This table summarizes the accounting distribution that are created and interfaced to PPM for work order resource transactions.
Event Type |
Accounting Line Type |
Transaction Type |
---|---|---|
Resource Charging |
WIP Valuation |
Debit |
Resource Charge Reversal |
WIP Valuation |
Credit |
Maintenance Resource Absorption |
Maintenance Expense |
Debit |
Maintenance Resource Reversal |
Maintenance Expense |
Credit |