What are the prerequsites for costing transactions?

Question Posted / malli

2 Answers
3898 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What are the prerequsites for costing transactions?..

Answer / jagannath

For Costing Labour Time in Oracle Project Costing you will need to make sure that following setup is done.
1.
You have defined Labour Cost Rate Schedule for the Organization / Operating Unit ( cost rate schedule can be defined at various level of the organization Hierarchy )

2.
You have defined cost rates for each of the Job that is assigned to Employee Assignment. ( I am assuming you are defining cost rate for Job).
It is important that you have got Job associated with employees on the cost rate schedule.
3.
For the Cost rate defined above, you have associated Organization and Cost Rate schedule in Organization Labour Costing Rule.

4.
If you are doing burdening, you need to define burden schedule and all associated setup for Burden schedule ( like, burden cost code, Burden cost base, burden structure ...etc ) and burden schedule should be compiled

Is This Answer Correct ?

0 Yes

0 No

What are the prerequsites for costing transactions?..

Answer / veen44

Depends on the Costing transaction that you are going to make. Also depends upon the Accounting generation as to where is it going to take place(either in Project Costing or respective subledgers).
Answer 1 is specific and correct to a point when you are decided where the Costing transaction is going to take place.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Oracle Apps AllOther Interview Questions

What are the main profile options relating to organization setup and what are they used for?

0 Answers

How can I setup a child org to be its own costing organization?

0 Answers

Differentiate apps schema from other schemas?

0 Answers

Define uses of key flexfield ?