Jd Edwards Enterpriseone Job Cost Accounting Part–1

What you'll learn
JD Edwards EnterpriseOne Job Cost Accounting System Setups
Industries which use Job Cost Accounting
Create a Job Master records
Create Budgets for Jobs
Requirements
JD Edwards EnterpriseOne – Foundation (Functional)[Recommended]
Domain experience in Accounting and/or Finance-related functions (Preferred)
Knowledge of Project Management from accounting standpoint (Preferred)
Knowledge of JD Edwards EnterpriseOne General Accounting (Preferred)
Description
What is Job Costing?In accounting, job costing is a process that allows businesses to track the costs associated with individual tasks or jobs. There are three main components that make up the total 'cost' of a job, which we'll outline below.Job costing is an accounting tool used by businesses of all sizes. Although often associated with construction and manufacturing, this method can be applied to any business that commissions tasks or individual projects.It's also known as project-based accounting, describing the process of tracking associated costs for each project. The costs of a job are broken down in detail, based on factors like cost of labour and materials.JD Edwards EnterpriseOne Job Cost Accounting OverviewThe JD Edwards EnterpriseOne Job Cost system from Oracle, along with other JD Edwards EnterpriseOne systems, can assist you in managing projects and jobs, and monitoring the costs and revenues associated with them. You can use JD Edwards EnterpriseOne Job Cost to perform these tasks:Create and maintain cost code structures for all jobs.Establish job budgets.Set up time schedules for job tasks.Track and manage the costs and revenues associated with projects and jobs.Review and revise additional information associated with projects and jobs.Generate various reports showing the cost, revenues, and other details of projects and jobs.Calculate job progress at any time during the job.Calculate estimated final values associated with projects and jobs.Recognize and record profit or loss at any point in a job.Create draw reports on the costs that are eligible to be borrowed against a loan agreement.The JD Edwards EnterpriseOne Job Cost system has the flexibility to manage the jobs associated with a wide variety of businesses, including these business areas:MiningUtilitiesEngineering projectsMedia productionGeneral contractingManufacturingSelf-constructed assetsProperty development and home buildingHeavy equipment and highway contractingIn addition, you can customize the JD Edwards EnterpriseOne Job Cost system to the specific business needs by completing these tasks:Setting up unique cost code structures for different jobs.Integrating industry specific terminology into forms and reports.Selecting from various computation methods when calculating projected final values.The JD Edwards EnterpriseOne Job Cost system enables you to manage the projects and jobs. For example, the financial features enable you to monitor the costs and revenues associated with the job. System features include:Final projectionsProfit recognitionJob status inquiryAudit trail managementJob budget revisionCost analysisDraw processingReport generationProject status inquiry (Release 9.2 Update)
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: Business Process Overview
Lecture 2 Business Process Overview & Application Integration
Section 3: Setting Up Job Cost System in JD Edwards EnterpriseOne
Lecture 3 Setting Up Job Cost System
Section 4: Creating & Managing Job Master and Setting Up Initial Parameters
Lecture 4 Creating Job Master Record
Lecture 5 Setting Up Code Structures
Lecture 6 Budgeting for Jobs
Accounting Professionals,Project Accounting Professionals,ERP Consultants,Financial Auditors,Chartered Accountants,Tax Consultants,Cost Accountants,JD Edwards Functional Consultants,ERP Software Implementers,ERP Software Integrators
Homepage

https://www.udemy.com/course/jd-edwards-job-cost-accounting-part-1/