Projects Management » Program Cost Accounting

Program Cost Accounting

When the costs to multi-year, multi-organization engineer-to-order and make-to-order projects are collected as they are incurred, how does your company’s financial management team report project costs for a fiscal period? The GLOVIA G2 Program Cost Accounting ERP module enables you to view data from two different perspectives: costs by project, regardless of fiscal period – and costs by fiscal period for one or more projects.

Same Old Data — Whole New View

One consistent issue that financial managers raise is their expectation to view engineer-to-order or make-to-order project costs by fiscal period. However, ETO/MTO project accounting is driven by project start and end dates, not fiscal period. This GLOVIA G2 engineer-to-order, make-to-order ERP module now provides you with both views of the project data.

What is a Program Anyway?

The GLOVIA G2 “program” is an entity that resides at a higher level than a project. By allowing for costs to be reported to this higher-level entity, you are given the opportunity to identify costs from a global, multi-company, multi-year perspective.

Data Mining

Data mining is used to review the massive amounts of data that may exist for each ETO/MTO program. The ability to search, sum and report requested results of this data enables you to perform analysis of the same data from a variety of perspectives.

Data for Profitability Analysis and Cost Management

  • Budgets and their fiscal years
  • Current and future commitments
  • Actual labor hour quantities and costs
  • Actual material, outside processing, scrap, and adjustment costs

Costs and Commitments compared to Budgets

  • The original budget
  • The revised budget
  • The target budget
  • The estimate-to-complete budget

Project Budgets to Actuals

  • By labor and machine hours
  • By program currency
  • By cost as-of-date

Download the CrescentOne data sheet to learn more about implementing our GLOVIA G2 Program Cost Accounting ERP module at your company.


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