Program Cost Accounting

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