Fundamentals of PowerPlan Fixed Assets and Projects 2022.2

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About this course

This course is for any users of the PowerPlan Fixed Assets, Projects, or Cost Repository who need to quickly get to an intermediate level of understanding. Anyone who has not had Fundamentals training in the past would gain something from this course. Attendees will see how transactions flow into the system, through work orders, into assets, depreciation and finally retirement. The functional structure of the system is discussed including Locations, Accounts, and the Unit Catalog. We finish up with a step by step discussion of the PowerPlan month end closing processes and advanced query tricks in the Cost Repository.

Topics:

  • PowerPlan system architecture
  • Base Table Structure
  • Project Management
  • Construction Work in Process (CWIP) Reporting & Querying
  • Asset Transactions
  • Depreciation
  • Charge Repository
  • Month End Close Processing

Objectives:

At the end of this course, you will be able to:

  • Describe the different modules of the PowerPlan Suite and how they interact with one another
  • Describe the following concepts as they apply to the PowerPlan system: Location, Account, and Unit Catalog
  • Explain how to close work orders and factors that impact closings
  • Explain how dollars flow through the system for book purposes
  • Describe each step of the PowerPlan month end close process as well as how they interact with one another
  • Demonstrate the ability to use reports and queries to review information in the system related to Work Orders, Assets, Depreciation, and Charges

Curriculum1299 min

  • Welcome
  • Introduction 1 min
  • PowerPlan Overview
  • PowerPlan Overview and Navigation 12 min
  • Configure Home Page - Short Cuts 14 min
  • Configure Home Page - Alerts Dashboard and Alerts 12 min
  • Configure Home Page - Approvals and User Comments 9 min
  • Configure Home Page - Reports and Queries 14 min
  • Leverage Online Help 12 min
  • PowerPlan Overview - Knowledge Check
  • Manage Base Tables
  • Base Tables Overview 15 min
  • Review Account Tables 12 min
  • Review Property Unit Catalog 1 min
  • Review Location Tables 21 min
  • Manage Base Tables - Knowledge Check
  • Projects and Work Orders
  • Project and Work Order Overview 28 min
  • Work Order Life Cycle - through Non-Unitization 20 min
  • Work Order Life Cycle - through Unitization 21 min
  • Manage Funding Project - Initiate Funding Project 10 min
  • Manage Funding Project - Maintain Funding Project Details 21 min
  • Manage Funding Project - Maintain Funding Project Justification 15 min
  • Manage Work Order - Initiate Work Order 10 min
  • Manage Work Order - Maintain Work Order Details 18 min
  • Manage Work Order - Maintain Work Order Justification 10 min
  • Maintain Work Order Estimates 22 min
  • Review and Approve Work Order 15 min
  • Manage Phase Work Order - Overview 10 min
  • Manage Phase Work Order - Creation 14 min
  • Manage Phase Work Order - Review 11 min
  • Copy and Paste Formatted list of Funding Projects, Work Orders, and Asset Numbers 11 min
  • Mass Import of Unit Estimates 18 min
  • Mass Update of Unit Estimates 17 min
  • Other Unit Estimate Improvements 21 min
  • Manage Work Order In Service-Overview, Review Estimates and Charges 15 min
  • Place Work Order in Service 8 min
  • Manage Work Order Completion-Overview, Review As Build and Charges 11 min
  • Process Work Order Completion 15 min
  • Projects and Work Orders - Knowledge Check
  • Manage CWIP and RWIP
  • CWIP and RWIP Overview and Charges 15 min
  • Capitalized Interest Overview 17 min
  • Capitalized Interest Tables 15 min
  • Capitalized Interest Query 10 min
  • Maintain Indirect Costs 18 min
  • CWIP and RWIP Reports 21 min
  • CWIP and RWIP Queries 19 min
  • Manage CWIP and RWIP - Knowledge Check
  • Auto Review for Close (ARC)
  • Review ARCs 19 min
  • Review Unitization Example 18 min
  • Auto 101 Error Message 18 min
  • Assign Manual Unitization Charges and Send Charges to CPR 22 min
  • Auto Review for Close - Knowledge Check
  • Unitization Concepts
  • Review Unitization Example 18 min
  • Auto 101 Error Message 18 min
  • Assign Manual Unitization Charges and Send Charges to CPR 22 min
  • Unitization Concepts - Knowledge Check
  • Manage Assets
  • Assets Overview and Continuing Property Record (CPR) 21 min
  • Review Asset Details 22 min
  • Asset Activity - Overviews and Transfers 27 min
  • Quantities and Asset Adjustments 18 min
  • Review Asset Transactions 20 min
  • Asset Retirements - Overview and Auto Retirements 21 min
  • FIFO, Curve, and Specific Retirements 21 min
  • Transaction Review and Reverse Retirements 16 min
  • Asset Reports 19 min
  • Asset Queries 20 min
  • Manage Assets - Knowledge Check
  • Manage Depreciation
  • Depreciation Overview and Groups 19 min
  • Depreciation Methods and Rates 21 min
  • Control Tree 18 min
  • Depreciation Activity 21 min
  • Review Depreciation Ledger 22 min
  • Depreciation Reports and Queries 18 min
  • Manage Depreciation - Knowledge Check
  • Manage Charge Repository
  • Charge Repository Overview 18 min
  • Estimate Based Derivations 20 min
  • Charge Repository Queries 21 min
  • CR Journal Overview and New Journal Entry 18 min
  • Maintain Journal Information and Send for Approval 16 min
  • Review Journal, Approve and Post 22 min
  • CR Allocations Overview and Maintenance 21 min
  • CR Allocations Execution and Results 19 min
  • Manage Charge Repository - Knowledge Check
  • Month End Close
  • Charge Repository Closing 8 min
  • Work Order Closing-Overview, Overheads, AFUDC and Accruals 20 min
  • Work Order Closing-Retirements, Auto Non-Unitized, Auto Unitized 16 min
  • Work Order Closing-Manage Pending Transactions and Release Journal Entries 18 min
  • CPR Closing-Overview and Initiation 12 min
  • CPR Closing-ARO Processing 12 min
  • CPR Closing-Depreciation, Release and Post Journal Entries, Close PowerPlan 11 min
  • Complete WO Control Closing and CR Closing 13 min
  • Month End Close - Knowledge Check

About this course

This course is for any users of the PowerPlan Fixed Assets, Projects, or Cost Repository who need to quickly get to an intermediate level of understanding. Anyone who has not had Fundamentals training in the past would gain something from this course. Attendees will see how transactions flow into the system, through work orders, into assets, depreciation and finally retirement. The functional structure of the system is discussed including Locations, Accounts, and the Unit Catalog. We finish up with a step by step discussion of the PowerPlan month end closing processes and advanced query tricks in the Cost Repository.

Topics:

  • PowerPlan system architecture
  • Base Table Structure
  • Project Management
  • Construction Work in Process (CWIP) Reporting & Querying
  • Asset Transactions
  • Depreciation
  • Charge Repository
  • Month End Close Processing

Objectives:

At the end of this course, you will be able to:

  • Describe the different modules of the PowerPlan Suite and how they interact with one another
  • Describe the following concepts as they apply to the PowerPlan system: Location, Account, and Unit Catalog
  • Explain how to close work orders and factors that impact closings
  • Explain how dollars flow through the system for book purposes
  • Describe each step of the PowerPlan month end close process as well as how they interact with one another
  • Demonstrate the ability to use reports and queries to review information in the system related to Work Orders, Assets, Depreciation, and Charges

Curriculum1299 min

  • Welcome
  • Introduction 1 min
  • PowerPlan Overview
  • PowerPlan Overview and Navigation 12 min
  • Configure Home Page - Short Cuts 14 min
  • Configure Home Page - Alerts Dashboard and Alerts 12 min
  • Configure Home Page - Approvals and User Comments 9 min
  • Configure Home Page - Reports and Queries 14 min
  • Leverage Online Help 12 min
  • PowerPlan Overview - Knowledge Check
  • Manage Base Tables
  • Base Tables Overview 15 min
  • Review Account Tables 12 min
  • Review Property Unit Catalog 1 min
  • Review Location Tables 21 min
  • Manage Base Tables - Knowledge Check
  • Projects and Work Orders
  • Project and Work Order Overview 28 min
  • Work Order Life Cycle - through Non-Unitization 20 min
  • Work Order Life Cycle - through Unitization 21 min
  • Manage Funding Project - Initiate Funding Project 10 min
  • Manage Funding Project - Maintain Funding Project Details 21 min
  • Manage Funding Project - Maintain Funding Project Justification 15 min
  • Manage Work Order - Initiate Work Order 10 min
  • Manage Work Order - Maintain Work Order Details 18 min
  • Manage Work Order - Maintain Work Order Justification 10 min
  • Maintain Work Order Estimates 22 min
  • Review and Approve Work Order 15 min
  • Manage Phase Work Order - Overview 10 min
  • Manage Phase Work Order - Creation 14 min
  • Manage Phase Work Order - Review 11 min
  • Copy and Paste Formatted list of Funding Projects, Work Orders, and Asset Numbers 11 min
  • Mass Import of Unit Estimates 18 min
  • Mass Update of Unit Estimates 17 min
  • Other Unit Estimate Improvements 21 min
  • Manage Work Order In Service-Overview, Review Estimates and Charges 15 min
  • Place Work Order in Service 8 min
  • Manage Work Order Completion-Overview, Review As Build and Charges 11 min
  • Process Work Order Completion 15 min
  • Projects and Work Orders - Knowledge Check
  • Manage CWIP and RWIP
  • CWIP and RWIP Overview and Charges 15 min
  • Capitalized Interest Overview 17 min
  • Capitalized Interest Tables 15 min
  • Capitalized Interest Query 10 min
  • Maintain Indirect Costs 18 min
  • CWIP and RWIP Reports 21 min
  • CWIP and RWIP Queries 19 min
  • Manage CWIP and RWIP - Knowledge Check
  • Auto Review for Close (ARC)
  • Review ARCs 19 min
  • Review Unitization Example 18 min
  • Auto 101 Error Message 18 min
  • Assign Manual Unitization Charges and Send Charges to CPR 22 min
  • Auto Review for Close - Knowledge Check
  • Unitization Concepts
  • Review Unitization Example 18 min
  • Auto 101 Error Message 18 min
  • Assign Manual Unitization Charges and Send Charges to CPR 22 min
  • Unitization Concepts - Knowledge Check
  • Manage Assets
  • Assets Overview and Continuing Property Record (CPR) 21 min
  • Review Asset Details 22 min
  • Asset Activity - Overviews and Transfers 27 min
  • Quantities and Asset Adjustments 18 min
  • Review Asset Transactions 20 min
  • Asset Retirements - Overview and Auto Retirements 21 min
  • FIFO, Curve, and Specific Retirements 21 min
  • Transaction Review and Reverse Retirements 16 min
  • Asset Reports 19 min
  • Asset Queries 20 min
  • Manage Assets - Knowledge Check
  • Manage Depreciation
  • Depreciation Overview and Groups 19 min
  • Depreciation Methods and Rates 21 min
  • Control Tree 18 min
  • Depreciation Activity 21 min
  • Review Depreciation Ledger 22 min
  • Depreciation Reports and Queries 18 min
  • Manage Depreciation - Knowledge Check
  • Manage Charge Repository
  • Charge Repository Overview 18 min
  • Estimate Based Derivations 20 min
  • Charge Repository Queries 21 min
  • CR Journal Overview and New Journal Entry 18 min
  • Maintain Journal Information and Send for Approval 16 min
  • Review Journal, Approve and Post 22 min
  • CR Allocations Overview and Maintenance 21 min
  • CR Allocations Execution and Results 19 min
  • Manage Charge Repository - Knowledge Check
  • Month End Close
  • Charge Repository Closing 8 min
  • Work Order Closing-Overview, Overheads, AFUDC and Accruals 20 min
  • Work Order Closing-Retirements, Auto Non-Unitized, Auto Unitized 16 min
  • Work Order Closing-Manage Pending Transactions and Release Journal Entries 18 min
  • CPR Closing-Overview and Initiation 12 min
  • CPR Closing-ARO Processing 12 min
  • CPR Closing-Depreciation, Release and Post Journal Entries, Close PowerPlan 11 min
  • Complete WO Control Closing and CR Closing 13 min
  • Month End Close - Knowledge Check