R12.2 Oracle Cost Management Fundamentals

  • Tuition USD $3,696
  • Reviews star_rate star_rate star_rate star_rate star_half 1110 Ratings
  • Course Code D104512GC10
  • Duration 4 days
  • Available Formats Virtual

This course will be applicable for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1 or 12.2.

In this course, students learn how to set up and use Oracle Cost Management in conjunction with Oracle Inventory, Oracle Bills Of Material, and Oracle Work In Process (WIP). Students also learn how to use Oracle Cost Management as a tool for inventory control, valuation, profit analysis, and reporting. Topics also include Subledger Accounting (SLA).

Learn To:
  • Simulate, analyze, and forecast product costs
  • Easily update and manage item unit costs
  • Define the inventory structure and cost controls that are important to your business
  • View item costs, inventory and work in process values, accounting entries, and gross margins
  • Automatically transfer inventory and work in process transactions to your general ledger
  • Value inventory and work in process on a perpetual basis

Skills Gained

  • Describe costing methods
  • Analyze transactions for WIP and Inventory costing at (standard and average)
  • Establish cost controls
  • Maintain standard costs on a periodic basis

Who Can Benefit

  • End User

Prerequisites

Suggested Prerequisite

  • R12.2 Oracle Advanced Supply Chain Planning Fundamentals Ed 2
  • R12 Oracle Advanced Supply Chain Planning Fundamentals

Required Prerequisite

  • R12.2 Oracle Inventory Management Fundamentals Ed 2
  • R12 Oracle Inventory Management Fundamentals
  • Basic accounting concepts
  • R12 Oracle Purchasing Fundamentals
  • R12 Oracle Bills of Material and Engineering Fundamentals

Course Details

Topics

  • Overview of Oracle Cost Management
    • Using Oracle Cost Management
    • Role of Cost Management
    • Understanding Costing Methods
    • Performing Inventory Control and Valuation
    • Analyzing Profits
    • Management Reporting
    • Budgeting and Planning
    • Oracle Cost Management Integration
  • Overview of Setup and Implementation of Oracle Cost Management
    • Setting Up in Other Applications
    • Setting Up in Oracle General Ledger
    • Setting Up in Oracle Work in Process
    • Setting Up in Oracle Inventory
    • Setting Up in Oracle Purchasing
    • Setting Up in Oracle Bills of Material
    • Setting Up in Oracle Cost Management
  • Setting Up in Oracle Cost Management
    • Setting Up Profile Options
    • Setting Up Cost Types
    • Copying Costs
    • Setting Up Activities and Activity Costs
    • Defining Project Cost Groups
    • Understanding Cost Elements
    • Setting Up Subelements
    • Understanding Landed Cost Management
  • Describing Cost Controls
    • Describing General Ledger Cost Controls
    • Inter-organization Transfers with Multiple Set of Books
    • Describing Organizational Cost Controls
    • Organization-Level Default and System Accounts
    • Defining Inter-organization Transfer Information
    • Describing Financial Cost Controls
    • Describing WIP Controls for Costing and WIP Parameters
    • Receiving Options and Controls
  • Item Costing
    • Selecting an Item-Cost Type Association
    • Defining Item Costs
    • Viewing Item Costs
    • Describing Elemental Costs
    • Phantom Costing
    • Mass Editing Item Accounts and Cost Information
    • Viewing Material and WIP Transaction Distributions
    • Resubmitting Transactions for Costing
  • Defining Resource and Overhead Costs
    • Defining BOM Parameters
    • Defining Resource Costs and Overheads
    • Defining Departments and Associating Resources
    • Associating Overheads With Departments and Resources
    • Defining Routings
    • Defining Bills of Material
  • Standard Costing
    • Overview of Standard Costing
    • Understanding the WIP Transactions Cost Flow
    • Setting Up Standard Costing
    • Setting Up Standard Costing for Manufacturing
    • Reporting Pending Adjustments
    • Running a Supply Chain Cost Rollup
    • Updating Standard Costs
    • Understanding Standard Cost Transactions
  • Average Costing
    • Overview of Average Costing
    • Setting Up Average Costing
    • Understanding Average Costing Flows
    • Updating Average Costs
    • Viewing Item Cost History Information
    • Understanding Average Cost Variances
    • Average Cost Transactions
  • Analyzing WIP Transactions
    • Overview of Analyzing WIP Transactions
    • Viewing Job and Schedule Values Online
    • Reporting and Analyzing WIP Values
  • Period Close for Inventory Organizations
    • Cost Accounting at Period Close Overview
    • Viewing Pending Transactions
    • Transfer Options
    • Closing the Period in Inventory
    • Posting to the General Ledger
    • Reconciling Perpetual Inventory to GL
    • Client Extensions
  • Periodic Costing
  • FIFO and LIFO Costing
  • Revenue and COGS Matching
  • Subledger Accounting
  • Describing T-Accounts for Inventory Transactions for Standard Costing
  • Describing T-Accounts for WIP Transactions for Standard Costing
  • Using Oracle Cost Management
  • Role of Cost Management
  • Understanding Costing Methods
  • Performing Inventory Control and Valuation
  • Analyzing Profits
  • Management Reporting
  • Budgeting and Planning
  • Oracle Cost Management Integration

Overview of Setup and Implementation of Oracle Cost Management

  • Setting Up in Other Applications
  • Setting Up in Oracle General Ledger
  • Setting Up in Oracle Work in Process
  • Setting Up in Oracle Inventory
  • Setting Up in Oracle Purchasing
  • Setting Up in Oracle Bills of Material
  • Setting Up in Oracle Cost Management

Setting Up in Oracle Cost Management

  • Setting Up Profile Options
  • Setting Up Cost Types
  • Copying Costs
  • Setting Up Activities and Activity Costs
  • Defining Project Cost Groups
  • Understanding Cost Elements
  • Setting Up Subelements
  • Understanding Landed Cost Management

Describing Cost Controls

  • Describing General Ledger Cost Controls
  • Inter-organization Transfers with Multiple Set of Books
  • Describing Organizational Cost Controls
  • Organization-Level Default and System Accounts
  • Defining Inter-organization Transfer Information
  • Describing Financial Cost Controls
  • Describing WIP Controls for Costing and WIP Parameters
  • Receiving Options and Controls

Item Costing

  • Selecting an Item-Cost Type Association
  • Defining Item Costs
  • Viewing Item Costs
  • Describing Elemental Costs
  • Phantom Costing
  • Mass Editing Item Accounts and Cost Information
  • Viewing Material and WIP Transaction Distributions
  • Resubmitting Transactions for Costing

Defining Resource and Overhead Costs

  • Defining BOM Parameters
  • Defining Resource Costs and Overheads
  • Defining Departments and Associating Resources
  • Associating Overheads With Departments and Resources
  • Defining Routings
  • Defining Bills of Material

Standard Costing

  • Overview of Standard Costing
  • Understanding the WIP Transactions Cost Flow
  • Setting Up Standard Costing
  • Setting Up Standard Costing for Manufacturing
  • Reporting Pending Adjustments
  • Running a Supply Chain Cost Rollup
  • Updating Standard Costs
  • Understanding Standard Cost Transactions

Average Costing

  • Overview of Average Costing
  • Setting Up Average Costing
  • Understanding Average Costing Flows
  • Updating Average Costs
  • Viewing Item Cost History Information
  • Understanding Average Cost Variances
  • Average Cost Transactions

Analyzing WIP Transactions

  • Overview of Analyzing WIP Transactions
  • Viewing Job and Schedule Values Online
  • Reporting and Analyzing WIP Values

Period Close for Inventory Organizations

  • Cost Accounting at Period Close Overview
  • Viewing Pending Transactions
  • Transfer Options
  • Closing the Period in Inventory
  • Posting to the General Ledger
  • Reconciling Perpetual Inventory to GL
  • Client Extensions

Periodic Costing

  • Major Features of Periodic Costing
  • Understanding Periodic Average Costing
  • Business Value of Periodic Average Costing
  • Understanding Periodic Incremental LIFO Costing
  • Business Value of Periodic Incremental LIFO Costing
  • Setting Up Periodic Costing
  • Associating Organization with an Organization Cost Group
  • Processing and Updating Periodic Costs

FIFO and LIFO Costing

  • Major Features of FIFO / LIFO Costing
  • Understanding Layer Cost Flows
  • Updating Layer Costs
  • Viewing Layer Item Costs
  • Understanding Layer Cost Variances
  • Layer Cost Transactions
  • Layer Cost Transactions in Manufacturing

Revenue and COGS Matching

  • Overview of Revenue / COGS Matching
  • Setting Up Revenue / COGS Matching
  • Revenue / COGS Recognition Methodology
  • COGS Recognition and Concurrent Processes
  • Supported Business Scenarios

Subledger Accounting

  • Overview of Subledger Accounting (SLA)
  • Standard Accounting Process
  • SLA Accounting Process
  • Subledger Accounting Profile Option
  • Defining Accounting Derivation Rules
  • Create Accounting Program-
  • Viewing Accounting and Accounting Events

Describing T-Accounts for Inventory Transactions for Standard Costing

  • Describing T-Accounts

Describing T-Accounts for WIP Transactions for Standard Costing

  • Describing T Accounts for WIP Transactions

When does class start/end?

Classes begin promptly at 9:00 am, and typically end at 5:00 pm.

Does the course schedule include a Lunchbreak?

Lunch is normally an hour long and begins at noon. Coffee, tea, hot chocolate and juice are available all day in the kitchen. Fruit, muffins and bagels are served each morning. There are numerous restaurants near each of our centers, and some popular ones are indicated on the Area Map in the Student Welcome Handbooks - these can be picked up in the lobby or requested from one of our ExitCertified staff.

How can someone reach me during class?

If someone should need to contact you while you are in class, please have them call the center telephone number and leave a message with the receptionist.

What languages are used to deliver training?

Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.

What does GTR stand for?

GTR stands for Guaranteed to Run; if you see a course with this status, it means this event is confirmed to run. View our GTR page to see our full list of Guaranteed to Run courses.

Does ExitCertified deliver group training?

Yes, we provide training for groups, individuals and private on sites. View our group training page for more information.

Does ExitCertified deliver group training?

Yes, we provide training for groups, individuals, and private on sites. View our group training page for more information.

ExitCertified education was extremely helpful for preparing me for the AWS certifications.

Very good course to get insights on spring framework. It would have been more helpful if reactive services were included in the course.

I ended up taking an iMVP class; I was originally skeptical, as other online classes have had issues, but ExitCertified puts a little more effort into this, including making sure you have a good headset and camera to keep the classes more interactive, and they also provide better back-office support to their trainers than other vendors. I do recommend the iMVP over the classroom.

Well structured, easy to understand exercises. Some are more complex and need more context in order to fully understand.

I really enjoy the subject matter presented in this course. The instructor was very well verse and presented the material in a easy to understand and professional way... Great job!

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  • Nov 16, 2020 Nov 19, 2020 (4 days)
    Location
    Virtual
    Language
    English
    Time
    07:00 AM 15:00 PM PST
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