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Oracle Cost Management

Course Overview


Oracle Cost Management

Course Content


Overview of Oracle Cost Management   

  • Using Oracle Cost Management
  • Role of Cost Management
  • Understanding Costing Methods
  • Performing Inventory Control and Valuation
  • AnalyzingProfits
  • 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
  • CopyingCosts
  • Setting Up Activities and Activity Costs
  • Defining Project Cost Groups
  • Understanding Cost Elements
  • Setting Up Sub-elements
  • 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
  • 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 Sub ledger Accounting (SLA)
  • Standard Accounting Process
  • LA Accounting Process
  • Sub ledger Accounting Profile Option
  • Defining Accounting Derivation Rules
  • Create Accounting Program-Viewing Accounting
  • 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

Customer Reviews


Thanks to Xpertised and the tutor who walked me through all the topics with Practical exposure which is helping me in my current project.
-Waseem

Course was quite helpful in terms of understanding of concepts and practicality. Its really a very friendly environment to learn. The timing were mutually chosen, as we both are working professional. I am quite satisfied with the course.
-Tanmoy

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