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EncartaLabs

Oracle Cost Management

( Duration: 4 Days )

This Oracle Cost Management training course will be applicable for customers who have implemented Oracle E-Business Suite. In this course, you will learn to set up and use Oracle Cost Management in conjunction with Oracle Inventory, Oracle Bills Of Material, and Oracle Work In Process (WIP). You will also learn to use Oracle Cost Management as a tool for inventory control, valuation, profit analysis, and reporting. Topics also include Subledger Accounting (SLA).

By attending Oracle Cost Management workshop, delegates will learn to:

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

Knowledge of:

  • Oracle Inventory Management Fundamentals
  • Basic accounting concepts
  • Oracle Purchasing Fundamentals
  • Oracle Bills of Material and Engineering Fundamentals

The Oracle Cost Management class is ideal for:

  • End Users

COURSE AGENDA

►

Day 1

  • 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
►

Day 2

  • 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
►

Day 3

  • 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
►

Day 4

  • 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

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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