Oracle - R12 Oracle Process Manufacturing Cost

Management

Code: D77187
URL: View Online

In this course, students learn how to use the Oracle Process Manufacturing Cost Management application
to perform the following:

Value the cost of goods sold on shipments

Calculate inventory valuations

Assign values to inventory transactions

Calculate purchase price variance in work in progress

Revalue inventory for appreciation and depreciation

Monitor and simulate costs

Students also learn how to use the OPM Cost Management application to develop and maintain multiple
cost models, and how to use sub-ledger accounting.

Learn To :
Set up the OPM cost management application

Perform period-end cost processing

Run cost management reports

Understand cost management APIs

Use sub-ledger accounting and processes

Use standard costs, actual costs, and lot costs

Skills Gained
Understand the OPM Cost Management Application

Set Up OPM Cost Management

Use Standard Costs

Use Actual Costs

Use Lot Costs

Perform Period-end Cost Processing

Copy Costs

Run Cost Management Reports

Explain Cost Management APIs

 Use Sub-ledger Accounting and Processes

Who Can Benet

Business Analysts

End Users

Functional Implementer

Sales Consultants

Support Engineer

Technical Consultant

Prerequisites
R12 Inventory Fundamentals

Order Management

Course Details

Understanding OPM Cost Management

Using OPM Cost Management

Identifying the Cost Management Process Flow

Dening Cost Attributes

Dening Standard Costing

Dening Actual Costing

Dening Lot Costing

Performing Period-End Cost Processing

Setting Up Costing Part 1

Identifying the Cost Management Process Flow

Reviewing Costing Setup

Dening Cost Types

Dening a Standard Cost Type

Dening an Actual Cost Type

Setting Up Costing Part 2

Dening Cost Organization Associations

Dening Cost Factors

Dening Fiscal Policies

Dening Resources and Resource Costs

Describing Overheads

Dening Overhead Details

Dening Percentage Overhead Codes, Sources, and Targets

Dening Overhead Priorities and Variability's

Using Standard Costs Part 1
Describing the Cost Management Process Flow

Describing Standard Cost

Describing the Standard Cost Flow

Dening Ingredient Costs

Dening Routings and Formulas

Dening Resources and Resource Cost

Dening Rollup Source Organizations

Using Standard Costs Part 2

Running Cost Rollup

Deriving Product Cost

Viewing Product Costs

Viewing Formula Costs

Viewing Routing Costs

Viewing Overhead Costs

Describing Implementation Considerations

Using Actual Costs Part 1

Describing the Cost Management Process Flow

Describing Actual Cost and the Actual Cost Flow

Describing Transactions in Actual Cost

Ensuring Accurate Actual Cost

Setting Up Material Cost Component Classes and Expense Allocations

Using Allocation Denition Types

Describing Raw Material Cost

Describing Cost Calculation Types

Using Actual Costs Part 2

Describing Raw Material Cost Calculation Types

Describing Product Cost Calculation Types

Describing Overhead Costs

Describing Inventory Transfers

Running Actual Cost Process

Viewing Actual Costs

Adjusting Actual Costs

Describing Implementation Considerations

Using Lot Costs

Describing the Cost Management Process Flow

Describing Lot Cost

 Describing the Lot Cost Flow

Describing Transactions in Lot Cost

Setting Up a Lot Cost Type

Setting Up Lot Cost Items

Describing Lot Cost Calculations and Running the Lot Cost Process

Viewing Lot Cost History and Adjusting Lot Costs

Performing Period-End Cost Processing

Describing the Cost Management Process Flow

Describing the Standard Cost Period-End Processing Flow

Describing the Actual Cost Period-End Processing Flow

Describing the Lot Cost Period-End Processing

Copying Costs
Describing the Cost Management Process Flow

Describing Copy Costs

Copying Item Costs

Copying Fixed Overheads

Modifying Existing Costs

Removing Existing Costs Before and During Copying

Copying Resource Costs

Copying Overhead Percentages and Source Organizations

Running Cost Management Reports

Running and Interpreting the Item Cost Detail Report

Running and Interpreting the Actual Cost Adjustment Report

Running and Interpreting the GL Expense Allocation Denition Report

Running and Interpreting the GL Expense Allocation Detail Report

Running and Interpreting the Cost Organization Association Report

Running and Interpreting the GL Item Cost Detail Report

Running and Interpreting the OPM Lot Cost Detail, and Lot Cost History Reports

Running and Interpreting the Inventory Valuation Report

Using Cost Management APIs

Introducing Cost Management APIs

Identifying Cost Management APIs

Calling the API

Performing Public API Validations

Using the Item Cost API

Using the Resource Cost API

Using the Allocation Denition API

 Using the Overhead Details API

Understanding Sub-ledger Accounting and Processes

Describing Sub-ledger Accounting

Describing Application Accounting Denition Hierarchy

Using Multiple Sub-ledger Accounting Valuation for a Transaction

Describing Events

Describing Account Denitions

Running the OPM Accounting Pre-processor

Running Create Accounting

Transferring and Viewing GL Journal Entries

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