Oracle Cost management Fundamentals

R12 Oracle Cost management Fundamentals
ORACLE e-business suite Manufacturing
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
End Users
Course Objectives
Describe costing methods
Analyze transactions for WIP and Inventory costing at (standard and average)
Establish cost controls
Maintain standard costs on a periodic basis
Course Topics
Overview of Oracle Cost Management
Overview of Setup and Implementation of Oracle Cost Management
Setting Up in Oracle Cost Management
Describing Cost Controls
Item Costing
Defining Resource and Overhead Costs
Standard Costing
Average Costing
Analyzing WIP Transactions
Period Close for Inventory Organizations
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





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