R12.2.9 Oracle Cost Management Fundamentals

Duration : 4 Days (32 Hours)

R12.2.9 Oracle Cost Management Fundamentals Course Overview:

The Oracle Cost Management R12.2.9 certification holds significant importance for finance and operations professionals. It substantiates proficiency in Oracle’s applications, centering on aspects such as cost configuration, control, and utilization of cost-related data. It encompasses a comprehensive grasp of Oracle Applications’ inventory framework, billing configuration, and techniques for allocating overheads. Across global industries, this certification serves as a benchmark for hiring finance and accounting experts, guaranteeing their adeptness in Oracle’s cost management tactics. This facilitates the optimization of inventory valuation, precise cost projection, control strategies, predictive cost evaluation, and holistic cost administration.

Intended Audience:

  • Professionals within finance, operations, supply chain, or IT departments, aiming to enhance their expertise in cost management.
  • Individuals seeking an in-depth understanding of Oracle’s cost management strategies and applications.
  • Oracle end-users engaged in cost control and management tasks, looking to elevate their proficiency.
  • Consultants specializing in ERP/Oracle systems, aiming to broaden their knowledge in cost management solutions.
  • Project managers accountable for implementing Oracle cost management practices, seeking to bolster their skill set in this area.

Learning Objectives of R12.2.9 Oracle Cost Management Fundamentals:

The key learning objectives of the R12.2.9 Oracle Cost Management Fundamentals course are structured to offer learners a comprehensive grasp of the cost management process and its integral components within the Oracle E-Business Suite. Participants will amass insights into aspects such as cost configuration, processing, and analysis functionalities intrinsic to Oracle Cost Management. Proficiency in assessing business choices through precise and consistent cost data will be fostered. The course aims to equip learners to proficiently oversee, monitor, and analyze costs linked to inventory items, thereby furnishing a foundation for well-informed pricing strategies and facilitating cost control. Additionally, participants will attain the capacity to seamlessly integrate and apply Oracle cost management principles within day-to-day business operations.

 Module 1: Overview of Oracle Cost Management

 Module 2: Using Oracle Cost Management

 Module 3: Role of Cost Management

 Module 4: Understanding Costing Methods

 Module 5: Performing Inventory Control and Valuation

 Module 6: Analyzing Profits

 Module 7: Management Reporting

 Module 8: Budgeting and Planning

 Module 9: Oracle Cost Management Integration

 Module 10: Overview of Setup and Implementation of Oracle Cost Management

 Module 11: Setting Up in Other Applications

 Module 12: Setting Up in Oracle General Ledger

 Module 13: Setting Up in Oracle Work in Process

 Module 14: Setting Up in Oracle Inventory

 Module 15: Setting Up in Oracle Purchasing

 Module 16: Setting Up in Oracle Bills of Material

 Module 17: Setting Up in Oracle Cost Management

 Module 18: Setting Up Profile Options

 Module 19: Setting Up Cost Types

 Module 20: Copying Costs

 Module 21: Setting Up Activities and Activity Costs

 Module 22: Defining Project Cost Groups

 Module 23: Understanding Cost Elements

 Module 24: Setting Up Subelements

 Module 25: Understanding Landed Cost Management

 Module 26: Describing Cost Controls

 Module 27: Describing General Ledger Cost Controls

 Module 28: Inter-organization Transfers with Multiple Set of Books

 Module 29: Describing Organizational Cost Controls

 Module 30: Organization-Level Default and System Accounts

 Module 31: Defining Inter-organization Transfer Information

 Module 32: Describing Financial Cost Controls

 Module 33: Describing WIP Controls for Costing and WIP Parameters

 Module 34: Receiving Options and Controls

 Module 35: Item Costing

 Module 36: Selecting an Item-Cost Type Association

 Module 37: Defining Item Costs

 Module 38: Viewing Item Costs

 Module 39: Describing Elemental Costs

 Module 40: Phantom Costing

 Module 41: Mass Editing Item Accounts and Cost Information

 Module 42: Viewing Material and WIP Transaction Distributions

 Module 43: Resubmitting Transactions for Costing

 Module 44: Defining Resource and Overhead Costs

 Module 45: Defining BOM Parameters

 Module 46: Defining Resource Costs and Overheads

 Module 47: Defining Departments and Associating Resources

 Module 48: Associating Overheads With Departments and Resources

 Module 49: Defining Routings

 Module 50: Defining Bills of Material

 Module 51: Standard Costing

 Module 52: Overview of Standard Costing

 Module 53: Understanding the WIP Transactions Cost Flow

 Module 54: Setting Up Standard Costing

 Module 55: Setting Up Standard Costing for Manufacturing

 Module 56: Reporting Pending Adjustments

 Module 57: Running a Supply Chain Cost Rollup

 Module 58: Updating Standard Costs

 Module 59: Understanding Standard Cost Transactions

 Module 60: Average Costing

 Module 61: Overview of Average Costing

 Module 62: Setting Up Average Costing

 Module 63: Understanding Average Costing Flows

 Module 64: Updating Average Cost

 Module 65: Viewing Item Cost History Information

 Module 66: Understanding Average Cost Variances

 Module 67: Average Cost Transactions

 Module 68: Analyzing WIP Transactions

 Module69: Overview of Analyzing WIP Transactions

 Module 70: Viewing Job and Schedule Values Online

 Module71: Reporting and Analyzing WIP Values

 Module 72: Period Close for Inventory Organizations

 Module 73: Cost Accounting at Period Close Overview

 Module 74: Viewing Pending Transactions

 Module 75: Transfer Options

 Module 76: Closing the Period in Inventory

 Module77: Posting to the General Ledger

 Module78: Reconciling Perpetual Inventory to GL

 Module 79: Client Extensions

 Module 80: Periodic Costing

 Module 81: FIFO and LIFO Costing

 Module 82: Revenue and COGS Matching

 Module 83: Subledger Accounting

 Module 84: Describing T-Accounts for Inventory Transactions for Standard Costing

 Module 85: Describing T-Accounts for WIP Transactions for Standard Costing

R12.2.9 Oracle Cost Management Fundamentals Course Prerequisites:

• Knowledge of Oracle Inventory
• Understanding of Oracle E-Business Suite
• Basic financial concepts comprehension
• Familiarity with Oracle Order Management and Purchasing
• Knowledge of Multi-org & Average costing
• Experience or training in Oracle R12 E-Business Suite Essentials
• Prior experience with Oracle R12.2 E-Business Suite Fundamentals.

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  • Interaction and collaboration
  • Networking opportunities
  • Real-time feedback
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  • Familiar environment
  • Confidentiality
  • Team building
  • Immediate application

Training Exclusives

This course comes with following benefits:

  • Practice Labs.
  • Get Trained by Certified Trainers.
  • Access to the recordings of your class sessions for 90 days.
  • Digital courseware
  • Experience 24*7 learner support.

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