R12.2 Oracle Cost Management Fundamentals Ed 1

Duration : 4 Days (32 Hours)

R12.2 Oracle Cost Management Fundamentals Ed 1 Course Overview:

The R12.2 Oracle Cost Management Fundamentals Ed 1 certification authenticates expertise in Oracle E-Business Suite’s cost management features, encompassing cost setup, elements, standard and average costing, and analysis. This certification optimizes cost control, informs precise cost-based choices, and empowers strategic planning through advanced predictive analysis and streamlined management. Proficiency in these fundamentals substantially enhances professionals’ prowess in Oracle’s cost management solutions.

Intended Audience:

  • Accounting professionals handling costs and inventory valuations.
  • Oracle E-Business Suite implementation consultants.
  • Individuals involved in designing, developing, or maintaining Oracle E-Business Suite applications.
  • Oracle project managers and functional implementers.
  • Experienced Oracle Financials users seeking advanced cost management skills.
  • Business analysts overseeing supply chains or manufacturing operations.
  • IT professionals engaged with Oracle E-Business Suite.

Learning Objectives of R12.2 Oracle Cost Management Fundamentals Ed 1:

The main learning objectives of the R12.2 Oracle Cost Management Fundamentals Ed 1 course encompass providing learners with a thorough grasp of Oracle R12.2 E-Business Suite, with a special emphasis on the Cost Management module. Participants will acquire proficiency in configuring and utilizing Oracle Cost Management alongside supply chain applications. Additional key goals involve comprehending various costing methods, establishing intercompany pricing, overseeing cost elements, and grasping overhead absorption. Learners will further develop competencies in managing average costing, assessing period-end process implications, and conducting what-if cost simulations.

 Module 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

 Module 2: 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

 Module 3: Setting Up in Oracle Cost Management

  • Setting Up Profile Options
  • Setting Up Cost Types
  • Copying Costs
  • Setting Up Activities and Activity Costs
  • Defining Project Cost Groups
  • Understanding Cost Elements
  • Setting Up Subelements
  • Understanding Landed Cost Management

 Module 4: 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

 Module 5: 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

 Module 6: 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

 Module 7: 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

 Module 8: 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

 Module 9: Analyzing WIP Transactions

  • Overview of Analyzing WIP Transactions
  • Viewing Job and Schedule Values Online
  • Reporting and Analyzing WIP Values

 Module 10: 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

 Module 11: 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

 Module 12: 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

 Module 13: FIFO and LIFO Costing

  • Overview of Revenue / COGS Matching
  • Setting Up Revenue / COGS Matching
  • Revenue / COGS Recognition Methodology
  • COGS Recognition and Concurrent Processes
  • Supported Business Scenarios

 Module 14: Subledger Accounting

  • Overview of Subledger Accounting (SLA)
  • Standard Accounting Process
  • SLA Accounting Process
  • Subledger Accounting Profile Option
  • Defining Accounting Derivation Rules
  • Create Accounting Program
  • Viewing Accounting and Accounting Events

 Module 15: Describing T-Accounts for Inventory Transactions for Standard Costing

  • Describing T-Accounts

 Module 16: Describing T-Accounts for WIP Transactions for Standard Costing

  • Describing T Accounts for WIP Transactions

R12.2 Oracle Cost Management Fundamentals Ed 1 Course Prerequisites:

  • Previous involvement with Oracle E-Business Suite R12.2
  • Familiarity with Oracle Bill of Materials and Engineering
  • Comprehension of fundamental inventory and manufacturing principles
  • Understanding of Oracle E-Business Suite R12 Financial Management
  • Proficiency in Oracle General Ledger
  • Adequate skills in Oracle sub-ledger applications.

Discover the perfect fit for your learning journey

Choose Learning Modality

Live Online

  • Convenience
  • Cost-effective
  • Self-paced learning
  • Scalability


  • Interaction and collaboration
  • Networking opportunities
  • Real-time feedback
  • Personal attention


  • 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.

Got more questions? We’re all ears and ready to assist!

Request More Details

Please enable JavaScript in your browser to complete this form.

Subscribe to our Newsletter

Please enable JavaScript in your browser to complete this form.