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.