11i Implement and Use Cost Management
Starting dates and places
Description
In this course, participants will be able to set up and use Oracle Cost Management in conjunction with Oracle Inventory, Oracle Bills Of Material, and Oracle Work In Process (WIP). Additionally, participants will learn how to use Oracle Cost Management as a tool for inventory control, valuation, profit analysis, and reporting.
Audience
Course Topics Cost Controls
- Describing General Ledger Cost Controls
- Describing Organizational Cost Controls
- Describing Financial Cost Controls
- Describing WIP Cost Controls
- Defining Cost Types
- Describing Cost Elements
- Defining Item Costs
- Defining Resource and Overhead Costs
- Establishing and Updating Costs
- Inve…
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In this course, participants will be able to set up and use Oracle Cost Management in conjunction with Oracle Inventory, Oracle Bills Of Material, and Oracle Work In Process (WIP). Additionally, participants will learn how to use Oracle Cost Management as a tool for inventory control, valuation, profit analysis, and reporting.
Audience
Course Topics Cost Controls
- Describing General Ledger Cost Controls
- Describing Organizational Cost Controls
- Describing Financial Cost Controls
- Describing WIP Cost Controls
- Defining Cost Types
- Describing Cost Elements
- Defining Item Costs
- Defining Resource and Overhead Costs
- Establishing and Updating Costs
- Inventory Standard Costing
- Manufacturing Average Costing
- Inventory Average Costing
- Periodic Average Costing
- Accounting for WIP Transactions for Standard Costing
- Accounting for WIP Transactions for Average Costing
- Charging Direct Labor
- Analyzing Inventory Transactions
- Analyzing WIP Costing
- Period Close for Inventory Organizations
Course Objectives
- Establish cost controls
- Maintain standard costs on a periodic basis
- Describe costing methods
- Analyze transactions for WIP and Inventory costing at (standard and average)
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