R12 Oracle Process Manufacturing Cost Management - Self-Study Course

In this course, students learn how to use the Oracle Process Manufacturing Cost Management application to perform the following:

• Value the cost of goods sold on shipments
• Calculate inventory valuations
• Assign values to inventory transactions
• Calculate purchase price variance in work in progress
• Revalue inventory for appreciation and depreciation
• Monitor and simulate costs

Students also learn how to use the OPM Cost Management application to develop and maintain multiple cost models, and how to use sub-ledger accounting.

Learn To:

• Set up the OPM cost management application
• Perform period-end cost processing
• Run cost management reports
• Understand cost management APIs
• Use sub-ledger accounting and processes
• Use standard costs, actual costs, and lot costs

Audience

• Functional Implementer
• End Users
• Support Engineer
• Technical Consultant
• Sales Consultants
• Business Analysts

Course Topics Understanding OPM Cost Management

• Using OPM Cost Management
• Identifying the Cost Management Process Flow
• Defining Cost Attributes
• Defining Standard Costing
• Defining Actual Costing
• Defining Lot Costing
• Performing Period-End Cost Processing

Setting Up Costing – Part 1

• Identifying the Cost Management Process Flow
• Reviewing Costing Setup
• Defining Cost Types
• Defining a Standard Cost Type
• Defining an Actual Cost Type

Setting Up Costing – Part 2

• Defining Cost Organization Associations
• Defining Cost Factors
• Defining Fiscal Policies
• Defining Resources and Resource Costs
• Describing Overheads
• Defining Overhead Details
• Defining Percentage Overhead Codes, Sources, and Targets
• Defining Overhead Priorities and Variability's

Using Standard Costs – Part 1

• Describing the Cost Management Process Flow
• Describing Standard Cost
• Describing the Standard Cost Flow
• Defining Ingredient Costs
• Defining Routings and Formulas
• Defining Resources and Resource Cost
• Defining Rollup Source Organizations

Using Standard Costs – Part 2

• Running Cost Rollup
• Deriving Product Cost
• Viewing Product Costs
• Viewing Formula Costs
• Viewing Routing Costs
• Viewing Overhead Costs
• Describing Implementation Considerations

Using Actual Costs – Part 1

• Describing the Cost Management Process Flow
• Describing Actual Cost and the Actual Cost Flow
• Describing Transactions in Actual Cost
• Ensuring Accurate Actual Cost
• Setting Up Material Cost Component Classes and Expense Allocations
• Using Allocation Definition Types
• Describing Raw Material Cost
• Describing Cost Calculation Types

Using Actual Costs – Part 2

• Describing Raw Material Cost Calculation Types
• Describing Product Cost Calculation Types
• Describing Overhead Costs
• Describing Inventory Transfers
• Running Actual Cost Process
• Viewing Actual Costs
• Adjusting Actual Costs
• Describing Implementation Considerations

Using Lot Costs

• Describing the Cost Management Process Flow
• Describing Lot Cost
• Describing the Lot Cost Flow
• Describing Transactions in Lot Cost
• Setting Up a Lot Cost Type
• Setting Up Lot Cost Items
• Describing Lot Cost Calculations and Running the Lot Cost Process
• Viewing Lot Cost History and Adjusting Lot Costs

Performing Period-End Cost Processing

• Describing the Cost Management Process Flow
• Describing the Standard Cost Period-End Processing Flow
• Describing the Actual Cost Period-End Processing Flow
• Describing the Lot Cost Period-End Processing

Copying Costs

• Describing the Cost Management Process Flow
• Describing Copy Costs
• Copying Item Costs
• Copying Fixed Overheads
• Modifying Existing Costs
• Removing Existing Costs Before and During Copying
• Copying Resource Costs
• Copying Overhead Percentages and Source Organizations

Running Cost Management Reports

• Running and Interpreting the Item Cost Detail Report
• Running and Interpreting the Actual Cost Adjustment Report
• Running and Interpreting the GL Expense Allocation Definition Report
• Running and Interpreting the GL Expense Allocation Detail Report
• Running and Interpreting the Cost Organization Association Report
• Running and Interpreting the GL Item Cost Detail Report
• Running and Interpreting the OPM Lot Cost Detail, and Lot Cost History Reports
• Running and Interpreting the Inventory Valuation Report

Using Cost Management APIs

• Introducing Cost Management APIs
• Identifying Cost Management APIs
• Calling the API
• Performing Public API Validations
• Using the Item Cost API
• Using the Resource Cost API
• Using the Allocation Definition API
• Using the Overhead Details API

Understanding Sub-ledger Accounting and Processes

• Describing Sub-ledger Accounting
• Describing Application Accounting Definition Hierarchy
• Using Multiple Sub-ledger Accounting Valuation for a Transaction
• Describing Events
• Describing Account Definitions
• Running the OPM Accounting Pre-processor
• Running Create Accounting
• Transferring and Viewing GL Journal Entries

Course Objectives

• Understand the OPM Cost Management Application
• Set Up OPM Cost Management
• Use Standard Costs
• Use Actual Costs
• Use Lot Costs
• Perform Period-end Cost Processing
• Copy Costs
• Run Cost Management Reports
• Explain Cost Management APIs
• Use Sub-ledger Accounting and Processes