OPM Cost Management Online Training

OPM Cost Management Online Training

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    Introduction

    The Oracle Process Manufacturing Cost Management application is used by cost accountants to capture and review the manufacturing costs incurred in their process manufacturing businesses. The Oracle Process Manufacturing Cost Management application is used by cost accountants to capture and review the manufacturing costs incurred in their process manufacturing businesses.

    Prerequisties

    • R12 Inventory Fundamentals
    • R12.x Oracle Inventory Management Fundamentals
    • Order Management

    Course Content

    1. 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

    2. Setting Up Costing

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

    3. Setting Up Costing

    • 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

    4. Using Standard Costs

    • 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

    5. Using Standard Costs

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

    6. Using Actual Costs

    • 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

    7. Using Actual Costs

    • 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

    8. 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

    9. 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

    10. 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

    11. 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

    12. 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

    13. 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

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    • 1 month, 1 week
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