24 Hrs
2008+ Enrollments
R12.x Oracle Cost Management Fundamentals
The R12.x Oracle Cost Management Fundamentals course is ideal for professionals who want to learn about the fundamentals of Oracle Cost Management. The course provides an overview of the basic concepts of cost accounting, setup, and cost distribution. Participants will learn about the setup and configuration of the Oracle Cost Management module, cost accounting, and cost distribution. The course also covers the process of implementing and maintaining the Oracle Cost Management module.
R12.x Oracle Cost Management Fundamentals
Overview of Course
Our R12.x Oracle Cost Management Fundamentals course is designed to help professionals understand the basic concepts of Oracle Cost Management. The course covers topics like setup, cost accounting, and cost distribution, among others.
Course Highlights
Learn the basic concepts of Oracle Cost Management
Understand the setup and configuration of the module
Learn about cost accounting and cost distribution
Key Differentiators
Personalized Learning with Custom Curriculum
Training curriculum to meet the unique needs of each individual
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Trusted by over 100+ Fortune 500 Companies
We help organizations deliver right outcomes by training talent
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Flexible Schedule & Delivery
Choose between virtual/offline with Weekend options
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World Class Learning Infrastructure
Our learning platform provides leading virtual training labs & instances
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Enterprise Grade Data Protection
Security & privacy are an integral part of our training ethos
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Real-world Projects
We work with experts to curate real business scenarios as training projects
Skills You’ll Learn
Understanding of Oracle Cost Management fundamentals
Ability to configure and set up Oracle Cost Management
Knowledge of cost accounting and cost distribution
Hands-on experience with Oracle Cost Management
Training Options
1-on-1 Training
Access to live online classes- Flexible schedule including weekends
- Hands-on exercises with virtual labs
- Session recordings and learning courseware included
- 24X7 learner support and assistance
- Book a free demo before you commit!
Corporate Training
- Everything in 1-on-1 Training plus
- Custom Curriculum
- Extended access to virtual labs
- Detailed reporting of every candidate
- Projects and assessments
- Consulting Support
- Training aligned to business outcomes
Unlock Organizational Success through Effective Corporate Training: Enhance Employee Skills and Adaptability- Choose customized training to address specific business challenges and goals, which leads to better outcomes and success.
- Keep employees up-to-date with changing industry trends and advancements.
- Adapt to new technologies & processes and increase efficiency and profitability.
- Improve employee morale, job satisfaction, and retention rates.
- Reduce employee turnovers and associated costs, such as recruitment and onboarding expenses.
- Obtain long-term organizational growth and success.
Course Reviews
Curriculum
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- Overview of Analyzing WIP Transactions
- Viewing Job and Schedule Values Online
- Reporting and Analyzing WIP Values
- 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
- 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
- Setting Up Periodic Costing
- Associating Organization with an Organization Cost Group
- Processing and Updating Periodic Costs
- 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
- Overview of Revenue / COGS Matching
- Setting Up Revenue / COGS Matching
- Revenue / COGS Recognition Methodology
- COGS Recognition and Concurrent Processes
- Supported Business Scenarios
- 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
- For standard costing
- Describing T-Accounts
- For standard costing
- Describing T Accounts for WIP Transactions
Meet the instructor and learn about the course content and teaching style.- Make informed decisions about whether to enroll in the course or not.
- Get a perspective with a glimpse of what the learning process entails.
Description
Target Audience:
- Oracle E-Business Suite users
- Business analysts
- Cost accountants
- Finance professionals
- IT professionals
Prerequisite:
- Basic understanding of Oracle E-Business Suite
- Knowledge of accounting principles
Benefits of the course:
- Hands-on experience with Oracle Cost Management
- Practical examples and real-world scenarios
- Learn from industry experts
- Certification of completion
Exam details to pass the course:
- There is no exam for this course.
- Participants will receive a certification of completion upon finishing the course.
Certification path:
- There are no certifications required to take this course.
Career options:
- Oracle Cost Management Consultant
- Business Analyst
- Finance Manager
- Accounting Manager
- IT Consultant
Why should you take this course from Skillzcafe:
Industry experts as trainers- Flexible schedule
- Hands-on experience with Oracle Cost Management
- Practical examples and real-world scenarios
- Certification of completion
FAQs
Basic understanding of Oracle E-Business Suite and knowledge of accounting principles is required.
No, there are no certifications required to take this course.
Participants can pursue a career as an Oracle Cost Management Consultant, Business Analyst, Finance Manager, Accounting Manager, or IT Consultant.
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