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.

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Course Highlights

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Learn the basic concepts of Oracle Cost Management

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Understand the setup and configuration of the module

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Learn about cost accounting and cost distribution




Key Differentiators

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    Real-world Projects

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Skills You’ll Learn

#1

Understanding of Oracle Cost Management fundamentals

#2

Ability to configure and set up Oracle Cost Management

#3

Knowledge of cost accounting and cost distribution

#4

Hands-on experience with Oracle Cost Management

Training Options

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1-on-1 Training

USD 1,500 / INR 103,500
  • Option Item Access to live online classes
  • Option Item Flexible schedule including weekends
  • Option Item Hands-on exercises with virtual labs
  • Option Item Session recordings and learning courseware included
  • Option Item 24X7 learner support and assistance
  • Option Item Book a free demo before you commit!
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Corporate Training

On Request
  • Option Item Everything in 1-on-1 Training plus
  • Option Item Custom Curriculum
  • Option Item Extended access to virtual labs
  • Option Item Detailed reporting of every candidate
  • Option Item Projects and assessments
  • Option Item Consulting Support
  • Option Item Training aligned to business outcomes
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  • Reduce employee turnovers and associated costs, such as recruitment and onboarding expenses.
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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
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Description

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Target Audience:

  • Oracle E-Business Suite users
  • Business analysts
  • Cost accountants
  • Finance professionals
  • IT professionals
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Prerequisite:

  • Basic understanding of Oracle E-Business Suite
  • Knowledge of accounting principles
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Benefits of the course:

  • Hands-on experience with Oracle Cost Management
  • Practical examples and real-world scenarios
  • Learn from industry experts
  • Certification of completion
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Exam details to pass the course:

  • There is no exam for this course.
  • Participants will receive a certification of completion upon finishing the course.
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Certification path:

  • There are no certifications required to take this course.
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Career options:

  • Oracle Cost Management Consultant
  • Business Analyst
  • Finance Manager
  • Accounting Manager
  • IT Consultant

Why should you take this course from Skillzcafe:

Skillzcafe
Why should you take this course from Skillzcafe:
  • Bullet Icon Industry experts as trainers
  • Bullet Icon Flexible schedule
  • Bullet Icon Hands-on experience with Oracle Cost Management
  • Bullet Icon Practical examples and real-world scenarios
  • Bullet Icon 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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