Course Content

• 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 APIsIdentifying 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