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R12 Oracle Cost Management Fundamentals

R12 Oracle Cost Management Fundamentals

Now you can study at home by your self and
get certified.

These set teach you everything you need to know to become an Oracle R12 Certified Professional.

The tests are based directly from the information from these books

R12 Oracle Cost Management Fundamentals

What you will learn:

In this course, students learn how to set up and use Oracle Cost Management in conjunction with Oracle Inventory,Oracle Bills Of Material, and Oracle Work In Process (WIP). Students also learn how to use Oracle Cost Managementas a tool for inventory control, valuation, profit analysis, and reporting. Topics also include Subledger Accounting (SLA).

Learn To:

Simulate, analyze, and forecast product costs
Easily update and manage item unit costs
Define the inventory structure and cost controls that are important to your business
View item costs, inventory and work in process values, accounting entries, and gross margins
Automatically transfer inventory and work in process transactions to your general ledger
Value inventory and work in process on a perpetual basis

Course Objectives

Maintain standard costs on a periodic basis
Describe costing methods
Analyze transactions for WIP and Inventory costing at (standard and average)
Establish cost controls

Course Topics:

Cost Controls

Describing General Ledger Cost Controls
Describing Organizational Cost Controls
Describing Financial Cost Controls
Describing WIP Cost Controls

Cost Information

Defining Cost Types
Describing Cost Elements
Defining Item Costs
Defining Resource and Overhead Costs
Establishing and Updating Costs

Costing Methods

Using Inventory Standard Costing
Using Manufacturing Average Costing
Using Inventory Average Costing
Using Periodic Average Costing

Transaction Analysis

Accounting for WIP Transactions for Standard Costing
Accounting for WIP Transactions for Average Costing
Charging Direct Labor
Analyzing Inventory Transactions
Analyzing WIP Costing
Processing Period Close for Inventory Organizations

Subledger Accounting (SLA)

Describing Subledger Accounting for Cost Management
Describing Standard and SLA Accounting Processes
Setting Up Subledger Accounting
Transferring Journal Entries to General Ledger


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