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 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
• 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