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OPM Cost Management training

OPM Cost Management Course Content

Understanding the OPM Cost Management
  • Using the OPM Cost Management
  • Identifying the Cost Management Process Flow
  • Defining Cost Attributes
  • Defining Standard Costing
  • Defining Actual Costing
  • Defining the 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 & Resource Costs
  • Describing Overheads
  • Defining Overhead Details
  • Defining Percentage Overhead Codes, Sources, & Targets
  • Defining Overhead Priorities & Variability
Using Standard Costs – Part 1
  • Describing the Cost Management Process Flow
  • Describing Standard Cost
  • Describing the Standard Cost Flow
  • Defining Ingredient Costs
  • Defining Routings & Formulas
  • Defining Resources & 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 & the Actual Cost Flow
  • Describing Transactions in Actual Cost
  • Ensuring Accurate Actual Cost
  • Setting Up Material Cost Component Classes & Expense Allocations
  • Using Allocation Definition Types
  • Describing Raw Material Cost
  • Describing Cost Calculation Types
Using the 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 the 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 & Running the Lot Cost Process
  • Viewing Lot Cost History & Adjusting Lot Costs
Performing the 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 & During Copying
  • Copying Resource Costs
  • Copying Overhead Percentages & Source Organizations
Running Cost Management Reports
  • Running & Interpreting the Item Cost Detail Report
  • Running & Interpreting the Actual Cost Adjustment Report
  • Running & Interpreting the GL Expense Allocation Definition Report
  • Running & Interpreting the GL Expense Allocation Detail Report
  • Running & Interpreting the Cost Organization Association Report
  • Running & Interpreting the GL Item Cost Detail Report
  • Running & Interpreting the OPM Lot Cost Detail, & Lot Cost History Reports
  • Running & Interpreting the Inventory Valuation Report
Using the 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 the Subledger Accounting & 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 & Viewing GL Journal Entries