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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