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
