R12.2 Oracle Cost Management Fundamentals Ed 1 Course Overview

R12.2 Oracle Cost Management Fundamentals Ed 1 Course Overview

The R12.2 Oracle Cost Management Fundamentals Ed 1 course is designed to equip learners with the ability to understand and utilize the Oracle Cost Management module effectively within the Oracle E-Business Suite. This comprehensive training provides an in-depth exploration of cost management concepts, system setup, and the integration of cost control with other Oracle applications.

Participants will learn about various costing methods, such as standard, average, FIFO, and LIFO costing, and how to perform inventory control, valuation, and profit analysis. They will also discover how to manage budgets, plan effectively, and produce management reports. The course covers the setup and implementation across different modules including General Ledger, Work in Process, Inventory, Purchasing, and Bills of Material.

By the end of the course, learners will have a solid understanding of cost management processes, enabling them to set up cost controls, define item and overhead costs, analyze work in process transactions, and handle period close activities. Skills acquired from this course will help in enhancing operational efficiency, improving cost accuracy, and providing better financial insight within an organization. The course is thus beneficial for professionals seeking to master the Oracle Cost Management module and contribute to their organization's financial and operational success.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

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  • Live Online Training (Duration : 32 Hours)
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  • Live Online Training (Duration : 32 Hours)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

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Course Prerequisites

To ensure a successful learning experience in the R12.2 Oracle Cost Management Fundamentals Ed 1 course, it is recommended that participants have the following minimum prerequisites:


  • Basic understanding of inventory management principles.
  • Familiarity with general accounting concepts.
  • Knowledge of Oracle Applications navigation and basic core functionality.
  • Experience with Oracle E-Business Suite, particularly Oracle Inventory, Oracle Purchasing, and Oracle General Ledger, is beneficial.
  • Understanding of the manufacturing process and related financial transactions, if applicable to your business context.

These prerequisites are intended to provide a foundation that will help you grasp the course material more effectively. However, our instructors are skilled at accommodating a range of experience levels and will strive to ensure that all participants can engage with the course content and achieve their learning objectives.


Target Audience for R12.2 Oracle Cost Management Fundamentals Ed 1

The R12.2 Oracle Cost Management Fundamentals Ed 1 course is designed for professionals involved in cost control, inventory management, and financial reporting.


Target audience for the course:


  • Cost Accountants
  • Financial Analysts
  • Inventory Managers
  • Production Planners
  • Operations Managers
  • Oracle EBS Financials Implementers
  • ERP Consultants specializing in manufacturing or finance
  • Business Analysts with a focus on manufacturing or supply chain
  • IT Professionals responsible for Oracle EBS setup and maintenance
  • Financial Controllers overseeing cost management processes
  • Supply Chain Analysts
  • Business Intelligence Professionals
  • Project Managers implementing Oracle EBS Cost Management


Learning Objectives - What you will Learn in this R12.2 Oracle Cost Management Fundamentals Ed 1?

Introduction to Course Learning Outcomes

Gain expertise in R12.2 Oracle Cost Management Fundamentals to effectively manage and analyze costs for better financial decisions and reporting within your organization.

Learning Objectives and Outcomes

  • Understand the role and functionalities of Oracle Cost Management in business operations.
  • Learn various costing methods and their application in inventory control and valuation.
  • Develop skills to analyze profits and perform management reporting for strategic decision making.
  • Master the setup and implementation of Oracle Cost Management across different modules like General Ledger, Inventory, and Purchasing.
  • Configure and manage cost types, activities, activity costs, and understand landed cost management.
  • Gain knowledge on controlling costs through General Ledger, organizational, and financial cost controls.
  • Learn to define resource and overhead costs, and associate them with departments and resources for accurate costing.
  • Understand standard costing, including setup, cost flow in WIP transactions, supply chain cost rollup, and updating standard costs.
  • Master average costing, including setup, cost updates, and variance analysis for inventory valuation.
  • Analyze Work in Process (WIP) transactions and comprehend the process of period close for inventory organizations.
  • Learn periodic costing, FIFO, LIFO, and revenue/COGS matching for accurate financial reporting.
  • Acquire the ability to describe T-Accounts for inventory and WIP transactions under standard costing.
  • Understand the framework and processes of Subledger Accounting (SLA) and how to define SLA rules and view accounting events.