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R12.2 Oracle Cost Management Fundamentals Course Overview

R12.2 Oracle Cost Management Fundamentals Course Overview

The R12.2 Oracle Cost Management Fundamentals course is designed to provide learners with a comprehensive understanding of Oracle Cost Management, an integrated solution within the Oracle E-Business Suite. This course covers a variety of topics that are essential for managing and controlling costs effectively within an organization.

Learners will explore the role of Cost Management, delve into various costing methods, and learn about inventory control and valuation. Additionally, the course covers how to perform management reporting, budgeting, and planning, as well as how to analyze profits. The integration of Oracle Cost Management with other applications is also examined, ensuring a holistic approach to cost management.

The course is structured into modules that guide students through the setup and implementation of Oracle Cost Management, including setting up profile options, cost types, and understanding landed cost management. Further, it provides practical knowledge on item costing, resource and overhead costs, standard costing, and average costing, as well as specialized topics like period close, periodic costing, FIFO and LIFO costing, revenue and COGS matching, subledger accounting, and T-Accounts for inventory and WIP transactions for standard costing.

By the end of the course, learners will be equipped with the skills necessary to manage costs effectively, ensuring accurate cost data, which is crucial for making informed business decisions.

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

Certainly! Here are the minimum required prerequisites for successfully undertaking training in the R12.2 Oracle Cost Management Fundamentals course:


  • Basic understanding of accounting principles, including general ledger, accounts payable, and accounts receivable.
  • Knowledge of inventory management concepts and the flow of inventory transactions.
  • Familiarity with the fundamentals of product costing and cost accounting.
  • Experience with Oracle E-Business Suite navigation and core functionalities.
  • Prior exposure to Oracle Inventory, Oracle Purchasing, and Oracle Order Management is advantageous.

These prerequisites are designed to ensure that learners have a foundational understanding of the relevant concepts and Oracle applications that will be discussed in more detail throughout the course. With these minimum requirements, students can effectively engage with the course material and gain a comprehensive understanding of Oracle Cost Management.


Target Audience for R12.2 Oracle Cost Management Fundamentals

R12.2 Oracle Cost Management Fundamentals is a detailed course designed for professionals managing costs within the Oracle ecosystem.


  • Financial Analysts
  • Cost Accountants
  • Inventory Managers
  • Supply Chain Analysts
  • Operations Managers
  • IT Professionals working on Oracle ERP systems
  • Oracle Application Implementers
  • Project Managers with a focus on cost management
  • Business Analysts specializing in cost management
  • ERP Consultants and Strategists
  • Production Planners and Controllers
  • Oracle Database Administrators (DBAs) involved in cost-related modules


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

  1. Introduction to Course Learning Outcomes: Gain in-depth knowledge of Oracle Cost Management R12.2, mastering cost control, inventory valuation, budgeting, and understanding various costing methods and their integration.

  2. Learning Objectives and Outcomes:

  • Understand the role and functionality of Oracle Cost Management within the Oracle E-Business Suite.
  • Learn different costing methods, including Standard, Average, FIFO, LIFO, and their appropriate applications.
  • Configure and implement cost management setups, including setting up profile options, cost types, and activities.
  • Perform inventory control and valuation to maintain accurate financial records.
  • Analyze profits through management reporting and understand the impact of costing on profitability.
  • Develop skills in budgeting and planning within the Oracle Cost Management system.
  • Understand the integration of cost management with other Oracle applications like General Ledger, Inventory, Purchasing, etc.
  • Define and manage item costing, including selecting item-cost type associations and defining elemental costs.
  • Master the period close process for inventory organizations, ensuring accurate financial reporting.
  • Gain knowledge of subledger accounting and the creation of T-Accounts for inventory and WIP transactions.