R12.x Oracle Cost management Fundamentals Course Overview

R12.x Oracle Cost management Fundamentals Course Overview

The R12.x Oracle Cost Management Fundamentals course provides comprehensive training on managing costs effectively within the Oracle E-Business Suite environment. It covers a wide range of topics, from basic cost management principles to more complex costing strategies and integrations with other Oracle applications.

Learners will gain a deep understanding of various costing methods and how to perform inventory control and valuation. With a strong focus on analyzing profits, management reporting, budgeting, and planning, the course equips participants with the skills necessary for effective financial decision-making. Additionally, the course delves into the setup and implementation of Oracle Cost Management, including detailed instructions on configuring system components and controls.

By utilizing Oracle Cost Management, learners will be able to optimize their cost management processes, benefiting from precise cost tracking, improved budgetary control, and enhanced profitability analysis. The knowledge gained from this course will help professionals in finance and operations roles to manage costs more efficiently and make 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 : 24 Hours)
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♱ Excluding VAT/GST

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Course Prerequisites

To ensure that students have the best possible foundation for successfully undertaking training in the R12.x Oracle Cost Management Fundamentals course, the following minimum prerequisites are recommended:


  • Basic understanding of the principles of cost accounting and inventory management.
  • Familiarity with general business processes in a manufacturing or distribution environment.
  • Knowledge of Oracle E-Business Suite Navigation and Oracle Applications' core functionality.
  • Prior exposure to Oracle Inventory, Oracle Bills of Material, and Oracle Work in Process would be beneficial.
  • Comfort with basic computing skills, including navigating through Windows-based software applications.

These prerequisites help to provide a solid starting point for the comprehensive lessons covered in the course, ranging from setup and implementation to advanced costing methods and period close activities.


Target Audience for R12.x Oracle Cost management Fundamentals

The R12.x Oracle Cost Management Fundamentals course is tailored for professionals involved in finance and inventory control in organizations using Oracle.


  • Financial Analysts
  • Cost Accountants
  • Inventory Managers
  • Supply Chain Analysts
  • Operations Managers
  • ERP Consultants
  • Oracle EBS Implementers
  • Business Analysts with focus on Manufacturing or Inventory
  • IT Professionals who support finance and inventory systems
  • Project Managers overseeing financial or supply chain implementations
  • Controllers responsible for financial reconciliation and reporting


Learning Objectives - What you will Learn in this R12.x Oracle Cost management Fundamentals?

Introduction to R12.x Oracle Cost Management Fundamentals Course Learning Outcomes:

Gain a comprehensive understanding of cost management within the Oracle R12.x environment, focusing on costing methods, inventory control, profit analysis, and integration with other Oracle applications.

Learning Objectives and Outcomes:

  • Understand the role of cost management in an organization and how to use Oracle Cost Management for effective decision-making.
  • Learn about different costing methods and how they contribute to inventory valuation and control.
  • Gain insights into analyzing profits and the importance of management reporting in cost management.
  • Acquire knowledge on setting up and implementing Oracle Cost Management, including integration with General Ledger and other Oracle applications.
  • Set up cost types, activities, cost groups, and cost elements to reflect accurate costing within Oracle Cost Management.
  • Understand and apply cost controls within the General Ledger, organizational cost controls, and financial cost controls.
  • Learn how to perform item costing, including defining item costs, elemental costs, and understanding the impact of phantom costing.
  • Develop skills in defining resource and overhead costs, setting up standard costing, and managing standard cost transactions.
  • Understand the processes and implications of average costing, including setting up, updating costs, and analyzing variances.
  • Close inventory periods, reconcile inventory to the General Ledger, and understand client extensions and their impact on period close.
  • Grasp the concepts and business value of periodic costing, including periodic average and incremental LIFO costing.
  • Learn about FIFO and LIFO costing methods, layer cost flows, updates, and variances.
  • Understand the revenue and COGS matching process, including setup, recognition methodology, and supported business scenarios.
  • Gain proficiency in Subledger Accounting within Oracle Cost Management, including standard and SLA accounting processes.
  • Describe T-Accounts for inventory and WIP transactions for standard costing, understanding the accounting implications of various transactions.