R12.2.9 Oracle Cost Management Fundamentals Course Overview

R12.2.9 Oracle Cost Management Fundamentals Course Overview

The R12.2.9 Oracle Cost Management Fundamentals course is a comprehensive program designed to educate learners on the intricacies of cost management within the Oracle E-Business Suite environment. It covers a wide array of topics, starting with an overview of Oracle Cost Management and delving into the practical usage and roles it plays in business operations. Learners will gain a deep understanding of various costing methods, inventory control, valuation, and how to analyze profits to make informed decisions.

The course also emphasizes management reporting, budgeting, planning, and the seamless integration of Oracle Cost Management with other applications. It provides detailed instructions on setup and implementation across various modules such as Oracle General Ledger, Work in Process, Inventory, Purchasing, and Bills of Material. Additionally, the course covers advanced topics like landed cost management, cost controls, inter-organization transfers, and standard as well as average costing techniques.

By participating in this course, learners will be equipped with the knowledge to manage costs effectively, set up cost types and controls, understand financial cost controls, and analyze work in process (WIP) transactions. It also covers periodic costing, FIFO and LIFO costing, revenue and COGS matching, subledger accounting, and client extensions. The practical skills acquired in this course are crucial for professionals aiming to excel in finance and operations roles within organizations using Oracle E-Business Suite.

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)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

You can request classroom training in any city on any date by Requesting More Information

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Course Prerequisites

To ensure that learners can successfully undertake the R12.2.9 Oracle Cost Management Fundamentals course and fully benefit from its curriculum, the following prerequisites are recommended:

  • Basic understanding of inventory management and the principles of inventory control.
  • Familiarity with general accounting concepts, including the structure and purpose of a general ledger.
  • Knowledge of the procurement process and the flow of purchasing activities.
  • Exposure to production processes and the concept of work in process (WIP), especially if coming from a manufacturing background.
  • Experience with Oracle E-Business Suite (EBS) navigation and core functionality is beneficial but not mandatory.
  • An understanding of the basics of enterprise resource planning (ERP) systems.
  • Willingness to engage with complex cost management theories and apply them within the Oracle EBS environment.

These prerequisites are designed to provide a solid foundation for learners to understand the concepts taught in the course. They are not intended to be barriers but rather to ensure that each participant can keep pace with the course material and engage effectively with the advanced topics covered.

Target Audience for R12.2.9 Oracle Cost Management Fundamentals

  1. The R12.2.9 Oracle Cost Management Fundamentals course is designed for professionals dealing with cost control and financial analysis within Oracle systems.

  2. Target Audience for the Course:

  • Financial Analysts
  • Cost Accountants
  • Inventory Managers
  • Operations Managers
  • Supply Chain Analysts
  • ERP Consultants specializing in finance or supply chain
  • Oracle Application Users
  • Oracle Database Administrators
  • IT Professionals working with financial software
  • Project Managers overseeing financial systems implementation
  • Business Analysts focusing on cost management and optimization
  • Finance Controllers
  • Manufacturing Managers dealing with cost strategies
  • Procurement Officers looking to understand cost impacts
  • Auditors requiring knowledge of Oracle Cost Management systems

Learning Objectives - What you will Learn in this R12.2.9 Oracle Cost Management Fundamentals?

Introduction to Course Learning Outcomes:

Gain a comprehensive understanding of Oracle Cost Management R12.2.9 for effective inventory control, cost analysis, and financial reporting in Oracle E-Business Suite.

Learning Objectives and Outcomes:

  • Understand the fundamentals of Oracle Cost Management and its role in the Oracle E-Business Suite ecosystem.
  • Learn the various costing methods and how to apply them within Oracle Cost Management.
  • Perform inventory valuation and control to maintain accurate stock levels and financial records.
  • Analyze profits by understanding the relationship between costs, revenue, and profitability.
  • Acquire the skills to generate management reports for decision-making and performance evaluation.
  • Develop budgeting and planning skills to forecast and manage costs effectively.
  • Integrate Oracle Cost Management with other applications for streamlined operations and data consistency.
  • Set up and implement Oracle Cost Management, including the configuration of related modules such as Oracle General Ledger and Oracle Inventory.
  • Define and manage cost elements, cost types, and subelements to accurately reflect the cost structure of items and activities.
  • Understand Period Close processes and the impact on inventory valuation and financial reporting.