Oracle Cost Management Cloud training is designed to help professionals gain expertise in managing the cost of goods and services within the Oracle Cloud platform. Oracle Cost Management Cloud offers a comprehensive suite of tools to help businesses manage inventory, track costs, and analyze financial performance. The training typically focuses on various modules and features related to cost management, which are integral for financial decision-making, accounting, and operations.

1. Introduction to Oracle Cost Management Cloud

• Overview of Oracle Cloud
  • Introduction to Oracle Cloud applications and architecture.
  • Oracle Cost Management in the context of the Oracle Cloud ecosystem.
• Cost Management Cloud Features
  • Key functionalities and benefits of Oracle Cost Management.
  • Costing methods and how they align with financial and inventory operations.

2. Setting Up Costing and Inventory Structures

• Configuring Costing Structures
  • Defining Cost Organizations.
  • Setting up Cost Books and Costing Methods (Standard, Actual, Average, etc.).
• Inventory Setup
  • Defining Inventory Organizations.
  • Setting up Inventory Locations and Subinventories.
  • Integration with other Oracle modules like Purchasing, Manufacturing, and Order Management.

3. Managing Costing Methods

• Overview of Costing Methods
  • Standard Costing, Actual Costing, Average Costing.
  • Pros and cons of different costing methods and their applications.
• Defining and Configuring Costing Methods
  • Setting up standard cost for items.
  • Managing and configuring costing rules for different product categories.
• Costing and Inventory Transactions
  • How costing affects inventory transactions.
  • Impact of receipts, issues, transfers, and adjustments on costing.

4. Managing Inventory and Costing Transactions

• Inventory Transactions and Costing
  • Transactions: Receipts, Returns, Adjustments, and Issues.
  • Linking transactions to cost calculations.
  • Transaction processing and cost updates.
• Handling Cost Variances
  • Understanding and managing cost variances: Purchase price variances, material variances.
  • Analyzing and reconciling variances.
• Costing and Transactions Integration
  • Integration with Oracle Procurement Cloud (e.g., Purchase Orders).
  • Integration with Oracle Manufacturing and Order Management.

5. Cost Adjustments and Period-End Activities

• Cost Adjustments
  • Adjusting costs manually and automatically.
  • Handling inventory adjustments and related accounting impacts.
• Period-End Closing Activities
  • Rolling standard costs, reconciling inventory balances, and closing cost books.
  • Performing period-end reconciliation for cost variances and discrepancies.
• Revaluation of Inventory
  • Revaluation of inventory items at the end of a period.
  • Impact of revaluation on financial reporting and cost calculation.

6. Reporting and Analytics in Oracle Cost Management

• Standard Costing Reports
  • Reports such as Costing Period Reports, Inventory Valuation Reports, etc.
  • Financial and operational reports for cost tracking and inventory performance.
• Custom Reporting Using Oracle Analytics
  • How to use Oracle Analytics Cloud (OAC) to generate custom reports.
  • Key performance indicators (KPIs) to monitor cost efficiency.
• Cost Analysis
  • Costing Analysis by Item, Location, or Organization.
  • Drill-down capabilities for deeper analysis.

7. Advanced Cost Management Features

• Subcontracting and Miscellaneous Charges
  • Managing subcontracting processes.
  • Handling miscellaneous charges and costs associated with subcontracted goods.
• Transfer Pricing
  • Configuring transfer pricing between organizations and subinventories.
• Handling Multiple Currencies
  • Configuring and managing costing in multiple currencies.
  • Handling currency fluctuations and their effect on costing and valuation.

8. Integration with Other Oracle Cloud Modules

• Integration with Oracle Procurement
  • Procurement process integration with Cost Management (POs, Receiving, Invoicing).
• Integration with Oracle Manufacturing
  • Manufacturing cost management, including work orders, material requirements, and cost tracking.
• Integration with Oracle Order Management
  • Managing costs associated with sales orders, shipping, and inventory issues.
• Financial Integration
  • How cost management integrates with Oracle Financials Cloud for financial reporting.

9. Industry-Specific Cost Management Practices

• Costing in Manufacturing
  • Specifics of managing cost in a manufacturing environment (work orders, cost of goods sold).
• Costing for Retail and Distribution
  • Understanding costing for retail, wholesale, and distribution networks.
• Costing in Service Industries
  • Special considerations for service-based businesses (e.g., project costing and allocation).

10. System Administration and Security

• User Access and Roles Management
  • Creating and managing user roles and responsibilities within Oracle Cost Management Cloud.
• Security Configuration
  • Ensuring appropriate access control and security of costing data.
  • Configuring audit logs and monitoring system usage.