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    Fusion Cost Accounting

    Uploaded by

    Venkata Ramanaiah Koka
    Fusion Cost Accounting

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Fusion Cost Accounting

    Uploaded by

    Venkata Ramanaiah Koka
    151 views12 pages
    Fusion Cost Accounting

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Fusion Cost Accounting

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    151 views12 pages

    Fusion Cost Accounting

    Uploaded by

    Venkata Ramanaiah Koka
    Fusion Cost Accounting

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 12

    7

    Lesson 7: Overview of Cost


    Accounting Fundamentals
    Part 3: Cost Accounting
    Supply Chain Managerial Accounting Course

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved.


    Objectives

    After completing this lesson, you should be able to:


    • Identify the Supply Chain Managerial Accounting applications
    • Describe implementation options
    • Identify the Cost Management work areas
    • Identify key characteristics and highlights of Cost Accounting

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-2
    Solution Footprint

    • Receipt Accounting
    – Purchase accruals and expense accounting
    • Cost Accounting
    – Inventory costing
    – Manufacturing costing
    • Cost and Profit Planning
    – Cost estimation for standard costing and other purposes
    • Landed Cost Management
    – Modeling and absorbing third-party landed cost charges

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-3
    Implementation Options

    • Cost and Profit


    Planning

    • Receipt Accounting
    • Cost Accounting
    • Cost and Profit Planning (for
    standard costing)

    • Receipt Accounting
    • Cost Accounting
    • Cost and Profit Planning

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-4
    Cost Accounting Work Area

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-5
    Receipt Accounting Work Area

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-6
    Cost and Profit Planning Work Area

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-7
    Landed Costs Work Area

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-8
    Cost Accounting Key Capabilities

    • Costs
    – User-defined granularity: Subinventory, locator, lot, serial, and
    grade-level cost
    – Tracking of costs and internal profits through the supply chain
    – Tracking of costs in primary and secondary units of measure
    – Shared item cost across inventory organizations
    – Estimation of standard costs through Cost and Profit Planning
    • Multiple representation
    – Multiple reporting standards, such as US GAAP, IAS, and so on
    • Cost simulations
    – Different currencies and inventory valuation methods
    – Different cost accounting policies, such as full absorption and
    marginal costing
    – Cost-planning-scenarios-based cost estimates
    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7-9
    Cost Accounting Key Capabilities

    • Better reference data management


    – Set IDs to share cost setups across cost organizations
    – Default rules to ease costing setup
    • Process management
    – Configurable period close management
    – Business rules (OBR) based automatic accruals clearing
    – Dashboards to manage errors and exceptions

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7 - 10


    Cost Accounting: Overview

    Receivables

    Projects
    Cost Policies
    Payables
    Other
    Oracle
    Apps
    Cost Transactions
    Inventory

    Cost Distributions Subledger


    Manufacturing Accounting

    Distributed
    Order
    Orchestration
    Costing

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7 - 11


    Summary

    In this lesson, you should have learned how to:


    • Identify the Supply Chain Managerial Accounting applications
    • Describe implementation options
    • Identify the Cost Management work areas
    • Identify key characteristics and highlights of Cost Accounting

    Copyright © 2016, Oracle and/or its affiliates. All rights reserved. 7 - 12

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