Each ERP implementation has a set of main objectives, and one of them is to obtain Cost Accounting or Managerial Report for specific line of business.
As SAP, PeopleSoft or JD Edwards have such Cost Accounting module, we developed and offer a specialized module for Oracle Applications.
The document discusses challenges with cost management data flow and matching costs of goods sold (COGS) to revenue in Oracle Applications Release 12.0.4. Key issues included duplicate COGS accounting, report performance problems, and difficulty analyzing output. Lessons focused on thorough testing of end-to-end processes, configurations, and performance before go-live and during period closes.
Oracle Install Base is an application that tracks item instances throughout their lifecycle, from receipt to deployment to repair. It provides a centralized repository of information on item instances, including location, status, ownership, and configuration. Key features include item instance maintenance, relationships with parties and accounts, integration with other Oracle modules, and tracking of serialized and non-serialized items.
This document summarizes a presentation on cost accounting enhancements in Oracle E-Business Suite Release 12, including the transition from Material Accounting Components (MAC) to Subledger Accounting (SLA) for process costing. Key points include increased flexibility in discrete costing using SLA, mapping of process costing transactions and setup between MAC and SLA, an example of tracking purchase price variances by product line using either mapping sets or category accounting, and notes on discrete inventory period close and upgrade processes in R12.
The document discusses costing structures and methods in Oracle Manufacturing. It defines key costing concepts like cost elements, sub-elements, activities, and basis types used to assign costs. It also covers average costing updates, cost recognition processes, and important reports for analyzing costs and margins.
Discrete jobs can be created manually or through interfaces to track production. Standard jobs use default bills of materials and routings, while non-standard jobs are more flexible. Jobs statuses include unreleased, released, complete with charges allowed, and complete with no charges allowed. Materials and resources are issued and consumed against jobs through various transactions as the jobs are produced and moved between operations until completed.
Commitment Management in SAP tracks future commitments against cost objects; this enables users to make a realistic comparison of actual cost plus committed cost against plan / budget on that cost object. Commitments are made when user creates purchasing document to purchase goods or services at a future date. Comparing actual against budget is misleading unless you factor in the outstanding commitments that will convert to actual cost in the future.
Blogs on www.veritysolutions.com.au
Easing Reconciling Oracle Inventory and General Ledger with Simplified Proced...KPIT
The document discusses procedures for reconciling Oracle inventory and general ledger values through simplified steps. It covers reconciling receiving, in-transit, and work-in-progress inventory values by running reconciliation reports, distributing accounting transactions, and comparing report values. Tips are provided for identifying reconciliation differences through detailed analysis of transaction distributions and journal entries.
The document provides an overview of Landed Cost Management (LCM) integration with Oracle applications including key setups, functional flows, data flows and a test case. It describes the process of creating a purchase order, generating estimated landed costs, importing costs into inventory, matching actual invoices, updating costs and accounting entries. Scripts and diagnostic tools for analyzing integration setups and transactional data are also outlined.
The document discusses challenges with cost management data flow and matching costs of goods sold (COGS) to revenue in Oracle Applications Release 12.0.4. Key issues included duplicate COGS accounting, report performance problems, and difficulty analyzing output. Lessons focused on thorough testing of end-to-end processes, configurations, and performance before go-live and during period closes.
Oracle Install Base is an application that tracks item instances throughout their lifecycle, from receipt to deployment to repair. It provides a centralized repository of information on item instances, including location, status, ownership, and configuration. Key features include item instance maintenance, relationships with parties and accounts, integration with other Oracle modules, and tracking of serialized and non-serialized items.
This document summarizes a presentation on cost accounting enhancements in Oracle E-Business Suite Release 12, including the transition from Material Accounting Components (MAC) to Subledger Accounting (SLA) for process costing. Key points include increased flexibility in discrete costing using SLA, mapping of process costing transactions and setup between MAC and SLA, an example of tracking purchase price variances by product line using either mapping sets or category accounting, and notes on discrete inventory period close and upgrade processes in R12.
The document discusses costing structures and methods in Oracle Manufacturing. It defines key costing concepts like cost elements, sub-elements, activities, and basis types used to assign costs. It also covers average costing updates, cost recognition processes, and important reports for analyzing costs and margins.
Discrete jobs can be created manually or through interfaces to track production. Standard jobs use default bills of materials and routings, while non-standard jobs are more flexible. Jobs statuses include unreleased, released, complete with charges allowed, and complete with no charges allowed. Materials and resources are issued and consumed against jobs through various transactions as the jobs are produced and moved between operations until completed.
Commitment Management in SAP tracks future commitments against cost objects; this enables users to make a realistic comparison of actual cost plus committed cost against plan / budget on that cost object. Commitments are made when user creates purchasing document to purchase goods or services at a future date. Comparing actual against budget is misleading unless you factor in the outstanding commitments that will convert to actual cost in the future.
Blogs on www.veritysolutions.com.au
Easing Reconciling Oracle Inventory and General Ledger with Simplified Proced...KPIT
The document discusses procedures for reconciling Oracle inventory and general ledger values through simplified steps. It covers reconciling receiving, in-transit, and work-in-progress inventory values by running reconciliation reports, distributing accounting transactions, and comparing report values. Tips are provided for identifying reconciliation differences through detailed analysis of transaction distributions and journal entries.
The document provides an overview of Landed Cost Management (LCM) integration with Oracle applications including key setups, functional flows, data flows and a test case. It describes the process of creating a purchase order, generating estimated landed costs, importing costs into inventory, matching actual invoices, updating costs and accounting entries. Scripts and diagnostic tools for analyzing integration setups and transactional data are also outlined.
This document describes a product costing software that provides several key features for automating and improving the product costing process. The software allows users to perform simulations on product costs, analyze gaps between customer and actual bills of materials, manage different bill of material versions, and generate reports. It is intended to help eliminate issues with manual and Excel-based costing processes for both automotive OEMs and tier 1 suppliers. The software offers cost savings opportunities through improved visibility and accuracy of product costing information.
- The document provides troubleshooting solutions for common issues faced in SAP FI/CO modules like General Ledger, Accounts Payable/Receivable, Bank Accounting etc.
- It explains solutions for problems like document reversal errors, period selection issues, payment proposal errors, invoice verification errors, and incorrect customizing settings.
- The document is intended to help FI/CO consultants and users by providing solutions for problems they have previously faced or may face in the future. It can be referred back to solve similar issues.
The document discusses Asset Accounting (FI-AA) in SAP, which manages fixed assets in the SAP system. It manages assets from acquisition through retirement, calculates depreciation and interest, and allows for depreciation forecasting. Key process steps include acquisition, retirement, sale, capitalization, write-ups, depreciation posting runs, and taxation calculations. Required applications include SAP ERP and roles such as Asset Accountant.
Sap Product Lifecycle Costing solution in detailHenry Blanck
The document discusses SAP Product Lifecycle Costing, a solution that allows companies to:
- Calculate product costs quickly and precisely using real-time data integration.
- Gain better visibility and control of costs throughout the entire product lifecycle.
- Simulate and compare cost alternatives to make more profitable decisions.
New gl functionality_by_guntupalli_hari_krishna_Hari Krishna
SAP NUEVO LIBRO MAYOR,SAP NEW دفتر الأستاذ العام,SAP新总账,SAP neue Hauptbuch,एसएपी नई सामान्य खाता,எஸ்ஏபி புதிய பொது லெட்ஜர்,SAP NEW総勘定元帳,SAP의 새로운 원장,SAP General Ledger НОВЫЙ,SAP NUEVO LIBRO MAYOR,SAP NEW GENERAL LEDGER
Enhancement Packages 5 & 6 – Where to find the business functions that matter...John Jordan
The document discusses business functions in SAP Enhancement Packages 5 and 6 that are useful for controllers. It summarizes key functions for parallel accounting and actual costing across company codes.
Specifically, it outlines functions that allow: [1] Parallel accounting in controlling and asset accounting to value assets and costs under different accounting standards; [2] Tracking stock in transit and ownership transfers between company codes; [3] Extending actual costing and cost component splits across company codes through intercompany transfers. This provides transparency of actual costs and internal profits for the whole group.
Oracle EBS: P2P with EBS Payables and Non-EBS ProcurementEric Guether
Oracle EBS ERP user group presentation. Originally presented in April 2013 at the COLLABORATE 13 conference in Denver. Addresses issues with P2P when only the second 'P' is in Oracle EBS. Specifically, integrating Oracle R12 Payables with an Ariba Spend Mgmt. procurement system.
The document discusses asset accounting in SAP, including:
- Asset accounting is a subsidiary ledger of financial accounting that updates general ledger accounts.
- Asset classes are used to group assets, assign accounts and default values, and structure assets for reporting.
- Charts of depreciation define depreciation areas for book, tax, and other purposes across asset classes.
- Master data includes creating asset records via asset classes or copying, and time-dependent assignments.
- Asset acquisitions can integrate with accounts payable/receivable or use a clearing account.
Computer Associates receives two orders from SimplyC Solutions - one for servicing and upgrading existing machines for Rs. 3,75,000 and another for installing new systems for Rs. 20,000. To track the costs for these jobs, Computer Associates sets up job cost centers for "Upgrading Job" and "New Systems Job" in Tally.ERP 9. Stocks are tracked across godowns set up for "Raj", "Archana", and "Rajesh" which are dedicated to the respective jobs. Voucher types, classes, ledgers, and stock items are also created for effective job costing in Tally.ERP 9.
This document provides an overview of the various master data required for product costing in SAP. It discusses maintaining material masters for raw materials, finished goods, and packaging materials. This includes views for accounting, costing, MRP, and procurement. It also covers bill of materials, activity prices for cost centers, resources/work centers, master recipes/routings, production versions, and overhead rates. Maintaining consistent and accurate master data across these areas is important for product costing in SAP.
The document discusses various types of dates used in order management and shipping processes, including ordered date, request date, scheduled ship date, earliest/latest acceptable dates, promise date, pricing date, actual ship date, and actual arrival date. For each date type, it describes the intended use, whether it is set at the header or line level, defaulting options, and how it can be queried. The document provides details on how these date fields work together to manage ordering, scheduling, shipping, and delivery of products and services to customers.
This document provides instructions for configuring profitability analysis in SAP. It discusses defining characteristics and value fields, which are the key dimensions and values used to analyze profitability. Characteristics can be predefined, fixed, copied from reference tables, or custom defined. Instructions are provided for viewing existing characteristics, creating new user-defined characteristics like "Bill to party" and "Business field", and activating the new characteristics for use. The document outlines the overall profitability analysis configuration process and provides a guide to setting up the necessary master data and structures.
How to Calculate Product Costs for a ManufacturerIsah Nurdianah
The document discusses how to calculate product costs for manufacturers. It explains that manufacturers must track both direct and indirect manufacturing costs across multiple products. The basic equation is total manufacturing costs divided by production output to calculate the per unit product cost. While simple, the accuracy depends on correctly tracking all manufacturing costs, which can be complex as processes involve many steps. An example is provided to illustrate how product costs are used to calculate cost of goods sold and inventory.
SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
YouTube Channel:- https://www.youtube.com/c/skillstek
Instagram:- https://www.instagram.com/skillsteksap/
The document provides an overview of SAP's Controlling (CO) module, which handles management accounting and cost accounting functions. It describes key CO concepts like cost centers, controlling areas, cost elements, and how CO integrates and shares data with other SAP modules like FI, SD, MM, and PP. It also explains components of CO like cost center accounting, product cost controlling, and profitability analysis and how they are used.
This document provides instructions for configuring automatic postings in an ERP system for inventory management and invoice verification transactions. Key steps include defining valuation levels, charts of accounts, valuation grouping codes, valuation classes, and account groupings. The system can then simulate postings to automatically determine the correct GL accounts based on these definitions and the transaction type. Definitions must be made for each chart of accounts and valuation grouping code combination.
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP FinancialsSAPinsider Events
View this session from Financials 2015 in Las Vegas. Coming to Europe! www.Financials2015.com
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP Financials by David Cohen, EY
This session will outline and provide resolutions for the seven most common intercompany accounting challenges that companies face within the areas of sale of products, charge of services, AP/AR reconciliation, profit elimination, assets transactions, and month-end closings. By attending you will receive:
- Practical examples on the most effective ways to use standard functionality of SAP ERP, SAP BusinessObjects BI, and SAP HANA to alleviate these issues
- Examples of overcoming difficulties in implementing asset transactions across borders, such as purchase and leasing
- Alternatives to performing inter-company profit elimination
- Lessons for configuring and running your month-end close
This document provides an overview of standard cost accounting in Oracle ERP, including how to set and update cost values, view cost and cost history, account for costs in bills of materials, and handle resource costs and assembly cost rollups. Key areas covered are setting frozen or pending cost views, updating costs, costing components and resources, and performing assembly cost rollups to update assembly pending costs. Navigation paths are shown for the relevant forms and screens.
The document describes the process of designing, developing, testing, and maintaining a configuration model in Oracle Configurator. It includes steps for creating the configuration model structure and rules, importing BOM and inventory data, developing the UI, testing, publishing the model, and refreshing imported data. Key aspects covered are the model structure, logical rules, importing BOM models and data, UI templates, publishing models, and refreshing imported BOM data.
This document defines key concepts in cost accounting and cost management. It discusses how cost accounting provides information for both management and financial accounting by measuring and reporting costs. It also describes different types of costs like direct, indirect, fixed and variable costs. Finally, it summarizes standard costing and analysis of variance, which are techniques used to evaluate actual performance against pre-established cost standards.
This document describes a product costing software that provides several key features for automating and improving the product costing process. The software allows users to perform simulations on product costs, analyze gaps between customer and actual bills of materials, manage different bill of material versions, and generate reports. It is intended to help eliminate issues with manual and Excel-based costing processes for both automotive OEMs and tier 1 suppliers. The software offers cost savings opportunities through improved visibility and accuracy of product costing information.
- The document provides troubleshooting solutions for common issues faced in SAP FI/CO modules like General Ledger, Accounts Payable/Receivable, Bank Accounting etc.
- It explains solutions for problems like document reversal errors, period selection issues, payment proposal errors, invoice verification errors, and incorrect customizing settings.
- The document is intended to help FI/CO consultants and users by providing solutions for problems they have previously faced or may face in the future. It can be referred back to solve similar issues.
The document discusses Asset Accounting (FI-AA) in SAP, which manages fixed assets in the SAP system. It manages assets from acquisition through retirement, calculates depreciation and interest, and allows for depreciation forecasting. Key process steps include acquisition, retirement, sale, capitalization, write-ups, depreciation posting runs, and taxation calculations. Required applications include SAP ERP and roles such as Asset Accountant.
Sap Product Lifecycle Costing solution in detailHenry Blanck
The document discusses SAP Product Lifecycle Costing, a solution that allows companies to:
- Calculate product costs quickly and precisely using real-time data integration.
- Gain better visibility and control of costs throughout the entire product lifecycle.
- Simulate and compare cost alternatives to make more profitable decisions.
New gl functionality_by_guntupalli_hari_krishna_Hari Krishna
SAP NUEVO LIBRO MAYOR,SAP NEW دفتر الأستاذ العام,SAP新总账,SAP neue Hauptbuch,एसएपी नई सामान्य खाता,எஸ்ஏபி புதிய பொது லெட்ஜர்,SAP NEW総勘定元帳,SAP의 새로운 원장,SAP General Ledger НОВЫЙ,SAP NUEVO LIBRO MAYOR,SAP NEW GENERAL LEDGER
Enhancement Packages 5 & 6 – Where to find the business functions that matter...John Jordan
The document discusses business functions in SAP Enhancement Packages 5 and 6 that are useful for controllers. It summarizes key functions for parallel accounting and actual costing across company codes.
Specifically, it outlines functions that allow: [1] Parallel accounting in controlling and asset accounting to value assets and costs under different accounting standards; [2] Tracking stock in transit and ownership transfers between company codes; [3] Extending actual costing and cost component splits across company codes through intercompany transfers. This provides transparency of actual costs and internal profits for the whole group.
Oracle EBS: P2P with EBS Payables and Non-EBS ProcurementEric Guether
Oracle EBS ERP user group presentation. Originally presented in April 2013 at the COLLABORATE 13 conference in Denver. Addresses issues with P2P when only the second 'P' is in Oracle EBS. Specifically, integrating Oracle R12 Payables with an Ariba Spend Mgmt. procurement system.
The document discusses asset accounting in SAP, including:
- Asset accounting is a subsidiary ledger of financial accounting that updates general ledger accounts.
- Asset classes are used to group assets, assign accounts and default values, and structure assets for reporting.
- Charts of depreciation define depreciation areas for book, tax, and other purposes across asset classes.
- Master data includes creating asset records via asset classes or copying, and time-dependent assignments.
- Asset acquisitions can integrate with accounts payable/receivable or use a clearing account.
Computer Associates receives two orders from SimplyC Solutions - one for servicing and upgrading existing machines for Rs. 3,75,000 and another for installing new systems for Rs. 20,000. To track the costs for these jobs, Computer Associates sets up job cost centers for "Upgrading Job" and "New Systems Job" in Tally.ERP 9. Stocks are tracked across godowns set up for "Raj", "Archana", and "Rajesh" which are dedicated to the respective jobs. Voucher types, classes, ledgers, and stock items are also created for effective job costing in Tally.ERP 9.
This document provides an overview of the various master data required for product costing in SAP. It discusses maintaining material masters for raw materials, finished goods, and packaging materials. This includes views for accounting, costing, MRP, and procurement. It also covers bill of materials, activity prices for cost centers, resources/work centers, master recipes/routings, production versions, and overhead rates. Maintaining consistent and accurate master data across these areas is important for product costing in SAP.
The document discusses various types of dates used in order management and shipping processes, including ordered date, request date, scheduled ship date, earliest/latest acceptable dates, promise date, pricing date, actual ship date, and actual arrival date. For each date type, it describes the intended use, whether it is set at the header or line level, defaulting options, and how it can be queried. The document provides details on how these date fields work together to manage ordering, scheduling, shipping, and delivery of products and services to customers.
This document provides instructions for configuring profitability analysis in SAP. It discusses defining characteristics and value fields, which are the key dimensions and values used to analyze profitability. Characteristics can be predefined, fixed, copied from reference tables, or custom defined. Instructions are provided for viewing existing characteristics, creating new user-defined characteristics like "Bill to party" and "Business field", and activating the new characteristics for use. The document outlines the overall profitability analysis configuration process and provides a guide to setting up the necessary master data and structures.
How to Calculate Product Costs for a ManufacturerIsah Nurdianah
The document discusses how to calculate product costs for manufacturers. It explains that manufacturers must track both direct and indirect manufacturing costs across multiple products. The basic equation is total manufacturing costs divided by production output to calculate the per unit product cost. While simple, the accuracy depends on correctly tracking all manufacturing costs, which can be complex as processes involve many steps. An example is provided to illustrate how product costs are used to calculate cost of goods sold and inventory.
SAP Product costing Calculation With Components - SkillstekSkillstek
SAP Product Cost Calculation is done in the 6 key components of Product Costing, which is part of SAP CO.
Read it at Skillstek's Blog:- https://skillstek.com/product-costing-in-sap/
For more informative content, visit:-
https://skillstek.com/blog
Contact Details:-
Website:- https://skillstek.com
Phone:- +91-9556432150
Email:- info@skillstek.com
Social Accounts:-
LinkedIn:- https://www.linkedin.com/company/skillstek
Facebook:- https://www.facebook.com/SkillstekEdu
YouTube Channel:- https://www.youtube.com/c/skillstek
Instagram:- https://www.instagram.com/skillsteksap/
The document provides an overview of SAP's Controlling (CO) module, which handles management accounting and cost accounting functions. It describes key CO concepts like cost centers, controlling areas, cost elements, and how CO integrates and shares data with other SAP modules like FI, SD, MM, and PP. It also explains components of CO like cost center accounting, product cost controlling, and profitability analysis and how they are used.
This document provides instructions for configuring automatic postings in an ERP system for inventory management and invoice verification transactions. Key steps include defining valuation levels, charts of accounts, valuation grouping codes, valuation classes, and account groupings. The system can then simulate postings to automatically determine the correct GL accounts based on these definitions and the transaction type. Definitions must be made for each chart of accounts and valuation grouping code combination.
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP FinancialsSAPinsider Events
View this session from Financials 2015 in Las Vegas. Coming to Europe! www.Financials2015.com
Overcoming the Top 7 Intercompany Accounting Challenges in SAP ERP Financials by David Cohen, EY
This session will outline and provide resolutions for the seven most common intercompany accounting challenges that companies face within the areas of sale of products, charge of services, AP/AR reconciliation, profit elimination, assets transactions, and month-end closings. By attending you will receive:
- Practical examples on the most effective ways to use standard functionality of SAP ERP, SAP BusinessObjects BI, and SAP HANA to alleviate these issues
- Examples of overcoming difficulties in implementing asset transactions across borders, such as purchase and leasing
- Alternatives to performing inter-company profit elimination
- Lessons for configuring and running your month-end close
This document provides an overview of standard cost accounting in Oracle ERP, including how to set and update cost values, view cost and cost history, account for costs in bills of materials, and handle resource costs and assembly cost rollups. Key areas covered are setting frozen or pending cost views, updating costs, costing components and resources, and performing assembly cost rollups to update assembly pending costs. Navigation paths are shown for the relevant forms and screens.
The document describes the process of designing, developing, testing, and maintaining a configuration model in Oracle Configurator. It includes steps for creating the configuration model structure and rules, importing BOM and inventory data, developing the UI, testing, publishing the model, and refreshing imported data. Key aspects covered are the model structure, logical rules, importing BOM models and data, UI templates, publishing models, and refreshing imported BOM data.
This document defines key concepts in cost accounting and cost management. It discusses how cost accounting provides information for both management and financial accounting by measuring and reporting costs. It also describes different types of costs like direct, indirect, fixed and variable costs. Finally, it summarizes standard costing and analysis of variance, which are techniques used to evaluate actual performance against pre-established cost standards.
The document provides an overview of material requirements planning (MRP). It discusses that MRP is a computer-based system that plans production by determining material needs based on demand for finished goods. MRP accounts for both independent demand from customers and dependent demand for parts and components. The objectives of MRP are to ensure the right materials are in the right place at the right time by answering what, how much, and when is needed. Benefits include reduced costs and improved customer service through optimized inventory levels and production scheduling.
Oracle Order To Cash Accounting Made Easybrijeshbharat
This document provides a comprehensive overview of accounting for inventory and receivables transactions in an order to cash scenario in Oracle E-Business Suite. It details the accounting entries for cost of goods sold and revenue at each step of a sales order lifecycle from booking to invoicing. Key steps explained include debiting cost of goods sold and crediting inventory valuation for a shipment, then debiting receivables and crediting revenue when generating an invoice. The document also shows how to analyze profit on a sale using a cost profit margin report.
This document discusses Bills of Materials (BOM) in Tally. A BOM is a list of components required to manufacture a finished good along with their quantities. In Tally, a BOM can be created for stock items that are assembled in-house by specifying a component list when creating or altering a stock item master. The document provides steps to create a stock item for pens and define its BOM to show it requires 3 components each in a quantity of 1. Manufacturing and stock journals can then be used to consume components and produce finished goods based on the defined BOMs. Reports like stock summary and financial statements can then show inventory and production details.
This document discusses different costing methods used in management accounting including job costing, process costing, batch costing, contract costing, and service costing. It provides examples and explanations of key concepts in job costing like job cost sheets, predetermined overhead rates, and manufacturing overhead. Process costing is explained as a method used for mass production of nearly identical units where costs are accumulated and assigned to units produced. Batch costing is defined as identifying and assigning costs to a set amount of similar goods produced in a batch. Contract costing applies especially to long-term construction projects performed over multiple periods. Finally, service costing calculates the full costs of services an entity provides using direct and indirect costs.
A bill of material (BOM) is a list that contains the components, quantities, and costs needed to produce an item or assembly. It includes the item ID, description, cost per item, and total cost of all items. The key information in a BOM allows users to identify the correct parts, order the necessary quantities, and calculate the total materials cost of a project.
The document discusses security for Oracle applications. It describes the components of responsibilities, which include data groups, menus, and request security groups. It provides steps for setting up menus, request sets, request security groups, responsibilities, and application users. It also includes a case study example of setting up responsibilities for financial officer and financial manager roles.
This document outlines the key accounting entries for the procure to pay and order to cash cycles. For procure to pay, it describes entering a purchase order with no impact, receiving inventory which debits an inventory receiving account and credits accounts payable accrual, and entering a matched invoice which debits accounts payable accrual and credits supplier liability. For order to cash, it describes shipping items which debits cost of goods sold and credits inventory, entering an invoice which debits accounts receivable and credits revenue, and entering receipts which debits cash and credits accounts receivable.
Perpetual and Periodic inventory valuation methods are discussed in this presentation. The systems are explained using the different valuations methods (FIFO, LIFO and AVG).
This document provides an overview and agenda for a presentation on integrating ERP and Primavera Unifier to track and manage project costs. The presentation discusses how cost overruns occur for projects and proposes an approach to integrate different systems like ERP, Primavera P6, and Unifier to provide a holistic view of project costs and simplify cost management. It demonstrates integrating these systems for activities like resource management, project scheduling and budgeting, procurement, and cost monitoring and control. The integration is intended to improve transparency, accountability, and communication for managing projects profitably.
This document outlines the setup tasks required for Oracle Process Manufacturing Process Execution. It includes defining process execution parameters such as the organization, batch setup options, and inventory transaction rules. It also describes setting profile options for batch and planned order numbering. An application setup control sheet tracks who is responsible for each task and its status. No open or closed issues are listed.
This document is the user guide for Oracle Process Manufacturing Inventory Management, Release 11i. It describes how to use the inventory management functionality within Oracle Process Manufacturing, including setting up organizations, items, warehouses, lot control, and processing inventory transactions. The guide provides procedures for common tasks and describes the functionality and reports within inventory management.
This document summarizes the key processes and accounting entries for managing foreign currency revenue in an Oracle projects implementation. It includes an example of a foreign currency project covering customer invoicing, revenue recognition, and clearing unbilled receivable balances. It also outlines the required Oracle modules, configuration changes to the projects and general ledgers, and information flows to support foreign currency revenue and accounting.
Top 10 Reasons to Choose Oracle ERP Cloud FinancialsLiz Kensicki
The top three reasons to choose Oracle ERP Cloud Financials are:
1) It works and provides a complete set of required feature functionality in a fully operational manner.
2) It leverages best-of-breed business flows based on years of ERP expertise to streamline processes.
3) It provides an enhanced reporting layer via the robust Oracle BI toolset to leverage transactional and multi-dimensional reporting.
The document provides an overview and introduction to Oracle's Project Management Method (PJM). PJM is Oracle's standardized approach to project management for information technology projects. It focuses on defining client expectations, maintaining visibility, and implementing control mechanisms. PJM is organized around five core management processes: Control and Reporting, Work Management, Resource Management, Quality Management, and Configuration Management. It also structures tasks into Planning, Control, and Execution categories to support the project life cycle.
Activity plus operational dashboard for Oracle AppsGeorge Faur
Managing business through an ERP, various users are participating in the same process. Often users have difficulties to know in which step is a certain process.
ActivityPlus for Oracle is a plug-in solution, where the users have a an end to end view about internal requisitions status.
Inventory plus oracle inventory zero_issuesGeorge Faur
Implementing Oracle Inventory, users are clamming various situations when system process is not related to the real one.
Inventory Plus is working as an interface for Oracle Inventory, solving all the standard Oracle Application issues.
This document discusses Enterprise Resource Planning (ERP) software. It provides an overview of ERP functions such as finance, human resources, manufacturing, inventory, sales, and supply chain management. The document then describes the benefits of ERP systems, including tangible benefits like reduced costs and inventory as well as intangible benefits like increased flexibility and standardization. Finally, the document introduces the Aesthetic Tech ERP system and its key features and modules.
This white paper discusses the benefits of implementing an ERP software solution specifically designed for heavy/civil contractors. It notes that a unified system allows for greater integration, efficiency, transparency and profitability across job management, equipment management, materials management, and other key areas. It highlights Viewpoint Construction Software as an integrated ERP product with functionality tailored to the unique needs and profit centers of heavy/civil businesses. The white paper argues that specialized construction industries require specialized software rather than generic or piecemeal solutions.
This document discusses how Oracle ERP shared services can help organizations generate significant value. It defines shared service centers and explains their benefits, including cost savings, improved processes, and increased quality. It outlines Oracle's approach to shared services, which focuses on standardizing processes, centralizing and consolidating functions, leveraging the latest technology, and automating tasks. Specific examples are provided for how Oracle supports finance, procurement, and HR shared services.
This document analyzes the impact of SAP software in enterprise resource planning (ERP). It discusses key features of ERP systems like accounting, inventory management, and reporting. It also describes popular SAP ERP solutions like SAP S/4HANA and SAP Business ByDesign. SAP S/4HANA is an integrated suite built on the SAP HANA in-memory database. SAP Business ByDesign is a cloud-based ERP software for small and medium enterprises. The document concludes that SAP is a leading ERP provider with about 24% of the global market share.
Overview of Accounting and Finance Module of ERP SystemTigernix Pte Ltd
The document describes TigernixERP, an accounting and finance management software. It offers automated functions for invoicing, payroll, payments and financial reporting. It seamlessly integrates daily accounting activities and complies with local Singapore standards. The software has a user-friendly interface and allows multiple simultaneous users. It provides complete automation of bookkeeping, flexibility to customize features, and integration with other business modules.
Fleet view - CarFleet Operational Cost for Oracle AppsGeorge Faur
Cars operational parameter, Specific tax validity, Fuel consumption per order or per period, are information not included as standard functionalities in Oracle Applications.
FleetView is a plug-in module which helps customers which already use Oracle Applications, to integrate Car Fleet operations and management.
Annual Acquisition Plan for ORACLE ApplicationsGeorge Faur
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2. Table of contents
SYSTEM ARCHITECTURE WITH ORACLE eBS.....................................................................3
EXECUTIVE SUMMARY ...................................................................................................... 4
NO CUSTOMIZATIONS ...................................................................................................... 4
FIRST INSIGHTS ................................................................................................................. 5
DESCRIPTION .................................................................................................................... 6
Why the need to develop Genesis Cost Accounting .....................................................7
SPECIAL FEATURES ........................................................................................................... 8
Management reporting............................................................................................... 8
Centralization of data ................................................................................................. 8
Correlation of standard dimensions – internal orders .................................................. 8
Allocating internal orders-based expenditures............................................................ 9
Allocation of expenditures based on hierarchy and allocation keys ............................. 9
Performing costs variances calculation ....................................................................... 9
Performing cost accounting for work in process.........................................................10
Transaction phases in management accounting ........................................................10
Performing transactions for management accounting with balanced journals ...........10
HOW THE PRODUCT WAS DEVELOPED...........................................................................12
Whitepaper – Informative Document, January 2013
2
4. EXECUTIVE SUMMARY
The accounting specialists focus on the financial aspect of accounting,
oriented on reporting more to state institutions and less to managers.
Concurrently, the ERP applications suppliers answer to the main
requirements of accounting, regularly offering only purely financial
solutions. In this context, the managers receive information from
accounting, which can be used for decision making only after additional
processing.
Cost accounting, also called managerial accounting, represents an
accounting tool for processing financial data in order to obtain reports
necessary for management, in a format other than financial. In several
European countries, this type of accounting is also called “Class 9
accounting” because it uses accounts in class 9.
Genesis
Software
Consulting
has
developed a Cost Accounting product,
called Genesis Cost Accounting, perfectly
integrated in Oracle Application EBusiness Suite, in order to meet the
specific requests from customers. After
financial accounting completion, Genesis
Cost Accounting automatically operates
new transactions, configured following
internal, managerial rules, so that
economic and financial results are relevant
to managers. For the execution of finished
goods,
Genesis
Cost
Accounting
determines the full cost of the finished
good; for service execution, Genesis Cost Accounting helps the
construction of works estimate; to analyze the outcomes of execution
processes, Genesis Cost Accounting provides management accounting
reports.
Genesis Software Consulting recommends that Genesis Cost
Accounting product be implemented simultaneously with Oracle
Projects. Using the structures and transactions from Oracle Projects, the
processing of financial and accounting data in management format is
performed.
NO CUSTOMIZATIONS
We believe customizations, changes made in the standard Oracle
Applications ERP, that are not supported by the vendor are something
we do not recommend. Why customizations are not good? Regression –
one minor customization could dramatically affect a standard set of
functionalities; Standard support cannot be offered even for standard
functionalities if were affected by customizations; Upgrade – new
Whitepaper – Informative Document, January 2013
4
5. versions upgrade can become a more costly experience if
customizations are in place; Know how – for standard applications you
have vendor support and general documentation, while for
customizations the support depends on only a few developers. These
are just a few of many pitfalls of customizing the ERP software.
This is why we don’t recommend and don’t support customizations of
Oracle ERP. We developed our products as distinct tools over the
standard functionalities of Oracle without interfere with or change
these functionalities. They just channel the existing power of Oracle
ERP to more efficiently solve the business problems of your company.
The standard functionalities remain unaffected by our products and you
can still use them, if you choose, independently of our product.
FIRST INSIGHTS
A department manager wants to know the cost of the activity it
performs, divided by types of costs (direct costs, indirect costs, auxiliary
costs - servicing), detailed on cost elements (salaries, materials, energy,
services). Servicing activities (through which they provide internal
services) must collect orders costs, performed by persons or equipment,
which must be transferred to requesting cost centers. Providing services
to external customers requires costs elements necessary for building
works estimate. Execution of products with in-house or outsourced
products must allow full cost accounting of finished goods.
All these represent the problems an internal management accountant is
faced with to be able to offer the management a variety of reports,
which refer less to accounts and more to departments, equipment,
activities, orders, products, types of costs and cost elements.
Furthermore, the internal management accountant, faced with a large
volume of operations such as allocations, calculation of variances, needs
automatic mechanisms of transacting and accounting with balanced
journals, allowing the use of the trial balance sheet.
Genesis Cost Accounting is the solution to all these problems.
Whitepaper – Informative Document, January 2013
5
6. Funky Business, Jonas Ridderstrale and Kjell Nordstrom
“Funky” business put the management and the leadership in center.
“...This is the age of time and talent, where we are selling time and talent, exploiting time and talent, hiring time and talent,
packaging time and talent. The most critical resource wears shoes and walks out the door around five o’clock every day. As a result,
management and leadership are keys to competitive advantages. They differentiate you from the mass. How you attract, retain and
motivate your people is more important than technology … How a company is managed and how a company is led are vital
differentiators. They can create sustainable uniqueness...”
DESCRIPTION
Genesis Cost Accounting collects financial costs to determine the cost
of activities performed in the cost centers departments. If the
department provides internal services, Genesis Cost Accounting
transfers the servicing order costs to the requesting department. The
indirect costs of the unproductive activities are distributed on the
activities of the productive departments using an allocation hierarchy
and multiple allocation keys. For products and services, Genesis Cost
Accounting calculates the total cost.
Genesis Cost Accounting was designed and developed in close
connection with Oracle Projects module, including related modules
used for operating financial transactions. Genesis Cost Accounting
features do not invalidate in any way standard Oracle features and do
not affect Oracle support for standard modules. Genesis Cost
Accounting provides the reporting system with processed data in a
managerial format (departments, equipment, activities, orders,
products, types of costs and cost elements).
Fig.1. Genesis Cost Accounting – overview
Whitepaper – Informative Document, January 2013
6
7. Why the need to develop Genesis Cost Accounting
Genesis Cost Accounting satisfies a requirement expressed by ERP
product customers, since 1998. It is the processing of financial data in a
specific format, before being presented to the management. The
processing does not affect the financial results and is auditable from
accounting point of view.
After years of Oracle Applications implementation, Genesis Software
Consulting was able to capitalize the experience gained into a product
suite, which also includes Cost Accounting module.
Successful use of Cost Accounting product enabled Genesis to extend
ERP implementation beyond financial transactions. Now, internal
management accountants benefit from automatic collection, allocation
and calculation mechanisms to transform financial results in a format
accessible and necessary to managers.
Whitepaper – Informative Document, January 2013
7
8. SPECIAL FEATURES
Genesis Cost Accounting, used with Oracle Projects, brings a series of
features that the internal management accountant can use to transform
the financial results in a management accessible format. Genesis Cost
Accounting offers the management a set of analysis reports using the
processed data.
Management reporting
Management accounting transforms financial
information into information necessary to
management for decision-making.
centralization and correlation of some
financial information of different nature.
Genesis Cost Accounting adds to Oracle EBusiness Suite modules offering financial
information, these standard dimensions of
management
analysis.
Genesis
Cost
Accounting adds to Oracle Projects
automatic
processes
for
centralized
collection of financial information, relevant
and compliant to the standard analysis.
Fig.2. Detailed report with cost variances
Genesis Cost Accounting allows centralized
analysis of management information in the
format of standard analysis dimensions:
departments, equipment, activities, products,
services, costs elements and types. Genesis
Cost Accounting provides a set of analysis
reports using standard analysis dimensions.
Concurrently, Genesis Cost Accounting offers
the data required for reporting to Business
Intelligence-type
specialized
analysis
modules.
Centralization of data
The data required by the management derive
from the financial activity. In order for this
data to be relevant, it is necessary that they
are
associated
with
departments,
equipment, activities, orders, products,
costs types and elements – standard
dimension of management analysis. The
use of these standard dimensions enables the
Whitepaper – Informative Document, January 2013
Fig.3. Revenue and expenditure collection report
Data centralized from Genesis Cost
Accounting
enables
the
internal
management accountant to perform the
allocation and calculation operations,
necessary for management reporting.
Correlation
of
standard
dimensions – internal orders
Internal orders represent a way of correlating
standard dimensions following the rule:
internal services requester - executor.
Collection of costs on internal orders at an
executor
enables
their
subsequent
allocation to requester.
Genesis Cost Accounting adds to Oracle
Order Management automatic generation
8
9. features of “order” standard dimension when
an internal service order is registered. The
“order” standard dimension contains
information on requester and executor,
necessary for subsequent allocation.
Internal
management
accountant
automatically finds, for analysis in Genesis
Cost Accounting, all the internal orders
operated by the planners of internal service
activities.
Allocating internal orders-based
expenditures
Fig.4. Allocation of Expenditures
The financial data related to internal orders
must be collected for centralized analysis of
internal service activities. These data have to
be transformed so that the service
beneficiary receives the total cost of activity.
Genesis Cost Accounting provides definition
mechanisms of keys for allocating indirect
costs on direct costs. Genesis Cost
Accounting
uses
HR
organizations
hierarchies for cost allocation.
Genesis Cost Accounting offer mechanisms
for service cost accounting on internal orders,
as well as automatic processes for their
transfer from executor to requester.
Internal management accountant may
configure Genesis Cost Accounting so that
the hierarchical allocation mechanism of
indirect costs to direct costs reflects the
situation of organizational structure at a
given time.
Internal management accountant has
available all the information necessary for
reporting the internal service activities. Using
Genesis Cost Accounting, challenging
activities in terms of cost analysis, as well as
internal repairs, internal transport, internal
training, is no longer a problem for the
internal management accountant.
Allocation of expenditures based
on hierarchy and allocation keys
Indirect costs collected in management
accounting should be allocated on direct
costs to calculate the total cost of products or
services provided. The allocation should be
made based on a hierarchy modeling the
dependence between the ones executing
direct activities and the ones executing
indirect activities. Internal management
accountants use allocation keys to distribute
indirect costs to direct costs.
Whitepaper – Informative Document, January 2013
Performing
calculation
costs
variances
In general, the execution of products or
services is performed at a standard cost,
according to a preconfigured works estimate.
This occurs because, at the time of work
completion, we do not know in detail all the
indirect costs that contribute to the
completion of the said product or service.
Management accountants must, after
allocation of indirect costs, calculate the real
cost of products or services provided and
emphasize the cost variances between the
real cost and the standard cost.
Genesis Cost Accounting, together with
Oracle Projects, provides real cost accounting
methods of products and services provided,
as well as emphasis of cost variances.
9
10. Transaction
accounting
Fig.5. Cost variances report
Internal management accountants use
Genesis Cost Accounting to perform the
post-calculus of products and services. They
provide the financial accountants with the
cost variances necessary for the accounting
corrections imposed by the use of standard
cost in evaluating the finished goods, stored
and unsold at the end of the month. For this
reason, management accounting is all the
more necessary for the companies providing
finished goods.
phases
in
management
Management accounting must record the
operations in phases, in a specific sequence:
centralized
collection
of
financial
information; hierarchical and order-based
allocation; cost accounting of work in process
incomplete at the end of the month; final
cost accounting of product and cost
variances; closing operations in management
accounting.
Genesis Cost Accounting offers the features
enabling the phases operating and
controlling of management accounting
processes.
Performing cost accounting for
work in process
Companies perform products or services
upon internal or external customers’ request.
Internal orders, together with external ones,
represent calculation, analysis and reporting
dimensions in management accounting. Not
always work’s job associated to orders is
completed at the end of the month, the
moment for financial balance sheet and
revenue and expenditure closing balance.
With Genesis Cost Accounting, the costs of
work’s job become actual expenditures, used
in the financial accounting only in the month
when the work is completed.
The internal management accountant uses
Genesis Cost Accounting to successively
launch collections, allocations, computing
and closing transactions needed for the
management accounting.
Genesis Cost Accounting adds cost
accounting mechanisms for work in process
to Oracle Projects.
Performing
transactions
for
management accounting with
balanced journals
Internal management accountants use
Genesis Cost Accounting for cost accounting
of product and internal services work in
process incomplete at the end of the month.
They communicate these values to the
financial accountants performing financial
transactions for work in process.
The management accounting is standardized
in many European countries as a special
accounting, different from the financial
accounting, with balanced journals using
class 9 accounts.
Whitepaper – Informative Document, January 2013
Fig.6. Transaction phases
Genesis Cost Accounting uses Oracle Projects
to perform transactions with balanced
journals using class 9 accounts. Management
accounting transactions are: collecting
financial data for centralized analysis,
perform allocations based on internal orders
10
11. or hierarchical allocation, cost variations
calculation and the cost of work in process
incomplete at the end of the month, as well
as
management
accounting
closing
operations.
Accounting
transactions
generated by Genesis Cost Accounting from
Oracle Projects are transferred in Oracle
General Ledger module, in specific logs, in
order to run the Management Accounting
Balance Sheet report.
Whitepaper – Informative Document, January 2013
Fig.7. Class 9 trial balance
Internal management accountants use the
Management Accounting Balance Sheet
report to audit the operations performed and
extract necessary data for financial
corrections.
11