OPM Financial uses actual costing to value inventory transactions such as purchases, production, and shipments. It calculates actual costs based on the recorded costs of materials, resources, and overhead. The actual cost of an item can be viewed at different levels and is impacted by transactions like production batches, expense allocations, adjustments, and inventory transfers. Setup involves defining cost types, calendars, components, policies, and enabling actual cost processing for items.
Oracle EBS ERP user group presentation. Originally presented in April 2007 at the COLLABORATE 07 conference in Las Vegas. Addresses EBS 11i but relevant to R12!
This presentation is about how to Create Line Sets like Ship / Arrival / Fulfillment in Oracle Order Management and Functionality as well as advantages of having line sets.
Oracle EBS ERP user group presentation. Originally presented in April 2007 at the COLLABORATE 07 conference in Las Vegas. Addresses EBS 11i but relevant to R12!
This presentation is about how to Create Line Sets like Ship / Arrival / Fulfillment in Oracle Order Management and Functionality as well as advantages of having line sets.
Meaning & Definition
Objectives of Cost Accounting
Advantages of Cost Accounting
Difference between Cost Accounting and Financial Accounting
Cost concepts and classifications
Elements of cost
In this 30-minute session, you will learn:
1) ERP’s role in capturing manufacturing costs
2) The different methods used to track manufacturing costs
3) How overhead is calculated in total cost
A power point presentation describing some basic definitions, father of cost accounting, Indian aspect of cost accounting and Various Methods and Techniques of costing.
Presented by: Aquib Ali, Ajay Gupta and Ashwin Showi. (M.Com students)
at the Bhopal School of Social Sciences(BSSS) on 6 September, 2017
Welocme to ViralQR, your best QR code generator.ViralQR
Welcome to ViralQR, your best QR code generator available on the market!
At ViralQR, we design static and dynamic QR codes. Our mission is to make business operations easier and customer engagement more powerful through the use of QR technology. Be it a small-scale business or a huge enterprise, our easy-to-use platform provides multiple choices that can be tailored according to your company's branding and marketing strategies.
Our Vision
We are here to make the process of creating QR codes easy and smooth, thus enhancing customer interaction and making business more fluid. We very strongly believe in the ability of QR codes to change the world for businesses in their interaction with customers and are set on making that technology accessible and usable far and wide.
Our Achievements
Ever since its inception, we have successfully served many clients by offering QR codes in their marketing, service delivery, and collection of feedback across various industries. Our platform has been recognized for its ease of use and amazing features, which helped a business to make QR codes.
Our Services
At ViralQR, here is a comprehensive suite of services that caters to your very needs:
Static QR Codes: Create free static QR codes. These QR codes are able to store significant information such as URLs, vCards, plain text, emails and SMS, Wi-Fi credentials, and Bitcoin addresses.
Dynamic QR codes: These also have all the advanced features but are subscription-based. They can directly link to PDF files, images, micro-landing pages, social accounts, review forms, business pages, and applications. In addition, they can be branded with CTAs, frames, patterns, colors, and logos to enhance your branding.
Pricing and Packages
Additionally, there is a 14-day free offer to ViralQR, which is an exceptional opportunity for new users to take a feel of this platform. One can easily subscribe from there and experience the full dynamic of using QR codes. The subscription plans are not only meant for business; they are priced very flexibly so that literally every business could afford to benefit from our service.
Why choose us?
ViralQR will provide services for marketing, advertising, catering, retail, and the like. The QR codes can be posted on fliers, packaging, merchandise, and banners, as well as to substitute for cash and cards in a restaurant or coffee shop. With QR codes integrated into your business, improve customer engagement and streamline operations.
Comprehensive Analytics
Subscribers of ViralQR receive detailed analytics and tracking tools in light of having a view of the core values of QR code performance. Our analytics dashboard shows aggregate views and unique views, as well as detailed information about each impression, including time, device, browser, and estimated location by city and country.
So, thank you for choosing ViralQR; we have an offer of nothing but the best in terms of QR code services to meet business diversity!
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
A tale of scale & speed: How the US Navy is enabling software delivery from l...sonjaschweigert1
Rapid and secure feature delivery is a goal across every application team and every branch of the DoD. The Navy’s DevSecOps platform, Party Barge, has achieved:
- Reduction in onboarding time from 5 weeks to 1 day
- Improved developer experience and productivity through actionable findings and reduction of false positives
- Maintenance of superior security standards and inherent policy enforcement with Authorization to Operate (ATO)
Development teams can ship efficiently and ensure applications are cyber ready for Navy Authorizing Officials (AOs). In this webinar, Sigma Defense and Anchore will give attendees a look behind the scenes and demo secure pipeline automation and security artifacts that speed up application ATO and time to production.
We will cover:
- How to remove silos in DevSecOps
- How to build efficient development pipeline roles and component templates
- How to deliver security artifacts that matter for ATO’s (SBOMs, vulnerability reports, and policy evidence)
- How to streamline operations with automated policy checks on container images
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Le nuove frontiere dell'AI nell'RPA con UiPath Autopilot™UiPathCommunity
In questo evento online gratuito, organizzato dalla Community Italiana di UiPath, potrai esplorare le nuove funzionalità di Autopilot, il tool che integra l'Intelligenza Artificiale nei processi di sviluppo e utilizzo delle Automazioni.
📕 Vedremo insieme alcuni esempi dell'utilizzo di Autopilot in diversi tool della Suite UiPath:
Autopilot per Studio Web
Autopilot per Studio
Autopilot per Apps
Clipboard AI
GenAI applicata alla Document Understanding
👨🏫👨💻 Speakers:
Stefano Negro, UiPath MVPx3, RPA Tech Lead @ BSP Consultant
Flavio Martinelli, UiPath MVP 2023, Technical Account Manager @UiPath
Andrei Tasca, RPA Solutions Team Lead @NTT Data
Elevating Tactical DDD Patterns Through Object CalisthenicsDorra BARTAGUIZ
After immersing yourself in the blue book and its red counterpart, attending DDD-focused conferences, and applying tactical patterns, you're left with a crucial question: How do I ensure my design is effective? Tactical patterns within Domain-Driven Design (DDD) serve as guiding principles for creating clear and manageable domain models. However, achieving success with these patterns requires additional guidance. Interestingly, we've observed that a set of constraints initially designed for training purposes remarkably aligns with effective pattern implementation, offering a more ‘mechanical’ approach. Let's explore together how Object Calisthenics can elevate the design of your tactical DDD patterns, offering concrete help for those venturing into DDD for the first time!
Elevating Tactical DDD Patterns Through Object Calisthenics
EBS-OPM Costing.docx
1. OPM Financial
Mainly Actual Cost
All material and resourcetransactions in a "process enabled" Inventory Organization arecosted using OPM Costing.
Using the following cost methods:
• Standard Costs
• ActualCosts
• Lot Costs
Valuing all Transaction on (* inventory * Purchasing * Shipping * Production)
- Business Flow for costing
2. Mainly we will use Actual cost:
- Record and verify transactions.
- Run the Actual Cost process, view, and verify the costs.
- If the costs are correct,then run the Inventory Close
- Cost Update processes in the final mode.
- Run the OPM Accounting Preprocessor
- Create Accounting process to
- createaccountingentries in the OPM Subledger.
- Use theCreate Accounting process again to export the Subledger Journals toOracle General Ledger.
Defining Costs:
OPM Cost Management lets you define costs by:
1-Inventory Organization:
Using OPM Costing, you can maintain different costs for an item at different Inventory Organizations.If several
organizations havethesame cost, the Cost Organization Association can be used to sharethe same cost across these
organizations,by eliminatingtheneed for maintainingduplicatedata.
2- Item
Define costs for individual items.
3- Cost Calendar and Period
Define costs for each period in the cost calendar.
4-Multiple Cost Types:
OPM Costing supports different Cost Types that can be used to monitor and analyzecosts. It has the ability tostorecost
of a single item in multiple cost types at any given point of time, though only one is used for inventory valuation in
OPM Sub-ledger.
The cost methods supported are:
• Standard Cost
• Actual Cost
• Lot Cost
3. Cost Component:
Item Cost can break down to multiple Levels to trackand AnalyzeCost
Cost Component Classes “التكلفه مكونات ”فئات
Identify individual buckets or component costs that make up the total cost
Each component class can be classified to 5 Diff elements"التكلفه مكونات"انواع
Material,
Resource,
Overhead,
Expense allocation,
Standard Cost Adjustment
Analysis Code:
Classes component can be broken into lower Level for analysis which is analysis Codes
4. Establishing Actual Costing:
Calculate Item costs based on actual inventory and resourcetransaction data
Business transactions that are used to calculate the actual costs:
- Purchasingreceipts including Freight and Special Charges estimated on the PO, returns,and corrections of receipts
- Paid Invoices
- Batch ingredient consumption and resourceusage
- Opening inventory balances
- Cost overheads
- Cost adjustments
- General Ledger Expense allocations for indirect overheads
- All material transactions includinginternal order receipts
ال المصرفات و االداريه االقسام زى... مباشره الغير التكاليف توزيع طريقه
نثريه
“Allocating General Ledger expense is a method by which you can distributetheindirect expenses of manufacturing(such as
administrativeand general expenses)”
For Knowledge:
5. Retroactive Pricing
OPM costing affected by RetroactivePricing for Changing PurchasingPrice WhilePurchasingCycle
Monitoring Costs
OPM Cost Management provides several reports and inquiries to monitor and analyzecosts:
• Item Cost report
• Allocation report
• Subledger reports
• Lot Cost History report
6. Setting Up
1- Item Master :
The items to be recognized and costed in OPM Cost Management must to define as
* Inventory Asset Flag
Enable the Inventory Asset Flag on the Costing tab to track an asset item.
* Recipe Enabled, Process Costing Enabled, Process Execution Enabled attributes on the Process Manufacturing tab
to use organization items in formulas and recipes as well as in OPM Cost Management.
* Addto yourAccount Res. OPMFinancial Res.
AndFrom OrganizationAccessGive Orgaccessto OPMFinanical toOrg MLP
7. 1- Cost Types
OPM Costing support 3 types of Cost typeto Calculate item cost
A- Standard Cost
B- Actual cost
C- Lot cost
Actual Costing:
The product costs are not based on theformula, routing and recipe details but rather based on actual consumptions of
materials and resourceusage recorded in the production batches
Actual Cost Methods Supported:
• Period moving average cost (PMAC) Previous Period and Current
• Period weighted average cost (PWAC) Current Period
• Perpetual weighted average (PPAC) Total Price /Total Qty. “Regardless Periods”
+
• Last transaction (LSTT)
• Last invoice (LSTI)
Last Transaction and Last Invoice methods are supported only for Raw Materials.
8. • LSTT - This method uses the last transaction within thecostingperiod, regardless of whether thetransaction is a receipt
or an Accounts Payableinvoice.
• LSTI - This method uses the last Accounts PayableInvoice transaction within thecostingperiod, even if thereare latest
receipts with estimated prices.In the absenceof AP invoice transactions thelatest receipt will beconsider ed for the actual
cost.
10. LOT Cost
2- Cost Calendar
A costcalendar canbe sharedacross multiple costtypes andlegal entities
The costing calendar is completely separate fromthe fiscal calendar and the periods there in.
OPM financial Setup costCalendar
12. 3- Defining Component Groups:
Components groups can be used for custom reportingand analysis
As Material, Labor,overhead
4- Defining Cost Component Classes
5- Defining Cost Analysis Codes:
An individual component cost identified by a particular cost component class can be further broken down using cost
analysis codes for more granular trackingof costs.
(to analyzeCosting 5 Classes*Material,Resource,overheads,Expense allocation,standard adjust* )
13. Lower Level is Direct or indirect
6- Defining Costing Organization Associations
OPM maintains separateitem costs for each inventory organization
Sometimes I need to sharecost at Specific org to other org to be the same cost at this case you have to associateother Orgs
to Costing Org
14. 7- Defining Fiscal Policies
The Fiscal Policy options define the Legal Entity-wideparameters thatdeterminethe cost type that will be used
for inventory valuation,thedefault material and overhead cost components and analysis codes for actual cost
processing, additional cost types used for costingsimulations
SelectLegal EntityandLedger& currency thanadd ValuationMethod
For Each L.E
Can select one Valuation Method
Then at Event Fiscal Policy
Select Book inv.at Receipt Price االستالم اثناء الشراء امر سعر هو التقديري السعر هيعتبر
Assign Valuation Method
Relate cost type to Set of Books for Legal entity
16. The Same as Purchase Cost factors as Freights, Bank fees,others
Allocation Base الوحده قيمه هو التوزيع اساس
Resource Cost
OPMfinancialResource Cost
You have Firstto Define Resource thenatResource CostAssignHourCostfor Each Resource
It has to Change everyPeriod
17. Setup and Configuration Steps for Cost Management Command
Center
To complete setup of the Oracle Cost Management Command Center, you must perform thefollowing:
1. Cost Management Profile Options,
2. Loading Cost Management Data, page 3-60
Run the concurrent program Cost ManagementCommand Center Data Load
Using Actual Costing
18. Transactions Impacting Raw Material Costs:
- Purchasing Receipts and Invoices
- Inventory Transfer
- Transfers between Process and Discrete Organizations
- Actual Cost will consider theinventory transfers between process inventory organizations within thesame Legal Entity at
the source organization cost.
- Transfers that go across Legal Entities, the transfer price is used.
- Transfers that originatefrom a discrete inventory organization toa process inventory organization or vice versa, transfer
price is used regardless of whether thetransfer is within or across Legal Entities
In thecase of process to discreteor discrete toprocess transfers, thedifference between the sending organization's cost
and the transfer priceis captured in a new account called Inter-Org Profit account
“The profile, CST: Transfer Pricing Option, in Oracle Costing controls whether to use transfer priceto cost internal order
transfers across operatingunits and if so, whether to use the transfer priceas incoming cost or not. The profile is used
only for transfers from Discrete to Discrete Inventory Organizations only.”
• No support for lot level costingis provided across such transfers
• No support for elemental/subelemental visibility is provided across the transfer sincea transfer priceis being used
Changes to Shipping Networks Window
The Shipping Networks window,in theOracle Inventory application,includes a tab Transfer Price. This tab includes two
fields, Price List and Inter-orgProfit Account. The price list is used to derive the transfer pricewith thestatic pricing
option by both the OPM cost processor and Oracle Costing PAC cost processor.The perpetual costing processors of
Oracle Costing will ignore thetransfer price. The Inter-Organization Transfer form is used to createa transfer between
any two organizations.Set up a transfer pricebetween twoorganizations if the transfer happens between a process and
discreteorganizations.If the transfer pricecannot be derived at the transaction creation time,then thetransfer fails.
Production Batch Costs:
Actual ingredientusage from Production is captured for closed batches
19. Reopen a Production Batch
The Actual Cost process lets you reopen a batch tocorrect entries.If the batch details wereused in calculatingthe actual
cost of a product,then a warningmessagedisplays.
Run the Actual Cost process again to ensure that thecosts are accurateand reflect the changes. If a batch is already posted
or has contributed toa frozen actual cost, then it cannot be reopened.
Rework Batches
For reworkbatches the product issued for reworkuses the previous period cost, regardless of when theoriginal batch
that produced the product is processed.
Inventory Transfer of Products:
اساس على المنتج الصنف تكلفه لحساب مختلفه حاالت
1- Product completed Within Period
2- A product in a destination inventory organization and transfer is completed across periods
3- A product in a source inventory organization and thetransfer is canceled across periods.
The canceled transfers within a period are ignored.
Setting Up Expense Allocations:
Accrued indirect costs (such as material overhead) maintained in accrual accounts can be included in actual cost
calculations.
These accrued costs arecaptured from General Ledger
Define theparameters toallocate accrued costs automatically todesignated cost component classes
Expense Allocation Setup Chronology
1. Define Allocation Codes
2. Define Expense Allocation Accounts
3. Define Allocation Definitions
21. Material Cost component Class
If you want to tracktheentire batch from the individual raw material tointermediary and end product, then setup a
unique component class and analysis code for the raw material and ingredient calculation.
22. Defining Adjustment Reason Codes:
Use the Actual Costs Adjustments toenter the adjustment costs.You must specify a valid reason code
If you have enabled the Landed Cost Management functionality for your organization, then theActual Cost Process considers
the estimated and actual landed cost adjustments in cost calculations
Prerequisites:
- Enter Purchase Receipts and invoices
- Enter Freights and Charges
- Close production Batches
- Apply Expense allocation
- All actual cost adjustments must becompleted
- Previous Period has to be closed
Then to run Actual cost Process:
23. Select LE , Cal, Period &Cost Type Then accept
Note: The Actual Cost Process does not calculate costs for expense items. The process calculates costs for
inventory items only. If you want the process to include the expense of an item in cost calculations, then you
must include the item as an inventory item.
Show Cost:
Actual Cost
You can Show Actual Cost Transactions per item from
1- Actual Cost View transactions
2- From Item cost find item then from Action Actual transactions View
24. Using Actual Cost Method for a Product Item, the costs from Ingredients are displayed at Lower Level. Actual Item cost
based on PO Receipts, Resource Cost on Product,Expense Allocations, Overheads, actual Cost Adjustments aredisplayed
at This Level cost
Viewing Item Cost List
To show List of item Cost
From Action Item Cost List from
25. Using Actual Cost Adjustments:
This option lets you adjust the final calculated actual cost of a raw material or product based on quantity and unit cost.
Value adjustment is done on the sum of prior period end inventory onhand balanceand current period transactions.
Find Item
26. Let’s you choose the type of cost adjustment in Adjustment Type.
The optionsare:
• Average Cost Adjustment
The Average Cost Adjustment type lets youenter a quantity and a cost.
The Actual Cost process considers these transactions similar toa purchaseorder receipt
• Value Adjustment
Let’s you enter an adjustment without a quantity with a valueto apply to theentire quantity
• Unit Cost Adjustment
LCM and OPM integration.
In theReceiving Options window,select an account from the list of values in
The fields for the following LCM accounts:
• Landed Cost Absorption (This account is applicable to OPM Cost Management.)
• Landed Cost Invoice Price Variance
• Landed Cost Exchange Rate Variance
• Landed Cost Tax variance
• Landed Cost Default Charge account
• Landed Cost Variance
Scenarios for Actual Cost
1-Item estimate is same as PO Price, but different than Invoice price
At PO creation
27. • Item PO Price: $9 (invoice matching:receipt)
• Tax set up; exclusive tax:10%; recoverablerate:50%
At receipt
• Receipt qty. = 10 each
* Item cost (estimated): $9/ each) cost at receipt
* Freight (estimate): $1/ each) [As per Charges setup]
Landed Cost calculation
• Item cost: $9/ each [At PO Price]
• Tax (non-recoverable): $0.45/ each [PO Price $9, Tax Rate10%, Non-RecoverableRate 50%]
• Freight: $1/ each
• Estimated landed cost: $10.45/each [PO Price + Non-RecoverableTax + Freight]
Invoicing
• Item Invoice comes at $110 (Item $100 + Tax $10, $5 recoverableand $5 non-recoverable)
• Freight Invoice $20
• Actual Landed Cost = $125 (Item $105 + Freight $20), Unit LC = 12.5 ($125/10 Each).
Incase needed
The GMF: Landed Cost Adjustments Transfer Method to Inventory in Actual Costing profile option is set to Apply LC
Adjustments based on the Period Opening Balance option
Journal at Receipt
Journal at Delivery
29. Landed costing with returns "
الخاصه المرتجعات
بالموردين
"
Let us now consider procure to pay cycle with returns.
30. Item Actual Cost =12.5
When Return will not return Freight invoice so will return only item Cost without Freights
= 12.5-2(Freight/Each) =10.5
Actual Cost Returned is 10.5$
No. of Returned Item = 5
Returned Value = 5*10.5=52.5$
31. 1- After Receipt PO
From purchasingRes. run
A- Landed cost integration Manager
2- From LCM Res. Run
B- Shipment interface import
“Which Create automatic shipment and CalculateEstimated Cost “PO Price+ advanced purchasing*Freights
and Services *””
3- After invoice entry and Validate
From LCM Res. Run
C- Match interface import
D- Submit Pending shipment
To Calc. Actual LCM
Case OPM financial Enabled from OPM financial Res.
4-Landed cost adjustment import
32. 5-Actual cost Processor
6-Cost Update
7-Opem Create Account Preprocessor
8-Create Accounting
COPY COST:
Allow you Copy item Cost, Overhead,Resource from Org to
another or from Period to another or from Org to All
1- Copying Item Costs:
Source = from org or calendar or Period
Target = TO
At this Example I will copy item Cost from period Nov 21 to Dec21
33. 2-Copying Resource Costs
To Copy Cost of Resources (Labor & Machine) from Period to another
Production Batch cost:
Period Moving Average Cost (PMAC)
34. OPM calculates the cost of theproduct based on closed batches in this period, and also on prior-period inventory balances
and period costs.
Production Batch unit Costs:
Actual ingredient usage from Production is captured for closed batches.Ingredient cost is calculated by the actual cost
raw material method for your cost method. Actual resourceusage, count, and throughput are captured in theOPM
Process Execution application.Resource rateor nominal cost is entered in costing. Batch unit cost is calculated by
dividing -- the sum of ingredient quantity,multiplied by the ingredient actual cost, plus the sum of resourceuse
multiplied resourcerate – by the batch item quantity,as shown in the following illustration:
Period Product Unit Cost is calculated by dividing -- thesum of the period batch quantity multiplied by batch unit cost,
plus the sum of allocations multiplied by the sum of adjustments -- by thesum of all period batch quantity,as shown in
the following
Reopen a Production Batch
The Actual Cost process lets you reopen a batch tocorrect entries.If the batch details wereused in calculatingthe actual
cost of a product,then a warningmessagedisplays.Run the Actual Cost process again to ensure that thecosts are
accurateand reflect the changes. If a batch is already posted or has contributed to a frozen actual cost, then it cannot be reopened.
35. Period-End Cost Processing:
Steps to close Cost Period:
1-RunningCost Update:
To createjournal entries and other activities such as book variances.The Cost Update process creates the necessary cost
records for this purpose
The Cost Update process freezes recipes, formulas, routings,and operations.When a period status is frozen, a concurrent
process runs and freezes the associated recipes, formulas, routings,operations,and recipe validity rules.If the concurrent
process fails to run, then only run the GMD Costing Status Update concurrent process to manually freeze the formulas,
recipes, routings, and operations.
When Cost update run successfully it freeze Cost Period
Make Sure One you run final update, only new item cost will be updated
To View update result
Use the sameform “Cancel” and inquiry ref. No
36. From Action you can:
1- Start , Process status ,incase Wrongrun of failure abort /Reset
2- Show Error of Cost update
Before Close Period you haveto adding or modify Expense allocations:
Incase Modification needed or add another Expenses
37. Actual Cost Period-End Processing:
Actual Cost Period-End Processing flow:
1- Ensure all transactions (in Production,Inventory,Sales, and Shipping) are completed and then run the Inventory
close process either in the Preliminary or Final mode.
* You Cannot Close Period before run Cost Update “Final”*
To Close Cost Period From OPM Financial Run Request
“GMF Period Close Process for Process Organizations”
Make sure to run with Final close “NO” for the first Time
You can then select either the options Preliminary Close or Final Close.
• Preliminary Close (option Final Close=No) - Period has been closed to transactions, but you may still
open it and post transactions for the period
• Final Close (option Final Close=Yes)- Transactions will no longer post for the period (balances have
been frozen; you cannot open the period again)
38. IMPORTANT NOTE : do not use Oracle Inventory Close function for Process Organizations!
Closing the period using "GMF Period Close Process " generates period balances data and will be used
in inventory valuation report, and this is not done when using Oracle Inventory Close function
2- Create necessary actual cost adjustments,expenseallocations,and cost overhead data and run the Actual Cost
process
3- Run preliminary cost updateand OPM Accounting preprocessor and review the results.
4- If the costs are correct and thereare no reconciliation issues, then run theinventory close and cost update process
in the final mode. Also, run the OPM Accounting preprocessor and Create Accounting process to create
accountingentries in OPM Subledger. Finally, run the Create Accounting process again to export the Subledger
Journals to Oracle General Ledger.
41. Accounting Setup:
Oracle Subledger Accounting (SLA), lets you customizethe way accountingis performed for a specific event
Application shared for all Modules, if I need to use it with OPM so, you haveto open From OPM Responsibility
OPM Financial SetupSubledger Accounting SetupAccounting Method Builder Method and Definition
Subledger Accounting Method
(1) Subledger Accounting Method -level (1)
By Default will be owned by Oracle Which Not Editable So, you have to Copy it to be owned by User
42. Subledger Accounting Method which Consist of (Application + Application Accounting Def.)
Example:
Application Application Accounting Def.
Process Manufacturing Financials Process Manufacturing Financials (Owned by Oracle)
Copy it
43. Application Account Def. will only be availableone click on OPM Application as below
(2) Application Accounting Def. Level (2)
Consist of 2 Parts (Event + Journal Line Def.)
Copy seeded On to User to be Applicablefor modification
44. COPY
After Copy
You have to Validate Compilation Status First
---------------------------------------------------------------
Preferred after Complete all setup
Press on validate
45.
46. 3-Journal Line Def. Level (3)
Consist of (Journal Line type + Account Derivation Rule)
الحساب بيها هكون اللى والطريقه حساب فرده كل
For Example Journal Line Def. for Event class PO Receipt
Open Journal Line Def.
57. 3- Value Adjustment Type
4- Unit Costadjustment
C-Production Distribution
There are several stages in a production cycle; Batch Release, Step Completion, Batch Completion, and Batch Close.
At each stage, different types of transactions aregenerated.
Adjustment must performed before the batch close.
Close represents thefinal close of a production batch indicatingthat all transactions havebeen completed. This prevents
any further transactions againstthe closed batch and the status is changed to Close.
Batch Release with Routing using Actual Costing
58. Batch Completion with Routing
Production step certification with Routing using actual costing:
Batch Close with Routing:
59. There are threereasons why amounts areposted to the close variance:
• You might get a non-zeroclose varianceif the batch was released in one cost period and the debit to WIP is valued at
one cost, but the batch was completed in a later cost period when the credit to WIP for the same quantities is valued at a
different cost. This results in a left over balanceWIP due to the cost change and must be cleared out.
• If you book batches using average cost with PWAC, then batches will haveeither a positiveor a negative difference.
During the period, they balanceeach other out.
• If you select an average actual costing with PMAC, then the costs include period ending balancewhich results in a
variance
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Oracle Order Management Distribution for Process Organization
Oracle Purchasing Distribution for Process Organization
60.
61.
62.
63. ActionPlan
Res.(PurchasingSuperuser,InventorysuperUser,OPMfinancial,LCM)
1- Make Sure to add cost CategoryCode Foritem
2- Purchase Packagingitem
3- Receiptitemand(fromPurchase RunLandedCostintegrationManager)
4- Calculate LCM(shipmentinterface Import)
5- Match Invoice andCreate Charges
6- LCM (runMatch interface Import) and(SubmitPendingshipment)
7- OPMFinancial(RunLandedCostadjustmentimportProcess)
8- Run actual Cost ProcessorCheckitemCost
9- Run CostUpdate
10- Run OPMAccountingPreprocessor
11- Run CostaccountingDraft
12- Run Detailedsubledgeraccounting
1-Item:06AB01/01
CheckMappingSet forinventoryValuation“tobe setfor InventoryValuation BasedonitemCostCategoryset”
86. Replace SeededJournalLine Def.byuserone
ThenValidate
Inventory Organization Transfers :”Inter-org Transfer”
Inventory transfer functionality lets you transfer material from one organization toanother (within thesame legal entity
or between processes to discreteorganizations).
Inventory transfer creates twotransactions onefor each organization involved. At the time of shipment,Entries for Source
org At the timeof receiving Entries for Destination Org
1- Process to Process Org (Within theSame OU)
For transfers that go across operatingunits,a Transfer Price is required and the applicabletransfer priceis used as the
cost of thetransfer in thereceiving organization.
87. ال نفس ليهم االتنين لو
OU
ال هيحتاج مش فبالتالي
Transaction Pricing
Class Type
Direct Interorg Shipment Direct Interorg Shipment,no Transfer Pricing at Source
Direct Interorg Receipt Direct Interorg Receipt, no Transfer Pricing at Des
لو اما
OU
هيحتاجوا فبالتالى مختلفه
transaction PriceDefined
Class Type
Direct Interorg Shipment Direct Interorg Shipment, Transfer Pricing at Source
Direct Interorg Receipt Direct Interorg Receipt, Transfer Pricing at Des
.
1- No transfer Price
89. At Receiving Organization
Direct Transfers Across Operating Units
Distribution created in the Sending Organization based on the shipping transaction The interorgprofit account is used
to capturethe difference between the transfer price and the item cost in the sending organization.
At Source “Shipper”
90. IOPR Profit at Shipper Org (Price at Shipper org – item Cost)
Journal Line def.
Copy Def.
ForReceipt
92. Scenario (2) Batch Transactions
There are several stages in a production cycle:
Batch Release
Step Completion
Batch Completion
Batch Close.
Adjustments can still be made to ingredients, byproducts,coproducts,and product quantities.The adjustments made
after Step and Completion, but before the batch close
1- Batch Release With RoutingusingActual Costing
2- Batch CompletionwithRouting
If there isallocation
93. 3- Step completion
4- Batch Closewith Routing
When a production batch is closed, variances are not calculated for Actual Costing companies. Any remaining
WIP amount is cleared and posted to the CLS account: Closing Variance(CLS)
There are three reasons why amounts are posted to the close variance:
1- If the batch was released in one cost period and the debit to WIP is valued at one cost,but the batch was
completed in a later cost period when thecredit to WIP for the same quantities is valued at a different cost. This
results in a left over balanceWIP due to the cost change and must be cleared out.
2- If you book batches using averagecost with PWAC, then batches will haveeither a positive or a negative
difference. During the period, they balanceeach other out.
3- If you select an average actual costingwith PMAC, then the costs include period ending balancewhich results in
a variance.