Slide 3 - Oracle Inventory and Cost Management Cloud Release 11
Slide notes
Hello, my name is Srini. Welcome to training for Release 11. In this session we will talk about how to configure cost accounting using quick setup.
Notes
Slide 4 - Agenda
Slide notes
For the enhancements covered in this training, we’ll give an overview, followed by more detail to explain how you can use them, and what business value they bring.
Then, we’ll walk you through a demonstration.
Next, we’ll explain what you need to consider before enabling these features in your business, and what you need to know to set them up.
Notes
Slide 5 - Setups in Fusion Cost Management
Slide notes
Here are the various set ups required to make Cost Management applications work. The mandatory setups are highlighted. As you can notice, there are quite a few setups that are mandatory that need to be configured to derive the best out of the Cost Accounting system. The user has an option of doing a manual setup of each of these entities or use the Quick Setup to perform an automatic set up that uses some assumptions and pre-determined values for setup entities.
Notes
Slide 6 - Enhancements Overview
Slide notes
Using the Quick Setup task, the users can quickly configure and get the cost accounting application up and running with minimal effort. The quick setup task performs a series of setup tasks with default values. The quick setup task requires some basic information on cost organization and cost method that the user wants to use. Once the quick setup task creates the various entities, you can extend and embellish the data if necessary.
Here we show the steps that are followed by the quick setup process, where all the entities in red are automatically created, while the user entered activities are marked in pink.
Notes
Slide 7 - Configure Cost Management using Quick Setup
Slide notes
Once the business unit is chosen, the cost accountants are prompted to enter the cost organization and cost method. When they click on the Implement button, the quick setup task performs a series of tasks and setups data in the UIs listed here.
Notes
Slide 8 - Configure Cost Management using Quick Setup
Slide notes
The quick setup task is very useful to help the cost accountant get the costing system up and running with minimal effort. It uses the minimal information provided by you and uses commonly used data and assumptions to perform the cost accounting setup. The data created by the quick setup task can be reviewed and can be changed before actually going live/using them.
Notes
Slide 48 - Summary of Enhancement Capabilities
Slide notes
Here is the summary of the features I have talked about today:
“Configure Cost Accounting using Quick Setup” was the first feature we discussed. It helps you to create all the mandatory setups with minimal input, while the second feature we discussed provides the ability to review results of the process that creates the setup.
Notes
Slide 49 - Implementation Advice
Slide notes
In this implementation advice section, we will go through what you need to consider before enabling these features in your business, and what you need to know to set them up.
Notes
Slide 50 - Feature Impact Guidelines
Slide notes
This table depicts key upgrade information for the new features covered in this training. The features are automatically available and are included with the Cost Accountant job role. Also, there is no specific setup required to enable these two features.
Notes
Slide 51 - Setup Data
Slide notes
This table shows the default data that is setup by the Quick Setup process. The cost organization is created with the user entered name, while other entities are created with commonly used values. The cost book is created with the name Primary and is selected as the primary cost book and associated with the cost organization. Also, one default value is created for each of the cost element type.
Notes
Slide 52 - Setup Data
Slide notes
A new cost component group called “Default Component Mapping” is created and the cost elements created in the previous slide are mapped to the seeded cost components. 6 cost profiles codes are also created for a combination of cost method and asset type. The valuation structure is created for a combination of cost organization and inventory organization. All these entities that are created are mapped to the cost organization and cost book combination.
Notes
Slide 53 - Job Roles
Slide notes
These features are accessible for the cost accountant job role.
Notes
Slide 54 - Business Process Model Information
Slide notes
The quick setup task is available in Manufacturing and Supply Chain Materials Management offering. Click on the “wheels” icon next to Cost Accounting to invoke the Quick Setup task.
Notes
Slide 55 - Associated Release Training
Slide notes
A training module that is recommended viewing related to these new capabilities is Cost Accounting Fundamentals. This concludes this presentation. Thank you for listening. You can pause and rewind any of these slides if you require additional time to take in the detail.
Notes
Slide 56 - Additional Resources
Slide notes
Notes
Page 10 of 15