Table of Contents For The Oracle Cost Management User's Guide, Release 12.1.3 (Part No. E13635-05)
(Doc ID 1053693.1)
Last updated on MAY 06, 2019
Oracle Cost Management - Version 12.1.3 and later Oracle Landed Cost Management Information in this document applies to any platform.
The purpose of this document is to increase search-ability and find-ability of the Oracle Cost Management User's Guide, Release 12.1.3 (Part No. E13635-05).
Oracle Cost Management is a full absorption, perpetual, and periodic cost system for purchasing, inventory, work in process, and order management transactions. Cost Management supports multiple cost elements, costed transactions, comprehensive valuation and variance reporting, and thorough integration with Oracle Financials.
Cost Management automatically costs and values all inventory, work in process, and purchasing transactions. This means that inventory and work in process costs are up-to-date, and inventory value matches the cumulative total of accounting transactions.
Cost Management provides flexible cost setup features, including multiple cost elements and unlimited subelements, unlimited resources and overheads, and unlimited activities. You can use one or more of the following cost elements: material, material overhead, resource, outside processing, and overhead. Subelements enable you to analyze costs in greater detail. For example, you can have multiple material overhead subelements, such as purchasing, material handling, freight, duty, and so on. This flexibility enables you to accurately define and maintain costs and associate them with items.
Cost Management provides flexible account setup, including accounts by organization, subinventory, and work in process accounting class so that you can distribute costs to the proper expense accounts and capture valuation in the proper asset accounts.
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