Oracle Cost Management 2022 Certified Implementation Professional has explained the knowledge required to manage landed costs, manage subledger accounting, manage cost scenarios, and configure costing methods and Project Enabled Supply Chain. students who earn this certification are able to perform receipt accounting processes and analyze and resolve standard cost variances.

Managerial Accounting Overview

• Explain Cost Accounting and how it integrates with other modules

• Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost

• Explain key implementation decision points

Receipt Accounting Overview

• Describe the Receipt Accounting Work Area

• Explain Receipt Accounting

• Configure Accrue at period end

• Receipt Accounting processes

• Manage daily Receipt Accounting tasks

Cost Accounting Overview

• Describe the Cost Accounting Work Area

• Explain Cost Accounting

• Configure Costing methods (Standard, Perpetual, and Actual)

• Create Cost Accounting Key setups (Cost Org, Cost Book, Relationships, Elements, Components, Component Mappings, Valuation Structures, Cost Profiles, and Default Cost Profiles)

• Explain the Role of Costing Key setups and Cost policies

• Perform Cost Accounting processes & Reporting

• Manage Daily Cost Accounting tasks

Standard Costs

• Manage Cost scenarios

• Create Standard Costs, Resource Rates, and Overhead Rates

• Manage rolled up Costs

• Analyze and resolve Standard Cost variances

Landed Cost Overview

• Describe the Landed Cost Work Area

• Explain Landed Cost

• Configure Landed Cost Management

• Manage Charge Names, Referance types & Routes

Subledger Accounting

• Explain the Receipt & Cost Accounting Subledger

• Create Account Rules

• Create Journal Line Rules

• Create a Subledger Journal Entry Rule set

• Create an Accounting Method

• Explain the relationships of Subledger Components

• Analyze and resolve errors and exceptions

Costing and Inventory Foundations

• Explain Common Inventory Configurations

Projects Enabled Supply Chain

• Explain Common Projects Enabled SCM Configurations

• Manage Project enabled Work Orders