Oracle OPM cost

Business Unit (OU): Oracle receivables, Oracle payables, Oracle sales, Oracle procurement, Oracle cash {
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} "Href =" javascript:; "target =" _ Self ">ManagementAnd the independent accounting entity of Oracle project accounting and other modules. Any organization with independent accounting is the "Business Unit" of the specified legal entity ". In the preceding modules, the business information is set {
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Inventory Organization: Use Inventory organization to track inventory business and balances, and/or the manufacturer to distribute goods. Oracle inventory, Oracle bill of materials, Oracle process {
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} "Href =" javascript:; "target =" _ Self ">DesignOracle sets up security control in the product, Oracle Master Production Plan/MRP, Oracle capability, Oracle quality, Oracle cost management, Oracle Supply Chain plan, and Oracle purchase (receiving function) according to the inventory organization. An inventory organization can specify any business unit under the same set of books. The relationship between an inventory organization and a set of books is limited to financial accounting purposes, the inventory organization determines the materials available to the sales and procurement modules (items ).

Account alias: Some miscellaneous transactions in the business process need to directly consume the inventory value to an account, such as decommission, inventory shortage, and other services. to make it easier for the operator to select an account, use the account alias to associate the miscellaneous business type or name with the account to form an account alias.

Cost analysis Classification: OPM cost provides analysis classification for materials, resources, and costs, mainly including Cost composition classification. Cost Analysis {
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The Cost composition category is used to define the detailed cost data elements to be viewed. The costs of Multiple ingredients, process routes, or indirect costs can be summarized to the cost classification. Multiple materials can be assigned to the same cost classification. If a formula contains multiple materials with the same cost composition classification, in the cost details, the cost of each material is categorized by the same cost. This facilitates cost classification management and analysis. (It can be understood as a cost element)

Recipe: A formula is a list of ingredients, products, and related quantities. A formula can be considered as a BOM for process manufacturing ); each batch of production management applications is based on the formula defined in the product development product; in the system, the formula is used for planning, and used for cost computing Management (CST) and advanced supply chain planning (ASCP)

Process Route: The process route defines the method or step used to produce the product. The process route consists of the process steps.

Resources: Resources refer to the various expenses (such as water, electricity, steam, and labor) consumed by production equipment and related equipment used for the corresponding activities ); resources refer to other resources, such as labor and manufacturing costs, required for material production in the production process. resources can be stored in the process route, the corresponding resources are absorbed by moving the process in the process route. Resources are generally associated with manual work hours or machine work hours.

PrescriptionA prescription is used to standardize all information structures of a product. It includes a formula for the resource relationship between materials (products, by-products, ingredients) and an essential part of the prescription. All non-materials (machine equipment, personnel) process route of the resource relationship. The route is optional for prescription.

Average moving cost calculation:

PMAC = (previous inventory margin * previous price) + (current transaction volume * price)/(previous inventory margin + current transaction volume ).

The average moving cost during the period is a cost computing logic in the actual cost mode. This formula is used to calculate materials, semi-finished products, and finished products in the system background.

The transaction concept of corresponding price calculation in the formula mainly refers to the system's actual cost calculation for the inventory transactions of procurement warehouse receiving and inter-company stock transfer warehouse receiving.

Production Cost calculation:

The computing of finished products is based on the closed production task:

Cost of production task (actual input amount of materials * average cost of materials + resource consumption * Resource rate)/product calculation of batch output per product: [(batch quantity * batch cost) + adjustment + allocation]/number of all products.

Inventory valuation: in actual costs, you can view the actual costs of a single product and material in the OPM cost view, the actual cost of these items is affected by the transaction of this month, which will lead to changes in value. At the end of the month, you can view the unit price of these product materials after completing the actual cost calculation process. The system provides inventory quantity at the end of the month * unit price valuation {
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} "Href =" javascript:; "target =" _ Self ">Reports. The total inventory valuation in the actual cost accounting mode should be consistent with the inventory balance in the book.

Book cost: in the actual cost, the system will generate corresponding cost collection subjects during the cost accounting process as the Workshop Material moves and the cost is collected.

Data warehouse receiving: DR: Materials

Cr: accrued liabilities

Workshop task dispatching: DR: Production Cost

Cr: Material

Workshop task return: DR: Materials

Cr: Production Cost

General Ledger cost collection: DR: Workshop-manufacturing cost/Production Cost

Cr: payable/payable

Close production batches and store finished or semi-finished products into the database:

DR: finished product cost/finished product Port

Cr: Production Cost

Oracle OPM cost accounting method:

The actual cost method is used to calculate the product cost and provide the actual inventory valuation relatively precisely at the financial level. Billing and accounting based on the actual cost. The unit cost of each receiving item is updated each time the materials are received into the database, and the actual cost of each item can be directly obtained. It is the cost information consistent with the gross profit analysis of a single item and the book. The system uses the moving average cost during the period as the assumption of the actual cost flow.

Features:

① Applicable to industries with large fluctuations in procurement prices

② Assess organizational performance based on historical and current costs

③ Financial accounting over financial management

④ Mainly applicable to distribution and other products with rapid changes in raw material costs {
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The actual cost of OPM can be calculated as follows:

Ø average mobile cost during the period (PMAC)

Ø weighted average cost during the period (pwac)

Ø permanent weighted average cost (PPAC)

Ø last Transaction Cost Method

The actual cost of OPM can be calculated as follows:

Ø average mobile cost during the period (PMAC)

Ø weighted average cost during the period (pwac)

Ø permanent weighted average cost (PPAC)

The actual cost accounting method for purchased parts is different from that for self-made parts. For example, the purchased parts can be calculated based on the weighted average cost (pwac) during the period, while the self-made parts can be calculated based on the average moving cost (PMAC) during the period.

During the period, the average mobile cost (PMAC) is calculated as follows:

PMAC = (inventory quantity at the end of the last period * Actual cost at the end of the last period + Σ (number of warehouse receiving in the current period * actual cost per unit)/(inventory quantity at the end of the last period + Σ (number of warehouse receiving in the current period ))

The average moving cost during the period is a cost computing logic in the actual cost mode. This formula is used to calculate materials, semi-finished products, and finished products in the system background.

In the formula, the transaction concept of the corresponding price calculation is mainly for inventory transactions of procurement warehouse receiving and inter-company stock transfer warehouse receiving. The system calculates the actual cost of these inventory transactions.

The weighted average cost (pwac) calculation method is as follows:

Pwac = Σ (number of warehouse receiving in current period * actual unit cost)/Σ (number of warehouse receiving in current period)

The Calculation Method of permanent weighted average cost (PPAC) is as follows:

PPAC = Σ (accumulative warehouse receiving quantity * actual cost per unit)/Σ (accumulative warehouse receiving quantity)

Production Cost Calculation method:

The Calculation of finished products is based on the closed production batch, and the cost of production batch is first collected.

(Actual input amount of materials * average cost of materials + resource consumption * Resource rate)/product calculation of the unit of batch output: [(batch quantity * batch cost) + adjustment + allocation]/number of all products.