New Features in Cost Management Release 11
New features in this release include:
Manufacturing Average Costing
You can cost manufacturing transactions in an average costing organization. (This functionality was introduced as beta feature in Oracle Cost Management 10SC Production Release 16.1.) New users who install Oracle Applications with Release 11 will use the new average cost processor and will be able to take advantage of all the new average costing functionality including the ability to utilize resources, overheads, and material overheads in inventory and work in process. Users who upgrade to Release 11 from a previous release will continue to use the old average cost processor.
New options for costing completed assemblies as well as a variety of enhancements designed to accommodate Project Manufacturing Costing are also included.
See: Overview of Average Costing.
Project Manufacturing Costing
Cost Management provides project costing support. You can collect project costs from Oracle Inventory, Oracle Purchasing, and Oracle Work in Process and transfer these costs into the Oracle Projects Transaction Import Interface table. These transferred costs can then be imported into Oracle Projects using Transaction Import.
See: Transferring Project Costs.
Flow Manufacturing Costing
Work order-less completions, a feature of flow manufacturing, are supported in both standard and average costing organizations including organizations with project references. However, in this release work order-less scrap transactions are not supported.
See: Overview Flow Manufacturing Costing.
Item Cost History
If you are using average costing, you can use the new Item Cost History window to see how an item's average cost has changed over time. For a specified period of time, you can see how transactions for an item impacted its average cost. Specifically, for every transaction you can see the transaction date, the transaction type, the prior quantity and cost, the transaction quantity and cost, and the new quantity and cost.
See: Viewing Item Costs History.
Product Line Accounting Setup
The Category Accounts and Default WIP Accounting Classes for Categories windows can be used to set up product line accounting. In the Category Accounts window you can assign inventory valuation accounts to each category that you assign to your product line accounting category set. In the Category Default WIP Classes window, you can associate a default WIP accounting class with each category that you assign to your product line accounting category set. When implemented, product line accounting can be used to support foreign currency accounting requirements.
Note: To fully implement product line accounting you must design and implement client extensions.
See: Product Line Accounting Setup, Defining Category Accounts and Associating WIP Accounting Classes with Categories.
WIP Accounting Classes for Cost Groups
You can associate one or more standard discrete accounting classes with each of your cost groups. Doing so defines the WIP classes that are valid for use on jobs in that particular cost group.
See: Defining Cost Groups.
Remove Account Summarization in Standard Costing
Cost element visibility is maintained when you assign the same account to multiple cost elements. In prior releases, if you assigned the same account number to your elemental cost accounts, the system would consolidate the value of these cost elements before transferring the cost to Oracle General Ledger.
See: Work in Process Transaction Cost Flows and WIP Accounting Classes.
New Windows
The following new windows were added:
- Default WIP Accounting Classes for Categories
- Expenditure Types for Cost Elements
Note: The Expenditure Types for Cost Elements window was added as a beta feature in Oracle 10SC Production Release 16.1, but was not documented.
- WIP Accounting Classes for Cost Groups
Changed Windows
The Item Cost for Cost Groups window is now the Item Cost History window. This window can be used to access the following windows:
- Item Costs for Cost Groups
- Item Cost Details for Cost Groups
New Processes
The Project Cost Collection Manager (CMCPCM) program is similar to the Cost Collection Manager (CMCCCM) except that the organization parameter is displayed and is based on the value set CST_MFG_ORG_ID. This program is used by Oracle Projects to collect costs for an organization or to include the program in a request set.
Changed Reports and Processes
Elemental Cost Report
The Elemental Cost Report can now be printed by currency and exchange rate.
Inventory Subledger Report
The Inventory Subledger Report reports quantity, valuation, and detailed item information for the subinventories within each cost groups. Information is grouped by Cost Group.
Intransit Value Report
The Intransit Value Report reports values and item quantities for items in the common cost group.
