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Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Cost Accounting Solutionsfor Oracle Applications
Douglas Volz
Douglas Volz [email protected]
(510) 755-7050
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Do You or Your Staff Feel Like This at Month-End?
Slide 2
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Doug Volz has Solutions for You
Professional Summary
35+ years industry, design and consulting and “firefighting” experience
Specializing in Cost Management business solutions
Recognized by Industry Peers with numerous OAUG awards:
• 2014 OAUG Member of the Year
• 2018 Presenter of the Year and 2018 Special Interest Group of the Year
Co-designed Oracle Cost Management at Oracle
Implementations with international consulting firms, in over ten countries
Led the Oracle Applications User Group for Cost Management since 2007
Presenter at Collaborate (OAUG), OpenWorld and UKOUG since 1996
Prior industry positions for General and Cost Accounting management
Business Solutions for Cost Accounting
• Change cost methods
• Inventory reconciliation
• Profit in inventory
• Intercompany
• A/P accrual reconciliation
• Fix system account setups
• Multi-org cost accounting reports
• Product line & margin analysis
• Item costing, cost rollup and update
• Cost accounting training
Slide 3
OAUG2018 Presenter of the Year2014 Member of the Year
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Solutions You Can Use – Over 30 Presentations!─ http://oaug.org/education-events/cpd─ http://www.volzconsulting.com/resources.html
A/P Accruals: OAUG/Collaborate & UKOUG1996/2007/2008: (R11i) How to Setup, Use and Balance Your A/P Accrual Accounts 2011: A/P Accruals for Release 12 (OAUG Cost Management SIG)
Cost Management & SLA: OAUG/Collaborate & UKOUG2009: Cost Accounting As You Want It ─ EBS R12 Cost Accounting with SLA2013: Subledger Accounting for Discrete & EAM Cost Accounting: Product Line and Expense Accounting Made Easy 2014: How to Create Shipping Burdens for Oracle Cost Management, in Spite of Subledger Accounting
Changing Cost Methods: OAUG/Collaborate2016: Who Said Changing Cost Methods With Discrete Costing Can't be Done?
Discrete & Process Cost Accounting Integration: OAUG/Collaborate2015: We Can Create Combined Oracle Cost Accounting Reports for Both Discrete and Process MFG!
Inventory Reconciliation: OAUG/Collaborate & UKOUG2010: Can We Actually Reconcile Project MFG to Inventory, WIP, Projects & G/L? What Was I Thinking?2011: 60 Inventory Orgs? 6 Ledgers? No Worries, Reconcile Your Inventory With Ease!2014: Reconcile Your Inventory to G/L Balances With Ease, From 1 to 1,000 Inventory Organizations!2017: Managing Oracle EBS Reconciliation in Manufacturing and Distribution Organizations
Period Close: OAUG/Collaborate & UKOUG2016: How to Manage the Inventory and Manufacturing Period Close and Remain Sane…
Profit in Inventory Solutions: OAUG/Collaborate2010: Does Rel. 12 Solve Global Inter-Company Issues for Multiple Ledgers, Profit in Inventory and COGS?2018: INTL: Cloud and EBS Costing, You Can Track & Eliminate Profit in Inventory (And Still Have a Life!)
Transaction Interfaces for Period Close: OAUG/Collaborate2012: Egads! How in the Dickens Do I Handle Those Month-End Interfaces? (And Why Can’t I Close My Books)
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Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Sample Client List
Slide 5
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Onsite Oracle Cost Training
1: Cost Management Introduction
2: General Oracle Navigation and Training
3: Costing Structural Overview
4: Costing Security
5: Item Costing Setup
6: Buy Item Costing for Std or Avg Costing
7: More4Apps Item Cost Wizard
8: Cost Rollup And Item Cost Review
9: Update Standard or Average Costs
10: Copying and Editing Costs
11: Purging Costs, Cost Rollups and Cost Update History
12: Cost Accounting Transactions Setup
13: COGS Accounting Solutions
14: Intercompany Transactions Setup
15: Receiving Accounting Transactions
16: Inventory (Std or Avg) Cost Accounting Transactions17: Intercompany Cost Accounting Transactions18: COGS Recognition and Margin Analysis
19: Standard or Average Cost Variances20: View Receiving, Inventory and WIP
Accounting Transactions21: How to Setup, Transact and Use Outside Processing 22: Analyze and Close WIP Jobs
23: Review Pending and Uncosted Transactions
24: Create Accounting, Period Open & Close
25: Inventory Reconciliation and Reporting
26: ICP/PII Tracking and Reporting
27: A/P Accruals
28: Custom Reporting29: Cost Accounting Checklists30: Year-End Tasks31: Appendix
Slide 6
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 7
Why Not?
Originally designed to be run for a single warehouse
Does not format well into Excel (even for R12!)
Not enough details – still dig out info. transaction by transaction
Not enough summary information
Discrete Costing R12 – can’t use transaction inquiry screens – no SLA information
Process Costing R12 – too few reports, not enough information
Drives down operational efficiency
Unable to eliminate PII/ICP using standard reporting
Common Oracle EBS Reporting Complaints– Can’t Use Standard Reports
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Types of ReportsWhat Type of Reports Are Needed?
Slide 8
Reconciliation Reports
Other Reporting & Analysis
Weekly / Monthly Txn Listings
Investigative Reports
G/L to Inventory Reconciliation
A/P Accrual Reconciliation Reports
Global Inventory Value Reports
Transaction Accounting Summaries
Account Alias Reports
Transaction Accounting by Lot
Global Setup Configuration Reports
Open Internal Orders Reports
Period Open / Close Status Reports
Item Cost Comparison Reports
IPV, PPV, WIP Variance Reports
Margin Analysis Reports
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 9
Typical Report Categories:
Cost Accounting
Item Costs
Inventory Value
Transactions and Variances
Other Reports
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 10
Over 100 Cost Accounting Reports!
The following pages list reports completed for R11i & R12 clients
Many reports work with both Discrete and Process Cost Accounting
Depending on your use of the Oracle Applications some level of tailoring is expected (changes are necessary to these reports)
The SQL code for the following reports is in Production at multiple clients (using various reporting tools)
ICP – Intercompany Profit, also known as PII (Profit in Inventory), is a frequent sore spot with the Oracle Applications. This is the profit recognized between internal customers, profit which must be eliminated at month-end. On the following pages several of these reports help with profit in inventory tracking and elimination challenges.
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 11
Item Cost Reports
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 12
Inventory Value
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 13
Period Open/Close Status & Setup Reports
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 14
Transactions & Variances
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 15
Transactions & Variances (Continued)
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Layout Samples for Custom Reports
Multiple Organization Valuation Reports ICP/PII Inventory & Intransit Value Report
Receiving Value Report
Inventory Out-of-Balance Report
Onhand Lot Value Status Report
Multiple Organization Account Distribution Reports Material Account Summary Report
Receiving Account Summary Report
WIP Account Summary Report
16
Slide 16
ICP – Intercompany ProfitPII – Profit in Inventory
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Custom ICP/PII Inventory & Intransit Value Report
Use this report for the month-end perpetual values and to reconcile overall ICP/PII movement at month-end (ICP – Intercompany Profit)
Sample Custom Multiple Organization ReportsMultiple Organization Inventory Value Reporting
17
Slide 17
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Sample Custom Multiple Organization ReportsView Receiving Value with More Information
Custom Receiving Value Report
Shows OSP and Inventory in Receiving
18
Slide 18
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Sample Custom Multiple Organization Reports
Custom Inventory Out-Of-Balance Report Used to find differences between your cumulative accounting entries
and your perpetual balances
19
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Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Sample Custom Multiple Organization ReportsOnhand Inventory Value by Lot Number
Custom Onhand Lot Value Report
Shows inventory value with lot numbers. For both Discrete and Process Costing.
20
Slide 20
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Sample Custom Multiple Organization Reports
Custom Account Distribution Reports Custom Receiving Account Summary Report
Custom Material Account Summary Report
Custom WIP Account Summary Report
Combine all three reports into the All
Transactions Report
21
Slide 21
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
About DougDoug Volz is a Senior Architect and Business Advisor for Oracle EBS projects, specializing in Cost Management and Intercompany processes. He has over 35 years of accumulated experience, including 5 years in Oracle Development (co-designing Oracle Cost Management), 20 years implementing Oracle EBS in multiple countries and 12 years in industry for Cost and Accounting Management positions. His Manufacturing and Cost systems experience covers project management, software design/development, delivery and consulting services, for both Oracle Corporation and multiple international consulting firms. Prior to his systems career, Mr. Volz also held management accounting positions for telecommunications, defense and electronics companies.
In his consulting roles, Doug has served over 100 clients. Many of these were multi-org, multi-currency with global footprints and intercompany accounting requirements. Countries included US, Mexico, UK, Netherlands, Belgium, Taiwan, PRC, Norway, Japan, Italy, Switzerland and Germany.
Doug was recognized as the 2014 OAUG Member of the Year, 2018 Associate Presenter of the Year and 2018 Special Interest Group of the Year. He leads the OAUG Cost Management Special Interest Group (since 2007) and freely gives out valued business advice to his SIG members and to the Oracle community. Doug also presents at OAUG Collaborate, UKOUG and Oracle OpenWorld conferences. In addition he advises and participates on Oracle Customer Advisory Boards and frequently meets with the Oracle Cost Development teams.
Core Expertise
Multi-organization, Multi-currency Global Implementations
Cost Accounting Business Solutions for Discrete & Process Cost Accounting
Intercompany and Profit in Inventory Inventory and A/P Accrual Reconciliation Project Management and Senior Project Advisor Core manufacturing and distribution processes
Cost Management Inventory Bills of Material WIP
Over 30 Published Papers at:
Go to www.volzconsulting/resources.com
A/P Accruals for Release 12 and 11i Change Your Cost Methods Cost Management & Subledger Accounting Costing Tips and Tricks Discrete and Process Costing Integration EAM Costing Inventory Reconciliation Profit in Inventory Solutions Transaction Interfaces for Period Close And many, many more!
Douglas Volz ([email protected])
Slide 22
Helping people use Oracle Applications since 1990
Copyright ©2019 Douglas Volz Consulting, Inc.+1 510 755-7050
Slide 23
Any Questions?
Doug Volz
www. volzconsulting.com