Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order · Module 15 · Cost Accounting Structures
The costing object model
Lesson 148 of 188 · 2 min
Eleven objects — more vocabulary than any module in this course — taken one at a time and then traced through with a work order. Cost organization, the entity that owns costing, grouping one or more inventory organizations and tied to a profit center business unit. Cost book, a set of costing rules and a currency; one cost organization can have several books — corporate policy, statutory basis, management. Cost organization relationship, the link that says which inventory organizations this cost organization costs. Cost element, the lowest-level cost bucket: material, labour, machine, overhead, freight. Cost component, the incoming source of cost before it is mapped to an element, with cost component mapping as the rule between them. Valuation structure, which defines the granularity at which cost is held — by organization, subinventory, lot, grade — and valuation unit, an instance of that structure and the actual bucket a cost belongs…
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order, with a certificate on completion and a fourteen-day refund window.
In this module: Module 15 · Cost Accounting Structures
- 1What we are building
- 2The warning nobody readsFree preview
- 3The costing object model
- 4Choosing a cost method
- 5Cost organization design
- 6Running the costing design workshop
- 7Cost organizations and cost books
- 8Cost organization relationships
- 9Cost elements and components
- 10Cost component mappings
- 11Valuation structures and units
- 12Cost profiles
- 13Expense pools and accounting
- 14Quick setup for cost accounting
- 15What breaks
- 16Lab briefing: the Halden costing design
- 17Lab solution walkthrough