Implementing Manufacturing and Materials Management: From Empty Plant to Costed Work Order · Module 15 · Cost Accounting Structures
Cost profiles
Lesson 157 of 188 · 13 min
Create a cost profile — cost method, valuation structure, and the accounting behaviour — set it as the default for the cost organization, create a second profile with a different method, assign that second profile to a specific item, show an item picking up the default, and show the profile's effect on a transaction's valuation. The cost profile is where the method and the structure come together and attach to items. It is the object that actually determines how a given item is valued. The default cost profile covers everything not specifically assigned. Set it deliberately; do not let it be an accident — because it will apply to every item nobody thought about. Mixing methods across items in one organization is possible and should be rare. If somebody wants it, ask why.
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