Program Level: Beginner
The purpose of this session is to help you understand how your Epicor system processes job costs. As the job moves through the system, it examines the components and calculations the application uses to create estimated costs; actuals are then accrued through the manufacturing process. The session describes the job process, evaluates where job estimates are established, and then demonstrates how actual costing data is accumulated through methods of manufacturing to arrive at the final costs for each job record.
Cost: There is an additional $375 fee to attend this session.
Objectives:
♦ Comprehend the flow of a job through the manufacturing process
♦ Identify the costing components and calculations used in a method of manufacturing
♦ Demonstrate the impact of material issues and labor transactions on job costing
♦ Explain how costing data is accumulated to determine the final cost on each job record
♦ Describe the impact of material receipts on job and inventory costing
♦ Monitor costs using the Production Detail, Work in Progress and WIP/Inventory Reconciliation reports through the entire production-to-inventory cycle
Audience:
♦ Cost Accountant
♦ CFO/Controller
♦ Engineer
♦ Production Planners
Prerequisites:
♦ Navigation
♦ System flow
♦ Job Management
♦ General Ledger
♦ Engineering