Written by Klee

Title	Manufacturing Accounting and Product Costing
Length	4 Days
JDEtips University Registration and Course Pricing	Next available date: March 17-20, 2009.  Register Now.  Or contact Lori Stone, Training Administrator: 1.877.832.2594 ext 150 or Lori.Stone@ERPtips.com
Onsite Courses	Available upon request. Please contact Sandy Acker, ERP Solutions Manager at 1.877.832.2594 ext 140 or Sandy.Acker@ERPtips.com.
Delivery	Group-Live, Instructor-led classroom training with hands-on exercises and one workstation per student.
Who Should Attend	Intermediate users of JD Edwards Manufacturing Accounting application, including: CFOs, Controllers, Operations Managers, Auditors, or anyone else requiring a detailed understanding of costing of manufactured items in JD Edwards.
Prerequisites	Basic to Intermediate knowledge of JD Edwards Manufacturing Accounting– six months work experience preferred.
Level	Intermediate
Advanced Preparation	None
Objectives	You'll learn how to accurately cost and account for various cost components, finally get that WIP clearing account cleared, book variances by product to support product profitability analysis, sort out sources of variances, and automatically account for non-standard production activities such as rework, teardowns, and R&D pilot runs. We even demystify Actual Costing for manufacturing.
APICS / CMA / CPE / CEU Credits	32
CPP Credits	4

Specific Objectives

In these days of increasingly competitive global markets, it is imperative that management keep a sharp eye on every dollar. For companies with Production Operations, JDE's Manufacturing Accounting and Product Costing are the tools that allow them to do just that.

Management knows that with proper Product Costing and Manufacturing Accounting, operations can be streamlined to boost profits as well. They are keenly aware that many companies already use these tools successfully to control operations...to measure results against budgets...to determine pricing for goods and services...and to make the best use of people, money and materials.

Whether you're just getting started or want to get more out of your current processes, you will get the complete picture of Product Costing and Manufacturing Accounting – from developing product cost models through the implementation of new costs, to accurately accounting for shop floor activity and reconciling WIP!

Unlike other courses which treat Product Costing and Manufacturing Accounting as distinct, isolated topics, the Mastery Level Manufacturing Accounting and Product Costing course treats these subjects as an integrated whole--highlighting the integration points while acknowledging the fact that the end result of meaningful Manufacturing Accounting starts with precise Product Costing.

Perhaps you have started implementing Product Costing and Manufacturing, or are you using it now but want to get more out of it? See If any of the following ring true:

• Your product costing process is complicated, convoluted, or problematic?
• You would like to be able to spot work order accounting problems before activity even begins?
• You want to unravel the mysteries behind manufacturing accounting variances?
• You wonder if your WIP Clearing Account is really getting cleared?
• You are a World Software user wanting to gain the knowledge to leverage the most out of the new features provided in EnterpriseOne?

The Mastery Level course goes way beyond covering the "standard" stuff. Learn how to accurately cost and account for such cost components as:

• Recoverable material such as regrind, tablet powder, cut-off (drop), and more
• Logistics charges such as freight, re-usable and non-re-usable pallets
• Consumable production items such as filters, perishable tooling
• Tooling Amortization
• Customer supplied inventory
• Duties and license fees
• Supplier rebates
• Automatic Chargebacks to Marketing for inefficiencies associated with the production of promotional products

Find out how to get the most out of the system to book variances by product to support product profitability analysis without setting up EPS.

See how to sort out Sources of Variances:

• Making a Purchased Item
• Purchasing a Make Item
• Same Item – Make and Buy
• Subcontractor Offloading
• Sourcing an Item from Multiple Branches.

 And, attain the know-how to run processes more efficiently.

• Learn how to automatically account for non-standard production activities such product rework, repairs, teardowns and salvage, or R&D pilot runs.
• Account for your non-production facilities value-add operations without the encumbrance of costing, work orders, and manufacturing accounting

Best of all, the Mastery Level Product Costing and Manufacturing Accounting course will give you a long list of "take-aways"--through detailed explanations of proven solutions to real-world situations.

You will get the concepts, ideas, theories and models, to help you succeed.

Go to www.JDEtips.com/Register.asp to register for the next JDEtips University public class.

For more information on JDEtips training, please contact our ERP Solutions Manager, Sandy Acker, at Sandy.Acker@ERPtips.com or call Sandy Toll-Free (US and Canada): 1.877.832.2594 ext 140 or International: 1.972.964.1969.
 

If you have a general scheduling or Admin question about your class, please contact our Training Coordinator, Lori Stone, at Lori.Stone@ERPtips.com or call Lori at 1.877.832.2594 ext 150.