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Insights 2019

EECX29 - Tracking Your Costs in Manufacturing—Watching Every Penny

Session Description

COST: There is an additional $275 fee to attend this session.Click this link to register:

The purpose of this session is to help you understand how the Epicor ERP application processes job costs. As the job moves through the system, Epicor ERP 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.

At the conclusion of this lab, you will be able to:

  • Comprehend the flow of a job through the manufacturing process.
  • Identify the costing components and calculations used in a method of manufacture.
  • Demonstrate the impact of material issue 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: This session will appeal to the following audience:

  • Cost Accountant
  • CFO/Controller
  • Engineer
  • Job Planners

PREREQUISITES: Navigation, System flow, Job management, GL, Engineering

PROGRAM LEVEL: Intermediate

CPE Credits: 4.0

Additional Information
Extended Education
4 Hours
Session Schedule