OPM Financials Costing Process Costing of items in process organization is done differently than the discrete costing.

. In discrete costing, the cost processor which is scheduled to run calculates the cost of items across all transactions like receiving, issue etc. For process organization, the costing will be done in an elaborate process which is detailed in this document. Assume, we are receiving a chemical into an OPM enabled org using a standard PO. In order to view the cost of material after delivery of the material, the below processes should be performed. 1. Run India - Program to Update OPM Cost immediately after receipt. 2. Run the Actual Cost Process Nav: OPM Financials > Actual Costs > Actual Cost Process Parameters: Enter the Legal Entity, Calendar, Period and Cost Type. Ignore warning that previous period has not been closed. Ignore the program completing with Warning, which is because the previous period has not been closed. 3. Run Cost Update Process Nav: OPM Financials > Cost Update Parameters: Enter the Legal Entity, Calendar, Period and Cost Type. [Uncheck Final Update] 4. Submit OPM Accounting Pre-Processor Nav: OPM Financials > OPM Accounting Pre-Processor > Actions (M)> Submit Process Parameters: Legal Entity Name, Ledger, Cost Type, Fiscal Year, Period, Post Start Date (Period start date) and Post End Date (Period end date) Pre-processor should be submitted source wise (Inventory Transactions, Order Management Transactions etc.) or else the programs might take a longer time to run. While submitting for Costing Transactions uncheck the Revaluation Transactions 5. Run Create Accounting OPM Financials > Submit Request > Create Accounting (Process Manufacturing) Parameters: Ledger, End Date (current date), Mode(Draft, unless you want to actually post the transaction), Errors Only, Report and Include User transaction identifiers. After the above processes are completed, the item cost can be viewed for the specific item. Also the accounting entries can be viewed based on the Material Transactions Transaction ID in the Subledger Accounting > Journal Entries.