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Explains the purpose of production order costing and how ERP systems structure cost tracking within manufacturing environments.
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Production Order Costing in ERP Fundamentals
This is part of Finance Fundamentals Package
Production Order Costing in ERP Fundamentals
This is part of Finance Fundamentals Package
Self - paced Programme Overview
This self - paced programme is part of Finance Fundamentals Package by our expert Bartosz Tyrala. Manufacturing organisations rely on ERP systems to track, allocate and interpret production costs across processes. This course introduces the principles of production order costing and explains how costs are structured and recorded within ERP environments. Through clear explanations and practical examples, learners understand how planned and actual costs are represented, how cost elements are applied and how costing data supports analysis of production activities..
Programme Structure
Key Module 1: Introduction to Production Order Costing in ERP
Key Module 2: Planned Costs and Cost Estimation
Introduces planned costs and explains how organisations estimate production costs before execution using structured costing approaches.
Key Module 3: Material Costs in Production Orders
Explains how material costs are assigned to production orders and how material consumption is represented within ERP costing structures.
Key Module 4: Labour and Machine Costs: Activity Confirmations
Introduces labour and machine cost concepts and explains how activity confirmations are used to capture production-related costs.
Key Module 5: Applying Overhead Costs in ERP
Explains how overhead costs are applied within ERP systems and how indirect costs are allocated to production activities.
Key Module 6: Capturing Actual Costs During Production Execution
Explains how actual costs are recorded during production and how ERP systems represent cost accumulation during execution.
Key Module 7: Analysing Cost Variances in Manufacturing
Introduces variance analysis and explains how differences between planned and actual costs are identified and interpreted.
Key Module 8: Work in Progress (WIP): Calculation and Financial Impact
Explains how work in progress is calculated and how WIP values are represented within financial and production contexts.
Key Module 9: Order Settlement Processes in ERP
Introduces order settlement concepts and explains how production costs are transferred and finalised within ERP systems.
Business Outcomes
Learners understand the concepts and terminology used in production order costing within ERP systems. They recognise how planned and actual costs are structured and can explain how cost elements, variances and settlement processes are represented in manufacturing environments.
Is this right for your organisation?
Suitable for organisations introducing teams to ERP-based production costing concepts. Relevant for professionals in production, finance or operations who need to understand costing terminology and how ERP systems represent manufacturing costs.
Programme Impact
The course creates a shared understanding of production costing concepts and ERP terminology across teams. This supports clearer communication and more consistent interpretation of costing data within manufacturing organisations.