Cost management home page
Cost management (video) lets you work with the valuation and accounting of raw materials, semi-finished goods, finished goods, and work-in-progress assets. It is the process of defining, managing, and reporting Inventory accounting and Manufacturing accounting.
You can define cost policies in the following areas:
- Predetermined cost
- Inventory accounting
- Manufacturing accounting
- Indirect cost accounting
- Ledger integration
For example, you can define which inventory valuation methods, such as FIFO, Weighted average, Standard cost, or Moving average that you want to apply to products in the Item model group in Inventory accounting.
You can access Inventory accounting and Manufacturing accounting from the Cost administration and Cost analysis workspaces. These workspaces provide a comprehensive overview of the current status, key performance indicators (KPIs), and detection of deviation.
The Cost management Power BI content provides managerial insight into inventory and work-in-progress (WIP) inventory, and how cost flows through them by category over time. The information can also be used as a detailed supplement to the financial statement.
What's new and in development
Go to the Microsoft Dynamics 365 Roadmap to see what new features have been released and what new features are in development.
BOM calculation by using a costing sheet describes how to set up a costing sheet that includes material and manufacturing, and how the setup affects the BOM calculation results. To better explain the topics, it provides concrete scenarios and data that demonstrates the effect of the various settings and configurations. We don’t expect that you will follow all these scenarios, because this document doesn't provide enough details to configure them. Nevertheless, if you have the basic knowledge, you can try to play the task guides listed below in the order that they appear. Use the knowledge that you’ve gained from reading this document to do BOM calculation analysis.
- Create a finished product
- Create a semi-finished product
- Create raw materials
- Create BOMs
- Create routes
- Calculate a BOM by using a single level structure
- Calculate a BOM by using a multilevel structure
You can find opinions, news, and other information about Cost management on the Dynamics AX Manufacturing R&D Team blog and Supply Chain Management in Dynamics AX R&D Team blog. Although some of these posts were written for the previous version of Cost management, the same concepts still apply, and the procedures are also similar in the current version.
Additional help is available as task guides inside Finance and Operations. To access task guides, click the Help button on any page.