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SOFTWARE EVALUATION CRITERIA
Friday, November 21, 2008
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> Software Evaluation Criteria >
Discrete Manufacturing ERP
> Financials >
Cost Accounting Page: 1
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1
Activity costs traced to triggering cost objects
(80
product(s) support this feature
)
Allocates actual or budgeted costs to appropriate ledgers
(82
product(s) support this feature
)
Allocates cost by multiplier quantity or amount
(81
product(s) support this feature
)
Allocates to expense revenue asset asset reduction liability capital and capital reduction accounts
(82
product(s) support this feature
)
Allocation results can be exported to report writer
(79
product(s) support this feature
)
Allocations are based on historical actual or projected budget data
(78
product(s) support this feature
)
Allocations to organizational segments determined by function profits etc
(80
product(s) support this feature
)
Assigns user-defined allocation codes to activities that generate cost
(81
product(s) support this feature
)
Assigns user-defined number of cost elements for each cost category
(82
product(s) support this feature
)
Attributes cost pool dimension codes for the source and target of the allocation
(79
product(s) support this feature
)
Audit report tracks allocation costs made to the G-L and their transaction histories
(75
product(s) support this feature
)
Automatic revisions to cost driver data
(78
product(s) support this feature
)
Cost allocations driven by formulas using unlimited statistical fixed amount and period-to-date factors as well as unlimited nesting
(79
product(s) support this feature
)
Cost calculation activities determined by users with proper permissions
(80
product(s) support this feature
)
Costs allocated among different cost group reporting dimensions are determined by the amounts posted to the ledger account of each cost category
(77
product(s) support this feature
)
Costs can be allocated to an item via various processes including fixed multiplier volume or statistic weighted or moving average standard cost direct allocation etc
(80
product(s) support this feature
)
Costs managed using both standard and average costing
(87
product(s) support this feature
)
Defines and identifies an allocation by a pool of accounts or departments where it will be recorded
(77
product(s) support this feature
)
Defines and stores cost allocation factors and transactions for future or recurrent use
(77
product(s) support this feature
)
Flexible cost category definitions based on applicable G-L account groupings
(80
product(s) support this feature
)
Flexible cost object activity definitions
(80
product(s) support this feature
)
Flexible ledger costing categories
(82
product(s) support this feature
)
Generates reports on allocations without posting results
(75
product(s) support this feature
)
Groups accounts into cost categories and allocates amounts from one reporting dimension code to another
(80
product(s) support this feature
)
Groups dimension codes into cost pools by dimension type
(79
product(s) support this feature
)
Imports cost driver data from multiple operational data sources
(80
product(s) support this feature
)
Intracompany allocations and intercompany allocations
(76
product(s) support this feature
)
Journalizes allocations so they can be posted to the G-L
(79
product(s) support this feature
)
Logs past cost allocations for comparative reports
(78
product(s) support this feature
)
Maintains multiple calculation codes for various algorithms used in calculating different cost data
(87
product(s) support this feature
)
Maintains or updates the current or average cost of an item or service
(86
product(s) support this feature
)
Mass concurrent updates of actual budget and encumbrance balances through batch distributions
(78
product(s) support this feature
)
Models cost allocation code definitions
(80
product(s) support this feature
)
Overhead rates
(88
product(s) support this feature
)
Plans production costs based on demand and forecasting
(80
product(s) support this feature
)
Posts cost allocation in the G-L
(81
product(s) support this feature
)
Reports the direction of an allocation distribution sequence as to-from
(79
product(s) support this feature
)
Runs multistep allocations to accounts and then reports by running different batches for each step
(73
product(s) support this feature
)
Specifies source and target reporting dimension codes used for the six dimensions including the activity in the allocation
(76
product(s) support this feature
)
Surcharges can be applied as fixed amounts over the nominal cost percent of total cost etc
(86
product(s) support this feature
)
Total or partial transfers from ledger account to costing categories
(79
product(s) support this feature
)
User-defined budget allocation codes
(80
product(s) support this feature
)
Users can define periods when current period allocations are totaled such as quarter-to-date semi-annual and annual
(78
product(s) support this feature
)
Uses allocation codes to group accounts into cost categories
(80
product(s) support this feature
)
Uses allocation codes to post results to G-L
(82
product(s) support this feature
)
Uses net cost allocations to run multiple reallocations during the same accounting period
(77
product(s) support this feature
)
Uses parameters to determine whether a work center rate or task rate will be used in the calculation of operation rates
(87
product(s) support this feature
)
Uses sequential or concurrent close-out methods to allocate cost
(74
product(s) support this feature
)
Vertically summarizes cost elements throughout product structures
(83
product(s) support this feature
)
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