Course
Introduction to MagicOrange - Key Concepts (0240)
Cost Model Apprenticeship
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03) Cost Model
Introduction to MagicOrange - Key Concepts (0240)
(approx 35 minutes) ▪ MagicOrange Modules ▪ Divisions ▪ Models ▪ Sets ▪ Runs ▪ How Divisions, Models, Runs and Sets relate to each other ▪ Master vs Allocation Data & how the Model flows
Understanding Financials (0242)
Cost Model Apprenticeship
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03) Cost Model
Understanding Financials (0242)
(approx 20 minutes) ▪ What are Financials in MagicOrange? ▪ How do you load Financials? ▪ Downloading Existing Financials ▪ Financials in a Video
Understanding Measured Objects (0244)
Cost Model Apprenticeship
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03) Cost Model
Understanding Measured Objects (0244)
(approx 20 min to complete) ▪ What is a Measured Object? ▪ How do Measured Objects Cost Allocations Work? ▪ How do Measured Objects fit into a Cost Model? ▪ Examples of Measured Objects ▪ How to add a Measured Object
Introduction to Drivers (0246)
Cost Model Apprenticeship
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03) Cost Model
Introduction to Drivers (0246)
(approx 20 minutes)

▪ What are Drivers?
▪ Types of Drivers
▪ Assumptive vs Consumptive Models
▪ Creating a Volumetric Driver
Understanding Inventories (0250)
Cost Model Apprenticeship
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03) Cost Model
Understanding Inventories (0250)
(approx 1 hour) ▪ How Inventories Map Source to Target ▪ Proportional Split ▪ Granularity ▪ Unit Rates ▪ Inventories Template ▪ Things to watch out for
Introduction to Allocation Rules (0254)
Cost Model Apprenticeship
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03) Cost Model
Introduction to Allocation Rules (0254)
(approx 20 minutes)

▪ What is used to Allocate Costs?
▪ Uploading Allocation Rules
▪ Manually Adding Allocation Rules
▪ Best Practices & Tips
Understanding Sets (0256)
Cost Model Apprenticeship
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03) Cost Model
Understanding Sets (0256)
(approx. 30 minutes) ▪ What is a Set and Benefits of Using Sets? ▪ Where do you work with Sets? ▪ How Sets and Calculation Runs are Used ▪ Configuring Sets for a Calculation Run ▪ When are new Sets required? ▪ How to decide...
Understanding Hierarchies (0258)
Cost Model Apprenticeship
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03) Cost Model
Understanding Hierarchies (0258)
(approx 20 minutes) ▪ What are hierarchies? ▪ Updating hierarchies ▪ How to link unlinked items into the hierarchy ▪ What is the impact on processed runs? ▪ Best Practice

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