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Oracle 1Z1-1074 (Oracle Cost Management Cloud 2019 Implementation Essentials) Certification Exam is designed for professionals who specialize in Oracle Cost Management Cloud 2019 Implementation. 1Z1-1074 exam tests the candidate's knowledge and skills in areas such as cost accounting, inventory valuation, project costing, and cost simulations. Oracle Cost Management Cloud 2019 Implementation Essentials certification is ideal for individuals who wish to demonstrate their expertise in implementing Oracle Cost Management Cloud, which is a cloud-based solution that helps organizations optimize their costs, improve inventory management, and increase profitability.
Oracle Cost Management Cloud 2019 Implementation Essentials exam is a valuable certification for any cloud professional interested in finance, accounting, or IT. Passing this certification exam will affirm your skills and knowledge in implementing and managing cost management cloud solutions efficiently. It is a must-have certification for those looking to progress in their career in the cloud domain.
| Section | Weight | Objectives |
|---|---|---|
| Managerial Accounting Overview | 15% | - Purpose of cost accounting, receipt accounting, and landed cost - Integration with other Oracle Cloud modules - Key implementation decision points |
| Project Enabled Supply Chain | 5% | - Integrate project costing with inventory - Setup project-driven supply chain |
| Cost Accounting | 20% | - Run and manage cost accounting processes - Cost Accounting work area - Cost accounting reporting - Costing key setups and cost policies - Configure costing methods: Standard, Perpetual, Actual |
| Costing and Inventory Foundations | 5% | - Cost organization and cost books setup - Common inventory configurations for costing |
| Receipt Accounting | 15% | - Perform receipt accounting processes - Receipt accounting reporting - Receipt Accounting work area - Configure Accrue on Receipt and Accrue at Period End |
| Standard Costs | 15% | - Create standard costs, resource rates, and overhead rates - Analyze and resolve standard cost variances - Manage rolled-up costs - Manage cost scenarios |
| Subledger Accounting | 15% | - Create account rules and journal line rules - Cost accounting and receipt accounting subledger components - Analyze and resolve accounting errors/exceptions - Build journal entry rule sets and accounting methods |
| Landed Cost | 10% | - Manage landed cost processes - Define charge names, reference types, and routes - Landed Cost work area |
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