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Oracle 1Z1-1074 certification exam is an excellent opportunity for professionals who want to demonstrate their expertise in implementing the Oracle Cost Management Cloud solution. 1Z0-1074 exam is designed to validate the candidate's skills and knowledge of the solution, and passing the exam can help professionals advance their career in the field of cost management and accounting.
With the ever-increasing demand for Cloud computing professionals, achieving the Oracle 1Z1-1074 certification is an invaluable step in advancing one's career. It not only validates your knowledge and skills in implementing Cost Management Cloud 2019 but also demonstrates your commitment to keeping up with current industry trends and best practices.
To pass the Oracle 1Z1-1074 certification exam, candidates must demonstrate a thorough understanding of the Oracle Cost Management Cloud solution. This includes knowledge of the key features and functionalities of the solution, as well as the ability to configure and customize it to meet specific business needs. Candidates must also have experience with implementing and managing the solution in a real-world business environment.
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Oracle 1Z0-1074 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managerial Accounting Overview | 15% | - Integration with other Oracle Cloud modules - Key implementation decision points - Purpose of cost accounting, receipt accounting, and landed cost |
| Topic 2: Cost Accounting | 20% | - Cost Accounting work area - Configure costing methods: Standard, Perpetual, Actual - Run and manage cost accounting processes - Costing key setups and cost policies - Cost accounting reporting |
| Topic 3: Receipt Accounting | 15% | - Receipt accounting reporting - Perform receipt accounting processes - Receipt Accounting work area - Configure Accrue on Receipt and Accrue at Period End |
| Topic 4: Costing and Inventory Foundations | 5% | - Cost organization and cost books setup - Common inventory configurations for costing |
| Topic 5: Subledger Accounting | 15% | - Create account rules and journal line rules - Analyze and resolve accounting errors/exceptions - Build journal entry rule sets and accounting methods - Cost accounting and receipt accounting subledger components |
| Topic 6: Standard Costs | 15% | - Manage cost scenarios - Analyze and resolve standard cost variances - Manage rolled-up costs - Create standard costs, resource rates, and overhead rates |
| Topic 7: Landed Cost | 10% | - Define charge names, reference types, and routes - Landed Cost work area - Manage landed cost processes |
| Topic 8: Project Enabled Supply Chain | 5% | - Setup project-driven supply chain - Integrate project costing with inventory |
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