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Oracle Cost Management Cloud 2017 solution is an advanced and comprehensive solution that enables organizations to optimize their costs and improve their profitability. By passing the Oracle 1z1-987 exam, candidates can demonstrate their expertise in implementing and configuring this solution to meet the unique needs of their organization.
Oracle 1z1-987 certification exam is designed to validate the candidates' knowledge and skills in implementing and using the Oracle Cost Management Cloud solution. 1z1-987 exam assesses the candidates' understanding of various concepts related to cost accounting, inventory valuation, and financial reporting procedures. The Oracle 1z1-987 certification exam is ideal for professionals who wish to demonstrate their proficiency in managing costs and optimizing business processes.
Oracle 1z1-987 exam is designed to validate the skills of candidates in implementing Oracle Cloud solutions for cost management. 1z1-987 exam covers topics such as cost accounting, cost management, cost analysis, and cost reporting. Candidates are also expected to have knowledge of Oracle Cloud services such as Oracle Financials Cloud and Oracle Procurement Cloud. 1z1-987 exam consists of 70 questions, which are multiple choice and scenario-based, and candidates are given 105 minutes to complete it.
Oracle 1z1-987 Exam consists of 70 multiple-choice questions that need to be answered within 105 minutes. 1z1-987 exam is available in English and can be taken at any authorized Oracle testing center or online through the Pearson VUE testing platform. The passing score for 1z1-987 exam is 64%, and candidates who pass the exam will receive the Oracle Cost Management Cloud 2017 Certified Implementation Specialist certification.
Oracle 1z1-987 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Introduction to Cost Management Cloud | - Purpose and scope of Cost Management - Integration with other Oracle Cloud SCM modules |
| Cost Accounting Concepts | - Cost Organization and Cost Books setup - Configure costing methods (standard, actual, perpetual) - Cost Accounting work area |
| Receipt Accounting | - Accrue at receipt vs period end processing - Manage receipt related accounting tasks - Receipt Accounting work area |
| Subledger Accounting Integration | - Configure accounting methods and rules - Journal line and entry rule sets |
| Landed Cost Management | - Manage routes and charge names - Configure Landed Cost reference types |
| Standard Costs and Cost Scenarios | - Analyze and resolve cost variances - Roll up and publish standard costs - Create and manage cost scenarios |







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