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Oracle 1Z1-1074 exam, also known as the Oracle Cost Management Cloud 2019 Implementation Essentials exam, is designed for individuals who want to demonstrate their expertise in implementing Oracle Cost Management Cloud solutions. Oracle Cost Management Cloud 2019 Implementation Essentials certification exam measures the candidate's ability to configure and implement the Oracle Cost Management Cloud solutions effectively, efficiently, and accurately. 1Z1-1074 exam covers a wide range of topics, including cost accounting, material transactions, inventory valuation, cost accounting periods, and cost organization structures.
The Oracle Cost Management Cloud 2019 Implementation Essentials certification exam covers a wide range of topics, including the configuration of cost management, the use of cost accounting methods and models, the creation of cost organizations and cost profiles, the management of cost transactions, and the creation of cost accounting reports. 1Z1-1074 exam also covers the integration of Oracle Cost Management Cloud with other Oracle Cloud applications, such as Oracle Financials Cloud and Oracle Project Portfolio Management Cloud. Successful candidates will be able to demonstrate their ability to design, configure, and implement Oracle Cost Management Cloud solutions that meet the needs of their organizations.
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Earning the Oracle 1Z1-1074 certification demonstrates the candidate's proficiency in implementing Oracle Cost Management Cloud solutions. Oracle Cost Management Cloud 2019 Implementation Essentials certification also shows that the candidate has a deep understanding of the cost accounting principles and practices, inventory management, and material transactions. Oracle Cost Management Cloud 2019 Implementation Essentials certification is ideal for professionals who work in finance or accounting and want to expand their skills and advance their careers. Overall, the Oracle 1Z1-1074 certification is an excellent investment for professionals who want to enhance their skills and demonstrate their expertise in Oracle's cost management solutions.
Passing the Oracle 1Z1-1074 certification exam is a rigorous process and requires thorough preparation. 1Z1-1074 exam consists of 60 multiple-choice questions that candidates must complete in 105 minutes. The topics that the exam covers include Cost Accounting, Cost Analysis, Cost Management, Cost Accounting Transactions, and Costing Structures. By passing this certification exam, professionals can demonstrate their proficiency in implementing the Oracle Cost Management Cloud module and gain recognition as an expert in the field.
| Section | Weight | Objectives |
|---|---|---|
| Cost Accounting | 20% | - Run and manage cost accounting processes - Cost accounting reporting - Configure costing methods: Standard, Perpetual, Actual - Costing key setups and cost policies - Cost Accounting work area |
| Costing and Inventory Foundations | 5% | - Cost organization and cost books setup - Common inventory configurations for costing |
| Subledger Accounting | 15% | - Build journal entry rule sets and accounting methods - Create account rules and journal line rules - Cost accounting and receipt accounting subledger components - Analyze and resolve accounting errors/exceptions |
| Receipt Accounting | 15% | - Receipt Accounting work area - Configure Accrue on Receipt and Accrue at Period End - Perform receipt accounting processes - Receipt accounting reporting |
| Project Enabled Supply Chain | 5% | - Integrate project costing with inventory - Setup project-driven supply chain |
| Standard Costs | 15% | - Create standard costs, resource rates, and overhead rates - Manage cost scenarios - Analyze and resolve standard cost variances - Manage rolled-up costs |
| Landed Cost | 10% | - Landed Cost work area - Define charge names, reference types, and routes - Manage landed cost processes |
| Managerial Accounting Overview | 15% | - Integration with other Oracle Cloud modules - Key implementation decision points - Purpose of cost accounting, receipt accounting, and landed cost |
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