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Oracle Cost Management Cloud solution is a powerful tool that helps organizations manage their costs more effectively. It provides real-time visibility into cost information, allowing businesses to make informed decisions about how to optimize their operations and increase profitability. The 1Z1-1074 certification exam is designed to test the knowledge and skills required to implement and use this solution effectively.

Earning the Oracle 1Z1-1074 certification demonstrates a high level of proficiency in cost management and can help professionals advance their careers in finance and accounting. Oracle Cost Management Cloud 2019 Implementation Essentials certification is recognized globally and is a valuable asset for professionals who want to work in multinational organizations that use Oracle Cloud solutions for cost management.

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Oracle 1Z1-1074 certification exam is designed for professionals who want to demonstrate their expertise in implementing Oracle Cost Management Cloud 2019. Oracle Cost Management Cloud 2019 Implementation Essentials certification acknowledges the candidate's ability to configure and manage cost accounting structures, cost accounting flows, and accounting rules. 1Z1-1074 exam is intended for individuals who have a strong understanding of cost accounting principles, as well as a working knowledge of Oracle Financials Cloud.

Reference: https://education.oracle.com/oracle-cost-management-cloud-2019-implementation-essentials/pexam_1Z0-1074

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Oracle 1Z1-1074 Exam Syllabus Topics:

SectionObjectives
Cost Accounting Setup- Cost Accounting Key Setups
- Cost Elements and Components
- Valuation Structures and Profiles
Receipt Accounting- Managing Receipt Accounting Transactions
- Accrue On Receipt and Period End
- Configuring Receipt Accounting
Standard and Actual Costing- Create Standard Costs, Resource & Overhead Rates
- Analyze and Resolve Standard Cost Variances
Landed Cost Management- Manage Landed Cost Reference Types and Routes
- Configure Landed Cost Management
Subledger and Journal Accounting- Create Journal Line Rules and Accounting Methods
- Subledger Accounting Integration
Reporting and Analytics- Costing Reports
- Inventory and Cost Analytics
Understanding Oracle Cost Management Cloud- Costing Methods and Policies
- Overview of Cost Management Cloud

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