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Oracle Cost Management Cloud 2018 Implementation Essentials

Preparation Guide for Oracle 1z0-1024 Certification Exam

Introduction

The Oracle Cost Management Cloud 2018 Implementation Essentials Certification Exam certifies the candidate has a firm understanding and grasp over inventory management cloud technology. This certificate is also known as Oracle 1Z0-1024 Exam which is a benchmark for experience and expertise recognized by employers across the globe.

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Topics to Cover

Oracle 1z0-1024 Certification Exam is based on the learnings, key topics, and activities encountered during oracle pieces of training and implementations.

Following are the major topics along with the sub-skills, a candidate should cover while preparing for the examination. These topics will give the candidates a clear view of which topics and skills inclusive, one should focus on for the certification.

Note: The list and details are not an all-inclusive content list. Oracle reserves the right to change and update the content (topics and sub-skills) at any point in time.

  • Subledger Accounting Explain the Receipt Accounting Subledger Explain the Cost Accounting Subledger Create Account Rules Create Journal Line Rules Create a Subledger Journal Entry Ruleset Create an Accounting Method Explain the relationships of Subledger Components Analyze and resolve errors and exceptions

  • Receipt Accounting Overview Describe the Receipt Accounting Work Area Explain Receipt Accounting Configure Accrue at period end Configure Accrue on receipt Perform Receipt Accounting processes Describe Receipt Accounting reporting Manage daily Receipt Accounting tasks

  • Managerial Accounting Overview Cost Accounting and its integration with different modules Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost Explain key implementation decision points

  • Landed Cost Overview Describe the Landed Cost Work Area Explain Landed Cost Configure Landed Cost Management Manage Charge Names Manage Landed Cost Reference types Manage Routes Describe Landed Cost reporting Manage Daily Landed Cost tasks

  • Standard Costs Manage Cost scenarios Create Standard Costs, Resource Rates, and Overhead Rates Manage rolled up Costs Analyse and resolve Standard Cost variances

  • Cost Accounting Overview Describe the Cost Accounting Work Area Explain Cost Accounting Configure Standard, Perpetual, and Actual costing methods Configure Cost Accounting Create Cost Accounting Key setups Explain Role of Costing Key setups and Cost policies Perform Cost Accounting processes Describe Cost Accounting reporting Manage Daily Cost Accounting tasks

The candidate needs to go through and be proficient in every topic.

Reference: https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024

Target Audience

The Oracle 1z0-1024 Certification Exam is targeted to the candidates having experience in inventory management cloud technology and want to set their career progression as Oracle Cost Management Cloud 2018 Certified Implementation Specialist (OCS).

Note: Oracle prohibits nationals of the embargoed territories of Cuba, Iran, North Korea, Syria, and Sudan from taking any Oracle test or from becoming certified.

Oracle 1Z1-1024 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Analysis and Period Close- Cost Processing
  • 1. Cost Processor Execution
  • 2. Create Cost Accounting Distributions
- Period-End Activities
  • 1. Reconciliation and Reporting
  • 2. Cost Accounting Period Close
Topic 2: Standard Cost Management- Standard Cost Setup
  • 1. Cost Rollup
  • 2. Create and Maintain Standard Costs
- Variance Analysis
  • 1. Resource Variances
  • 2. Material Variances
Topic 3: Landed Cost Management- Landed Cost Processing
  • 1. Landed Cost Adjustments
  • 2. Cost Allocation
- Landed Cost Configuration
  • 1. Charge Allocation Methods
  • 2. Trade Operations
Topic 4: Costing Foundations- Inventory and Costing Relationships
  • 1. Inventory Organizations
  • 2. Valuation Units
- Cost Organizations and Cost Books
  • 1. Cost Books Configuration
  • 2. Cost Organization Structures
Topic 5: Cost Accounting Configuration- Cost Accounting Setup
  • 1. Cost Elements
  • 2. Cost Components
  • 3. Cost Profiles
- Subledger Accounting
  • 1. Accounting Rules
  • 2. Journal Entry Rules
Topic 6: Receipt Accounting- Receipt Accounting Processes
  • 1. Accrual Accounting
  • 2. Receipt Transactions
- Period-End Processing
  • 1. Receipt Accounting Adjustments
  • 2. Reconciliation
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