Oracle 1z0-1074-20 exam is an essential certification for professionals who want to excel in their careers in Oracle Cost Management Cloud. Oracle Cost Management Cloud 2020 Implementation Essentials certification is highly valued in the IT industry and can help professionals to stand out from their peers. It is also an excellent way for professionals to demonstrate their commitment to their profession and to their ongoing professional development.
Reference: https://education.oracle.com/oracle-cost-management-cloud-2020-implementation-essentials/pexam_1Z0-1074-20
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Oracle Cost Management Cloud is a comprehensive solution that is designed to help organizations manage their costs effectively. This cloud-based solution offers a range of features and capabilities that enable organizations to track and manage their costs in real-time. It also provides organizations with the ability to analyze their costs and identify areas where they can optimize their spending. The Oracle Cost Management Cloud is an essential tool for organizations that want to improve their profitability and reduce their operational costs.
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The Oracle 1z0-1074-20 exam is designed to test the candidate's knowledge of cost management concepts and the ability to implement them in the Oracle cost management cloud. Specifically, the exam aims to evaluate the candidate’s ability to configure account rules, plan cost requirements and allocate costs to tangible products and services. Upon passing the Oracle 1z0-1074-20 exam, the certified professionals demonstrate their expertise in cost management, boost their career portfolio and gain recognition in the industry.
Oracle 1z0-1074-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Landed Cost Management | 15% | - Landed Cost Setup
- Landed Cost Concepts
- Managing Landed Cost Charges
|
| Topic 2: Introduction to Cost Accounting | 20% | - Overview of Cost Accounting
- Integration with other Oracle Cloud Modules
- Key Implementation Decisions
|
| Topic 3: Configuring Cost Accounting | 25% | - Cost Organization and Books
- Quick Setup and Manual Setup
- Cost Profiles and Cost Methods
- Cost Elements and Cost Component Groups
|
| Topic 4: Cost Analysis and Reporting | 5% | - Rolled-up Costs and Cost Scenarios
- Period Close and Reporting
- Cost Accounting Work Area
|
| Topic 5: Receipt Accounting | 20% | - Receipt Accounting Setup
- Overview of Receipt Accounting
- Analyzing and Reconciling Receipt Balances
- Accrue at Period End
|
| Topic 6: Subledger Accounting | 15% | - Account Rules and Mapping Sets
- Accounting Methods
- Journal Line Rules
- Creating Subledger Journal Entries
|