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Oracle 1Z1-1074 exam is an essential certification for professionals who want to demonstrate their expertise in implementing Oracle Cost Management Cloud solutions. It helps professionals to enhance their skills and knowledge in the field of cloud technology and provides an opportunity to advance their careers. 1Z0-1074 exam assesses the candidate's understanding of the various modules of Oracle Cost Management Cloud, including inventory valuation, cost accounting, and supply chain management, and the implementation of these modules. Candidates who pass the exam can be confident in their ability to implement Oracle Cost Management Cloud solutions and can differentiate themselves in the job market.

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Oracle 1Z1-1074 exam, also known as the Oracle Cost Management Cloud 2019 Implementation Essentials exam, is a certification test that validates the skills and knowledge of individuals in implementing and using Oracle Cost Management Cloud. 1Z0-1074 exam is designed to measure the candidate's expertise in managing cost accounting, managing cost accounting structures, and managing cost accounting transactions. The 1Z1-1074 certification exam is intended for professionals who are responsible for the implementation of Oracle Cost Management Cloud in their organizations, including implementation consultants, implementation specialists, and solution architects.

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

Oracle 1Z0-1074 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Managerial Accounting Overview15%- Integration with other Oracle Cloud modules
- Purpose of cost accounting, receipt accounting, and landed cost
- Key implementation decision points
Topic 2: Subledger Accounting15%- Build journal entry rule sets and accounting methods
- Analyze and resolve accounting errors/exceptions
- Create account rules and journal line rules
- Cost accounting and receipt accounting subledger components
Topic 3: Receipt Accounting15%- Receipt accounting reporting
- Perform receipt accounting processes
- Configure Accrue on Receipt and Accrue at Period End
- Receipt Accounting work area
Topic 4: Standard Costs15%- Manage rolled-up costs
- Create standard costs, resource rates, and overhead rates
- Analyze and resolve standard cost variances
- Manage cost scenarios
Topic 5: Costing and Inventory Foundations5%- Common inventory configurations for costing
- Cost organization and cost books setup
Topic 6: Project Enabled Supply Chain5%- Setup project-driven supply chain
- Integrate project costing with inventory
Topic 7: Cost Accounting20%- Configure costing methods: Standard, Perpetual, Actual
- Run and manage cost accounting processes
- Costing key setups and cost policies
- Cost Accounting work area
- Cost accounting reporting
Topic 8: Landed Cost10%- Manage landed cost processes
- Define charge names, reference types, and routes
- Landed Cost work area

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