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Earning the Oracle 1Z1-1024 certification can benefit professionals in various ways. It can demonstrate their expertise in implementing Oracle's Cost Management Cloud solution, which is an essential skill in today's competitive business environment. It can also enhance their credibility and reputation among clients, colleagues, and employers, and increase their chances of landing high-paying job opportunities. Finally, it can provide a pathway for professionals to advance their careers in the field of cost management and take on more challenging roles and responsibilities.
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Oracle 1Z1-1024 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Cost Accounting | 25% | - Cost accounting reporting - Configure costing methods: Standard, Perpetual, Actual - Perform daily cost accounting processes - Set up cost organizations, cost books, and profiles - Cost Accounting Work Area |
| Overview and Key Concepts | 15% | - Purpose of Cost Accounting, Receipt Accounting, and Landed Cost - Integration with other Oracle Cloud modules - Implementation decision points |
| Standard Costing | 15% | - Cost rollup and scenarios - Analyze and resolve standard cost variances - Create and manage standard costs, resource rates, overhead rates |
| Receipt Accounting | 20% | - Configure accrual: Accrue on receipt, Accrue at period end - Execute receipt accounting transactions - Receipt Accounting Work Area - Receipt accounting reporting and reconciliation |
| Subledger Accounting | 10% | - Subledger components and relationships - Create account rules, journal line rules, accounting methods - Troubleshoot accounting errors and exceptions |
| Landed Cost Management | 15% | - Landed Cost Work Area - Configure charge names, routes, and reference types - Manage daily landed cost operations - Landed cost reporting |
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