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With the ever-increasing demand for Cloud computing professionals, achieving the Oracle 1Z1-1074 certification is an invaluable step in advancing one's career. It not only validates your knowledge and skills in implementing Cost Management Cloud 2019 but also demonstrates your commitment to keeping up with current industry trends and best practices.

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Oracle 1Z1-1074 certification exam covers several topics, including enterprise structures, inventory management, cost accounting, cost analysis, and cost accounting rules. These topics are essential in understanding, implementing, and maintaining Oracle Cost Management Cloud 2019 solutions that drive an organization's financial success.

Oracle 1Z1-1074 certification is ideal for professionals who are involved in implementing and managing the Oracle Cost Management Cloud solution. This includes solution architects, implementation consultants, project managers, and business analysts. Oracle Cost Management Cloud 2019 Implementation Essentials certification can also be beneficial for professionals who want to enhance their skills and knowledge in cloud cost management.

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

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To take the Oracle 1Z1-1074 Certification Exam, candidates must have a strong understanding of cost accounting principles, inventory management practices, and project costing methodologies. They should also have experience working with Oracle Cost Management Cloud and be proficient in using its various features and functionalities. Passing the exam demonstrates that the candidate has the necessary knowledge and skills to implement Oracle Cost Management Cloud effectively, which can lead to career advancement and increased job opportunities in the field of cost accounting and management.

Oracle 1Z1-1074 Exam Syllabus Topics:

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

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