Oracle Cost Management Cloud 2020 Implementation Essentials (1Z0-1074-20) Practice Exam

Oracle Cost Management Cloud 2020 Implementation Essentials (1Z0-1074-20) 

About Oracle Cost Management Cloud 2020 Implementation Essentials (1Z0-1074-20) 

An Oracle Cost Management 2020 Certified Implementation Specialist has demonstrated the knowledge required to manage landed costs, manage sub ledger accounting, manage cost scenarios, and configure costing methods. Individuals who earn this certification are able to perform receipt accounting processes and analyze and resolve standard cost variances. Current training and field experience are highly recommended.

Exam Details

• Exam Title: Oracle Cost Management Cloud 2020 Implementation Essentials
• Exam Number: 1Z0-1074-20
• Exam Price: $245 USD
• Format: Multiple Choice
• Duration: 85 Minutes
• Number of Questions: 55
• Passing score: 62%
• Validated Against: Exam has been validated against 20B

Course Outline

The Oracle Cost Management Cloud 2020 Implementation Essentials (1Z0-1074-20) Exam covers the following topics -

1. Managerial Accounting Overview

Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost

Explain key implementation decision points

2. Cost Accounting Overview

Describe the Cost Accounting Work Area

Explain Cost Accounting

Configure Costing methods (Standard, Perpetual, and Actual)

Configure Cost Accounting Using Quick Setup and/or Manual Setup

Create Cost Accounting Key setups (Cost Org, Cost Book, Relationships, Elements, Components, Component Mappings, Valuation Structures, Cost Profiles, and Default Cost Profiles)

Explain the Role of Costing Key setups and Cost policies

Perform Cost Accounting processes

Describe Cost Accounting reporting

Manage Daily Cost Accounting tasks

3. 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

4. Costing and Inventory Foundations

Explain Common Inventory Configurations

Describe Managerial Accounting Basics

Explain Cost Accounting

5. 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

6. Standard Costs

Manage Cost scenarios

Create Standard Costs, Resource Rates, and Overhead Rates

Manage rolled up  Costs

Analyze and resolve Standard Cost variances

7. 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

8. Projects Enabled Supply Chain

Explain Common Projects Enabled SCM Configurations

Manage Project enabled Work Orders

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