1Z0-1082-20 | Oracle Profitability and Cost Management 2020

Oracle 1Z0-1082-20, Profitability and Cost Management 2020 Implementation Essentials

An Oracle 1Z0-1082-20 Profitability and Cost Management 2020 Certified Implementation Specialist validates the candidate’s knowledge and skills of implementing Enterprise Performance Management and Oracle Profitability and Cost Management Cloud solutions. These candidates are able to understand Profitability and Cost Management system architecture and requirements. Further, they can set up and configure Cloud security, build EPM Cloud automation routines, perform lifecycle management for different scenarios, create a PCM application, create and manage Allocations, and design reports using Financial Reporting Studio.

Skills Required

Oracle Academy’s courses coordinate to Oracle professional certifications provided by Oracle University, which means that the candidate can demonstrate their skills and knowledge with a distinction that is recognized by IT professionals and sector. So, the candidate should have such knowledge in order to take the exam.

Oracle 1Z0-1082-20: Exam Details

The Oracle Profitability and Cost Management 2020 Implementation Essentials exam consists of 55 questions that are of type multiple-choice. Candidates will be given 85 minutes to complete the exam. However, to pass the exam, it is necessary to score a minimum of 66%. The exam will cost you $245 USD and is a validated exam against Profitability and Cost Management 20.03

Oracle 1Z0-1082-20, Profitability and Cost Management 2020 Implementation Essentials exam details

Exam Topics

Reviewing the exam topics beforehand is always a good option for candidates to begin with. Therefore, make sure to go with the official exam topic guide provided by Oracle. For your convenience, here is the list of all the exam topics with each and every domain and modules

Domain 1: Profitability and Cost Management Overview

Describing allocation-based business processes
Describing approach to building allocation application
Describing Profitability and Cost Management system architecture and requirements
Describing Profitability and Cost Management essential concepts

Domain 2: Data Management

Describing use cases for Data Management
Performing administration tasks: predefine system setting profiles, set up source systems, register target applications, set up drill through
Setting up definitions for import format, locations, period mappings, category mappings
Performing loading data tasks: create member mappings, define data load rules, run or schedule data load rules
Describing logic accounts and identify use cases
Performing batch processing – define batch, execute batch, schedule job

Domain 3: Managing a PCM Custom Application Build

Performing a Pre-Update Analysis and Update Dimensions
Performing Metadata Validation
Performing Validate
Performing loading data into Essbase
Setting up PCM security
Managing the Point of View (POV)

Domain 4: Viewing and Validating Models

Explaining model views
Performing rule balancing for application validation
Performing an allocation trace
Describing how validation and system reports enable you to identify and diagnose logic and system issues

Domain 5: Using Financial Reporting

Design reports using Financial Reporting Web Studio

Domain 6: Oracle EPM Cloud Foundation

Setting up and configure Cloud security
Building EPM Cloud automation routines – Job Scheduler, EPMAutomate
Performing lifecycle management for different scenarios

Domain 7: Creating a PCM application

Explaining dimensions and requirements
Creating application with dimensions from flat files

Domain 8: Creating and Managing Allocations

Explaining two types of rules and what they do
Explaining contexts – global and ruleset
Explaining the rule set and rule sequence in how they affect order and results
Explaining sequential, parallel, iterative execution rule set calculation options and respective benefits
Describing steps to create allocation rule
“Defining source and target for allocation rule – the impact of selecting upper-level members, same as source, member filters”
Defining driver basis for allocation rule – how member references work, result and impact of allocating evenly, partial allocations
Defining allocation offset for allocation rule – impact selecting this option
Describing steps to create custom calculation rule
Defining the target for custom calculation rule
Defining formula for custom calculation rule – formula syntax, result side (left-hand side) requirements, right-hand side requirements and options

Domain 9: Working with PCM Analytics

Describing types of queries run from the Intelligence Panel
Creating analysis views
Creating dashboards
Creating profit curves

Domain 10: Using Smart View

Describing Smart View and EPM Cloud extensions
Analyzing data and troubleshooting using ad hoc

Exam policies

Oracle Certification provides exam policies to support the candidates by providing every detail related to the certification program. However, candidates during studying for the Oracle 1Z0-1082-20 exam should first go through and understand the Oracle

Exam Scheduling

Candidates can schedule for the Oracle Profitability and Cost Management 2020 Implementation Essentials exam by paying directly with a credit card, or redeem a voucher if purchased from Oracle. Or, they can schedule it through Oracle external testing provider, PearsonVue. Exam schedule

Other Exam Policies

Certification exam policies. On this page, the candidates will get information about after the exam or before exam procedures. This includes the exam retaking process, rules to be followed during the exam time, and other information about the exams and its testing centres.

While preparing for the Oracle 1Z0-1082-20 exam you will be solely responsible for understanding and complying with Oracle 1Z0-1082-20 exam policies, together with the specified exam delivery provider’s policies and procedures.

Preparation Guide | Oracle 1Z0-1082-20 Exam

Preparing for the Oracle 1Z0-1082-20 credential helps candidates gain knowledge and skills to qualify the exam with flying colours. Also, Training courses also prepare the candidate to gain a well-respected Oracle Certification that increments their chances of getting hired.

Analyze the Objectives

Objectives are the important domains of the Oracle 1Z0-1082-20 certification. So, review all the domains once again.

Profitability and Cost Management Overview
Data Management
Managing a PCM Custom Application Build
Viewing and Validating Models
Using Financial Reporting
Oracle EPM Cloud Foundation
Creating a PCM application
Creating and Managing Allocations
Working with PCM Analytics
Using Smart View

Download all the Exam Topics

The second most important step is to download the Course outline. It consists of all the domains and topics of the examination. So, make sure to download the Course Outline. This allows you to prepare for the Oracle 1Z0-1082-20 Exam, keeping in mind all the objectives clear.

Learning Subscription by Oracle

Oracle 1Z0-1082-20 training will help the candidates to become more efficient and more informed so they can use Oracle products to cause measurable results. Oracle Profitability and Cost Management 2020 Implementation Essentials Subscription. Enable the candidate’s business reformation to the cloud with an Oracle Profitability and Cost Management 2020 Implementation Essentials Subscription.

This will enable candidate with the full power of Oracle EPM Cloud investment with an Oracle EPM Cloud Learning Subscription. This all-digital learning solution is ideal for implementers, administrators, and business users seeking in-depth training on Oracle EPM Cloud and the available business processes

Access comprehensive, high-quality training videos delivered by Oracle experts. Practice what you learn with hands-on labs using live cloud environments. This subscription includes one attempt at each Oracle Cloud implementation certification exam included in this subscription, enabling you to become Oracle certified.

Furthermore, the candidate will get 24/7 access to a comprehensive set of learning courses, high-quality training videos provided by the Oracle experts, and also hands-on labs for 12 months.

Oracle Books

Now, that you’ve acquired knowledge through training. It’s time to go old school with books. As you know, Books are a good resource to acquire knowledge without any disturbance. So, here are a few books that would be a good option for you people out there.

Join a Community

Online forums and study groups are a great way to prepare for the Oracle 1Z0-1082-20 exam. Therefore, feel free to get in touch with other candidates through study forums or online groups to ask a question related to the topic you’re having difficulty with. However, it’s not something you have to join. It’s just something very subjective. Not to mention, these online groups help you stay equated with the other people who are also walking through the same path as yours. Moreover, you can also ask a question related to the topic you’re having difficulty with.

Go strong with Practice Tests

Finally, we’re on the last step for the preparatory guide. Further, this final step will give the candidate the exact insight of the topics in which they’re lacking. So, make sure you’re going through sample tests after you have gone through the entire syllabus. Most importantly, all the practice tests are designed to encounter the real exam environment around you. However, practice papers can be from various sources. Above all, remember the more you test yourself the better you’re going to become. SO START PRACTICING NOW!

Elevate your career and prepare to become a Certified Oracle Profitability and Cost Management 2020 Certified Implementation Specialist.