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Topics to Cover
Oracle 1z0-1024 Certification Exam is based on the learnings, key topics, and activities encountered during oracle pieces of training and implementations.
Following are the major topics along with the sub-skills, a candidate should cover while preparing for the examination. These topics will give the candidates a clear view of which topics and skills inclusive, one should focus on for the certification.
Note: The list and details are not an all-inclusive content list. Oracle reserves the right to change and update the content (topics and sub-skills) at any point in time.
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
Describe Landed Cost reporting
Manage Daily Landed Cost tasks
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
Managerial Accounting Overview
Cost Accounting and its integration with different modules
Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost
Explain key implementation decision points
Cost Accounting Overview
Describe the Cost Accounting Work Area
Explain Cost Accounting
Configure Standard, Perpetual, and Actual costing methods
Configure Cost Accounting
Create Cost Accounting Key setups
Explain Role of Costing Key setups and Cost policies
Perform Cost Accounting processes
Describe Cost Accounting reporting
Manage Daily Cost Accounting tasks
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
Standard Costs
Manage Cost scenarios
Create Standard Costs, Resource Rates, and Overhead Rates
Manage rolled up Costs
Analyse and resolve Standard Cost variances
The candidate needs to go through and be proficient in every topic.
Oracle 1Z1-1024 exam, also known as the Oracle Cost Management Cloud 2018 Implementation Essentials exam, is a certification exam designed for professionals who want to validate their knowledge and skills in implementing Oracle Cost Management Cloud solutions. 1Z1-1024 exam is intended for individuals who have experience with Oracle Cloud technology and have a strong understanding of cost management concepts.
Reference: https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024
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Oracle Cost Management Cloud is a software platform that enables organizations to manage their costs in a more strategic manner. The platform provides a range of capabilities, including cost analysis, planning, budgeting, and forecasting. The Oracle Cloud platform also offers advanced reporting and analytics capabilities that enable users to gain insights into their cost structures and identify areas for improvement.
Oracle 1Z1-1024 Certification Exam is designed for individuals who wish to demonstrate their expertise in implementing Oracle Cost Management Cloud 2018 solutions. Oracle Cost Management Cloud 2018 Implementation Essentials certification validates the knowledge and skills required to implement and configure various cost management features of Oracle Cloud. 1Z1-1024 exam covers a wide range of topics, including cost accounting, cost analysis, cost control, and cost planning.
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Oracle 1Z1-1024 Exam Syllabus Topics:
| Section | Objectives |
| Inventory and Costing Integration | - Inventory valuation and accounting
- 1. Transfer and movement cost impacts
- 2. Receipt accounting and cost updates
|
| Cost Analysis and Reporting | - Cost reports and analytics
- 1. Profitability and margin reporting
- 2. Cost variance analysis
|
| Cost Accounting Foundations | - Cost elements and cost components
- 1. Resource and burden cost structures
- 2. Material and overhead cost definitions
|
| Cost Management Cloud Setup and Configuration | - Enterprise structures and cost organization setup
- 1. Ledger and business unit configuration
- 2. Cost organization hierarchy setup
|
| Cost Allocation and Distribution | - Cost allocation methods
- 1. Cost pool distribution rules
- 2. Overhead absorption and burdening
|