Overview

An Oracle Cost Management 2023 Certified Implementation Professional has demonstrated the knowledge required to manage landed costs, manage sub-ledger accounting, manage cost scenarios, and configure costing methods and Project Enabled Supply Chain. Individuals who earn this certification are able to perform receipt accounting processes and analyze and resolve standard cost variances.Exam DetailsExam Title: Oracle Cost Management Cloud 2023 Implementation ProfessionalExam Number: 1Z0-1074-23Format: Multiple ChoiceDuration: 90 MinutesNumber of Questions: 55Passing Score: 62%Course OutlineManagerial Accounting OverviewExplain Cost Accounting and how it integrates with other modulesDescribe the purpose of Cost Accounting, Receipt Accounting, and Landed CostExplain key implementation decision pointsReceipt Accounting OverviewDescribe the Receipt Accounting Work AreaExplain Receipt AccountingConfigure Accrue at period endReceipt Accounting processesManage daily Receipt Accounting tasksCost Accounting OverviewDescribe the Cost Accounting Work AreaExplain Cost AccountingConfigure Costing methods (Standard, Perpetual, Actual, and Periodic average cost methods)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 policiesPerform Cost Accounting processes & ReportingManage Daily Cost Accounting tasksStandard CostsManage Cost scenariosCreate Standard Costs, Resource Rates, and Overhead RatesManage rolled-up CostsAnalyze and resolve Standard Cost variancesLanded Cost OverviewDescribe the Landed Cost Work AreaExplain Landed CostConfigure Landed Cost ManagementManage Charge Names, Reference types & RoutesSubledger AccountingExplain the Receipt & Cost Accounting SubledgerCreate Account RulesCreate Journal Line RulesCreate a Subledger Journal Entry Rule setCreate an Accounting MethodExplain the relationships of Subledger ComponentsAnalyze and resolve errors and exceptionsCosting and Inventory FoundationsExplain Common Inventory ConfigurationsProjects Enabled Supply ChainExplain Common Projects Enabled SCM ConfigurationsManage Project enabled Work Orders

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