The Oracle Cost Management 2024 Implementation Professional certification is designed for Cost Management Implementers and Cost Accountants who implement enterprise costing solutions. An individual who earns this certification is skilled at and capable of managing landed costs, subledger accounting, cost scenarios; configuring costing methods and Project Enabled Supply Chain; implementing receipt accounting processes; analyzing and resolving standard cost variances.
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The Oracle Cost Management 2024 Implementation Professional certification is designed for Cost Management Implementers and Cost Accountants who implement enterprise costing solutions. An individual who earns this certification is skilled at and capable of managing landed costs, subledger accounting, cost scenarios; configuring costing methods and Project Enabled Supply Chain; implementing receipt accounting processes; analyzing and resolving standard cost variances.
The Oracle Cost Management Cloud 2024 Implementation Specialist certification exam (1Z0-1074-24) tests candidates' expertise in implementing and managing Oracle Cloud ERP Cost Management solutions. This exam is for practitioners who want to demonstrate their knowledge and practical skills in receipt accounting, cost accounting, standard costing, and entry accounting. The exam lasts 90 minutes and consists of 50 multiple-choice questions with a passing score of 68%. The exam covers several key modules, including: Management Accounting Fundamentals (such as the role of cost accounting and key decision points), Receipt Accounting Configuration (such as period-end accrual and daily task management), Cost Accounting Configuration (covering standard, real-time, actual, and cycle average cost methods), Standard Cost Management (including cost rollback, resource and overhead rate setting), Landed Cost Configuration (covering expense names, reference types, and route management), Entry Accounting Definitions (such as account rules, entry rules, and exception handling), Cost and Inventory Fundamentals, and Project-Driven Supply Chain Management (including project-enabled work order and inventory setup). Candidates should combine Oracle's official training resources, practical operation experience and simulated test questions to comprehensively prepare and improve their test-taking ability.
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