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Oracle Cost Management Cloud is designed to optimize and streamline the cost of goods sold (COGS). It provides an end-to-end solution that helps businesses drive down their cost of goods sold while enhancing their overall profitability. Oracle Cost Management Cloud 2017 Implementation Essentials certification exam combines the latest theories, techniques, and practical knowledge necessary for successful implementation and management of Oracle Cost Management Cloud 2017. 1z1-987 exam objectives cover everything from inventory costing methods to acquiring and tracking costs.
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Oracle 1z1-987 exam is designed to test your knowledge and skills in areas such as setting up cost organizations, creating cost books, configuring cost profiles, and managing cost accounting periods. You will also be tested on your ability to implement cost management features such as cost rollup, cost analysis, and cost adjustments. To pass 1z1-987 exam, you need to have a thorough understanding of the Oracle Cost Management Cloud 2017 and be able to apply this knowledge in real-world scenarios.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Analysis and Reporting | 15% | - Using Cost Management dashboards - Generating cost accounting reports - Analyzing inventory valuation and margins |
| Topic 2: Security, Integration and Maintenance | 15% | - Defining security access for cost accounting - Troubleshooting common cost issues - Integrating with external systems |
| Topic 3: Cost Processing and Calculations | 20% | - Cost adjustments and corrections - Period close and reconciliation processes - Processing cost accounting transactions - Performing cost rollups and updates |
| Topic 4: Setting Up Cost Accounting | 20% | - Defining Cost Books and Cost Profiles - Setting up item cost controls - Configuring Cost Elements and Cost Components - Creating and managing Cost Organizations |
| Topic 5: Receipt Accounting and Landed Cost | 15% | - Landed Cost configuration and processing - Accounting for purchase receipts and adjustments - Purpose and functionality of Receipt Accounting |
| Topic 6: Cost Accounting Overview | 15% | - Key implementation decision points - Managerial Accounting concepts - Integration with other Oracle Cloud modules |
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