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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
Standard Costs Manage Cost scenarios Create Standard Costs, Resource Rates, and Overhead Rates Manage rolled up Costs Analyse and resolve Standard Cost variances
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
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
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
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
The candidate needs to go through and be proficient in every topic.
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Passing the Oracle 1Z1-1024 certification exam will establish a professional's credibility and expertise in cost management cloud implementation, making them ideal candidates for roles such as implementation consultants, project managers, and system administrators.
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Oracle 1Z1-1024 Certification Exam is designed for professionals specializing in cost management. Oracle Cost Management Cloud 2018 Implementation Essentials certification exam is meant for individuals who want to validate their skills in implementing Oracle's Cloud-based Cost Management solutions effectively. If you are already working as a Cost Accountant or Financial Analyst, this certification exam will help you become an expert in implementing and managing the Oracle Cost Management Cloud 2018 suite.
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| Section | Weight | Objectives |
|---|---|---|
| Landed Cost Management | 15% | - Landed Cost Work Area - Manage daily landed cost operations - Landed cost reporting - Configure charge names, routes, and reference types |
| Subledger Accounting | 10% | - Create account rules, journal line rules, accounting methods - Troubleshoot accounting errors and exceptions - Subledger components and relationships |
| Receipt Accounting | 20% | - Execute receipt accounting transactions - Receipt Accounting Work Area - Receipt accounting reporting and reconciliation - Configure accrual: Accrue on receipt, Accrue at period end |
| Standard Costing | 15% | - Analyze and resolve standard cost variances - Create and manage standard costs, resource rates, overhead rates - Cost rollup and scenarios |
| Cost Accounting | 25% | - Configure costing methods: Standard, Perpetual, Actual - Set up cost organizations, cost books, and profiles - Perform daily cost accounting processes - Cost Accounting Work Area - Cost accounting reporting |
| Overview and Key Concepts | 15% | - Purpose of Cost Accounting, Receipt Accounting, and Landed Cost - Implementation decision points - Integration with other Oracle Cloud modules |
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