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Oracle 1z1-987: Oracle Cost Management Cloud 2017 Implementation Essentials is a certification exam that offers IT professionals certification to prove their proficiency in implementing Oracle Cost Management Cloud 2017. 1z1-987 exam measures your skills on various topics that enable you to reduce costs and improve the supply chain process in your organization by leveraging Oracle Cloud Cost Management solutions. Oracle Cost Management Cloud 2017 Implementation Essentials certification offers proof of your knowledge and skills, making it a valuable addition to your resume and increasing your marketability within the IT industry.

Reference: https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-987

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Oracle 1z1-987 Certification Exam is an excellent opportunity for IT professionals and accountants to demonstrate their expertise in implementing and configuring Oracle’s Cost Management Cloud product. Successful completion of 1z1-987 exam can open the doors for career advancement and growth, as well as enhance your reputation as a reliable, knowledgeable professional in the industry.

According to Oracle, Oracle Cloud Cost Management solutions offer businesses the insights they need to drive cost-saving initiatives that enable profitability in their operations. As such, businesses that adopt such solutions benefit from integrated views of costs and inventory to support informed decision-making, visibility into product costs to optimize pricing strategies, and the ability to manage cost across the entire supply chain. The demand for Oracle Certified Professionals in Oracle Cost Management Cloud 2017 Implementation has grown in recent years due to the increasing adoption of Oracle Cloud solutions in various industries.

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Oracle 1z1-987 certification exam is designed to test the knowledge and competency of candidates in implementing Oracle Cost Management Cloud 2017. Oracle Cost Management Cloud 2017 Implementation Essentials certification is intended to validate the skills required to effectively implement and configure Oracle Cost Management Cloud 2017 in organizations. The Oracle Cost Management Cloud 2017 Implementation Essentials certification is globally recognized and is a valuable asset for IT professionals seeking to advance their careers in the field of cloud-based financial management systems.

Oracle 1z1-987 Exam Syllabus Topics:

SectionObjectives
Receipt Accounting- Manage receipt related accounting tasks
- Receipt Accounting work area
- Accrue at receipt vs period end processing
Introduction to Cost Management Cloud- Integration with other Oracle Cloud SCM modules
- Purpose and scope of Cost Management
Cost Accounting Concepts- Cost Organization and Cost Books setup
- Configure costing methods (standard, actual, perpetual)
- Cost Accounting work area
Landed Cost Management- Manage routes and charge names
- Configure Landed Cost reference types
Subledger Accounting Integration- Configure accounting methods and rules
- Journal line and entry rule sets
Standard Costs and Cost Scenarios- Roll up and publish standard costs
- Create and manage cost scenarios
- Analyze and resolve cost variances
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