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Oracle 1z1-987 certification exam covers all aspects of implementing and configuring Oracle Cost Management Cloud 2017, including inventory, cost accounting, and cost analysis. Oracle Cost Management Cloud 2017 Implementation Essentials certification exam is designed to test the knowledge, skills, and abilities of candidates in effectively implementing the Oracle Cost Management Cloud 2017 application in various organizations. The topics covered in the exam include Oracle Cost Management Cloud architecture, inventory management, cost accounting, cost analysis, and reporting.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Setting Up Cost Accounting | 20% | - Configuring Cost Elements and Cost Components - Creating and managing Cost Organizations - Defining Cost Books and Cost Profiles - Setting up item cost controls |
| Topic 2: Cost Analysis and Reporting | 15% | - Analyzing inventory valuation and margins - Generating cost accounting reports - Using Cost Management dashboards |
| Topic 3: Cost Processing and Calculations | 20% | - Processing cost accounting transactions - Period close and reconciliation processes - Performing cost rollups and updates - Cost adjustments and corrections |
| Topic 4: Cost Accounting Overview | 15% | - Key implementation decision points - Managerial Accounting concepts - Integration with other Oracle Cloud modules |
| Topic 5: Security, Integration and Maintenance | 15% | - Defining security access for cost accounting - Troubleshooting common cost issues - Integrating with external systems |
| Topic 6: Receipt Accounting and Landed Cost | 15% | - Accounting for purchase receipts and adjustments - Purpose and functionality of Receipt Accounting - Landed Cost configuration and processing |
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