Latest and Reviewed practice training to Oracle Cost Management Cloud 2021 Implementation Essentials with most of the questions with explanations obtained in the Oracle Documentation.

Exam Number: 1Z0-1074-21

Covers the exam topics:

Managerial Accounting Overview

Explain Cost Accounting and how it integrates with other 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

Receipt Accounting processes

Manage daily Receipt Accounting tasks

Cost Accounting Overview

Describe the Cost Accounting Work Area

Explain Cost Accounting

Configure Costing methods (Standard, Perpetual, and Actual)

Create Cost Accounting Key setups (Cost Org, Cost Book, Relationships, Elements, Components, Component Mappings, Valuation Structures, Cost Profiles, and Default Cost Profiles)

Explain the Role of Costing Key setups and Cost policies

Perform Cost Accounting processes & Reporting

Manage Daily Cost Accounting tasks

Standard Costs

Manage Cost scenarios

Create Standard Costs, Resource Rates, and Overhead Rates

Manage rolled up Costs

Analyze and resolve Standard Cost variances

Landed Cost Overview

Describe the Landed Cost Work Area

Explain Landed Cost

Configure Landed Cost Management

Manage Charge Names, Reference types & Routes

Subledger Accounting

Explain the Receipt & Cost Accounting Subledger

Create Account Rules

Create Journal Line Rules

Create a Subledger Journal Entry Rule set

Create an Accounting Method

Explain the relationships of Subledger Components

Analyze and resolve errors and exceptions

Costing and Inventory Foundations

Explain Common Inventory Configurations

Projects Enabled Supply Chain

Explain Common Projects Enabled SCM Configurations

Manage Project enabled Work Orders