Earn Oracle Cost Management 2023 Certified Implementation Professional Certification with Dumpsgate Advance prep Material

An Oracle Cost Management 2023 Certified Implementation Professional has demonstrated the knowledge required to manage landed costs, manage sub-ledger accounting, manage cost scenarios, and configure costing methods and Project Enabled Supply Chain. Individuals who earn this certification are able to perform receipt accounting processes and analyze and resolve standard cost variances.

Exam Details 

• Exam Title: Oracle Cost Management Cloud 2023 Implementation Professional
• Exam Number: 1Z0-1074-23
• Format: Multiple Choice
• Duration: 90 Minutes
• Exam Price: $245
• Number of Questions: 55
• Passing Score: 62%

Course Outline 

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, Actual, and Periodic average cost methods)
• 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

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FAQs 

Is the Oracle 1Z0-1074-23 exam from Oracle easy?

If you have learned and practiced all the necessary exam concepts, the Oracle 1Z0-1074-23 exam is easy. If you practically learn all the topics, you can easily pass the exam.

What is the importance of taking the Oracle 1Z0-1074-23 exam?

With the Oracle 1Z0-071 exam, you can land the roles that you desire for. You would be offered handsome salaries due to the high recognition of Oracle certifications. Moreover, you would learn the most recommended skills for producing the necessary solutions.

What is the best way to prepare for the 1z0-1074-23 exam?

The best way to prepare for the exam is given below:

• Use a study guide to learn about the exam. 
• Use lectures, study courses and guides to prepare for the exam. 
• Practice the questions from authentic dumps. 
• Revise the concepts.

Can Oracle Cost Management Implementer certification get you a job?

Yes, your chances of getting a management job increases many times more with the Cost Management Implementer certification. The average income made by the professional is $95,739 per year. 

How many attempts can I make to pass the 1Z0-1074-23 exam?

You have 4 attempts which you can use in 12 months to successfully pass the 1Z0-1074-23 exam. 

Do I need to wait to retake my 1Z0-1074-23 exam?

Yes, you have to wait for 5 days from the date of your exam attempt to take the exam. For every attempt, you need to pay the exam fee. 

Do I need to recertify my 1Z0-1074-23 certification?

Yes, you need to recertify to keep your 1Z0-1074-23 certification valid. You need to take the latest exam to earn the recertification. 

How long is the 1Z0-1074-23 valid?

The Cost Management Implementer certification is valid for 2 years. You can keep it valid by taking the latest assessment that tests your updated management skills and knowledge. 

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