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As companies try to streamline operations and improve their bottom line, the importance of cost management solutions cannot be overstated. And the Oracle Cost Management Cloud solution is one of the most effective tools for addressing these issues. The 1z1-987 exam is part of the Oracle Certification Program, which validates the skills and knowledge of professionals who work with Oracle's technology. Passing 1z1-987 exam is an essential step for anyone who wants to demonstrate their expertise in this important area.

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

Oracle 1z1-987 exam is designed to test your knowledge and skills in areas such as setting up cost organizations, creating cost books, configuring cost profiles, and managing cost accounting periods. You will also be tested on your ability to implement cost management features such as cost rollup, cost analysis, and cost adjustments. To pass 1z1-987 exam, you need to have a thorough understanding of the Oracle Cost Management Cloud 2017 and be able to apply this knowledge in real-world scenarios.

Oracle 1z1-987 Exam Syllabus Topics:

SectionWeightObjectives
Cost Processing and Calculations20%- Performing cost rollups and updates
- Processing cost accounting transactions
- Period close and reconciliation processes
- Cost adjustments and corrections
Setting Up Cost Accounting20%- Defining Cost Books and Cost Profiles
- Configuring Cost Elements and Cost Components
- Creating and managing Cost Organizations
- Setting up item cost controls
Receipt Accounting and Landed Cost15%- Accounting for purchase receipts and adjustments
- Purpose and functionality of Receipt Accounting
- Landed Cost configuration and processing
Cost Analysis and Reporting15%- Using Cost Management dashboards
- Generating cost accounting reports
- Analyzing inventory valuation and margins
Security, Integration and Maintenance15%- Troubleshooting common cost issues
- Defining security access for cost accounting
- Integrating with external systems
Cost Accounting Overview15%- Key implementation decision points
- Integration with other Oracle Cloud modules
- Managerial Accounting concepts
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