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Last Updated: Oct 18, 2026
No. of Questions: 70 Questions & Answers with Testing Engine
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Oracle 1z1-987 Exam consists of 70 multiple-choice questions that need to be answered within 105 minutes. 1z0-987 exam is available in English and can be taken at any authorized Oracle testing center or online through the Pearson VUE testing platform. The passing score for 1z0-987 exam is 64%, and candidates who pass the exam will receive the Oracle Cost Management Cloud 2017 Certified Implementation Specialist certification.
Oracle 1Z1-987 exam is designed to test your knowledge and proficiency in implementing Oracle Cost Management Cloud 2017. Oracle Cost Management Cloud 2017 Implementation Essentials certification is suitable for individuals who wish to validate their expertise in deploying and configuring Oracle products in a cloud environment. Oracle certifications are recognized industry-wide and can help you secure a position in the rapidly expanding field of cloud computing.
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Oracle Cost Management Cloud 2017 is a cloud-based financial management system that helps organizations to manage their cost accounting and inventory valuation activities. The system provides users with advanced features such as real-time monitoring of transactional data, advanced cost analysis, and reporting capabilities. The Oracle Cost Management Cloud 2017 also integrates seamlessly with other Oracle Cloud applications, providing a holistic solution for financial and operational management.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting Overview | 15% | - Integration with other Oracle Cloud modules - Managerial Accounting concepts - Key implementation decision points |
| Topic 2: Receipt Accounting and Landed Cost | 15% | - Purpose and functionality of Receipt Accounting - Landed Cost configuration and processing - Accounting for purchase receipts and adjustments |
| Topic 3: Setting Up Cost Accounting | 20% | - Defining Cost Books and Cost Profiles - Setting up item cost controls - Creating and managing Cost Organizations - Configuring Cost Elements and Cost Components |
| Topic 4: Security, Integration and Maintenance | 15% | - Defining security access for cost accounting - Integrating with external systems - Troubleshooting common cost issues |
| Topic 5: Cost Processing and Calculations | 20% | - Processing cost accounting transactions - Performing cost rollups and updates - Period close and reconciliation processes - Cost adjustments and corrections |
| Topic 6: Cost Analysis and Reporting | 15% | - Analyzing inventory valuation and margins - Using Cost Management dashboards - Generating cost accounting reports |
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