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Oracle 1z1-987 exam is an essential certification for professionals seeking to demonstrate their knowledge and expertise in the Oracle Cost Management Cloud 2017 solution. By passing 1z1-987 exam, candidates can open up a range of career opportunities and demonstrate their commitment to excellence in the field of cost management.

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

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Oracle 1z1-987 exam is designed to measure the ability of a professional to implement and configure the Oracle Cost Management Cloud service. 1z1-987 exam focuses on fundamental concepts related to the management of costs in a cloud environment, including cost accounting, cost planning, and cost allocation. A successful candidate will demonstrate knowledge of key features of the Oracle Cost Management Cloud solution, such as the ability to link cost management to procurement and inventory management, as well as the ability to use advanced costing methods such as activity-based costing and standard costing.

Oracle 1z1-987 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Management Cloud Overview- Cost Management Fundamentals
  • 1. Cost structure and cost components
    • 2. Key concepts of cost accounting in Oracle Cloud
      - Setup and Configuration
      • 1. Cost profiles and cost methods
        • 2. Cost organization setup
          Topic 2: Cost Accounting and Costing Methods- Cost Accounting Processes
          • 1. Cost distribution and absorption
            • 2. Cost revaluation and adjustments
              - Costing Methods
              • 1. Average costing
                • 2. Actual costing
                  • 3. Standard costing
                    Topic 3: Inventory and Supply Chain Costing- Inventory Valuation
                    • 1. Receipt accounting and valuation
                      • 2. Inventory layers and cost rollups
                        - Supply Chain Cost Flows
                        • 1. Transfer pricing basics
                          • 2. Intercompany cost accounting
                            Topic 4: Cost Analysis and Reporting- Cost Analysis
                            • 1. Cost breakdown reporting
                              • 2. Cost variance analysis
                                - Reporting Tools
                                • 1. Cost accounting reports
                                  • 2. Oracle reporting capabilities

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