1Z0-1074-23 Exam Dumps

The Oracle Cost Management Cloud 2023 Implementation Professional certification, designated as exam 1Z0-1074-23, validates expertise in implementing and configuring Oracle Cost Management Cloud solutions across cost accounting, inventory valuation, and landed cost processes. The scope defined by the official objectives includes the ability to integrate cost management functions with supply chain operations, set up foundational components for accurate cost tracking, and manage the application’s features to support business transactions. Candidates are assessed on their proficiency in applying Oracle Cloud capabilities to meet specific costing requirements, ensuring accurate financial and operational reporting.

The competencies embedded in the objectives emphasize configuring essential cost structures and mapping accounts to support inventory and work-in-process tracking, setting cost policies, managing cost accounting distributions, and establishing controls that align with enterprise needs. Skills include utilizing tools to process and monitor cost transactions, reconciling cost data with other modules, and applying best practices for maintaining data accuracy within the system. Proficiency in handling landed cost functionality and related configurations is also emphasized, along with a thorough understanding of how costing interacts with procurement, manufacturing, and inventory processes.

Certified professionals demonstrate the ability to configure Oracle Cost Management Cloud so that costing activities run efficiently and produce precise results for decision-making. They manage the end-to-end cost accounting lifecycle, from capturing source transactions to generating and reviewing accounting distributions. Their skills allow them to streamline the handling of landed costs, evaluate inventory valuations in real time, and integrate cost data seamlessly with other operational and financial modules. In practice, professionals leverage these capabilities to help organizations maintain compliance, optimize cost visibility, and support supply chain profitability through accurate and timely costing information.

After obtaining the 1Z0-1074-23 certification, candidates may qualify for roles such as Cost Accountant, Costing Analyst, Oracle Cloud Cost Management Consultant, and Supply Chain Cost Specialist. Depending on organizational structures, they may also pursue positions as Implementation Specialist or Inventory Valuation Analyst. These roles align directly with the technical and functional expertise defined by the official objectives.