Practice for 1z0-1074-24 Cost Management Cloud 2024 NEW!

Managerial Accounting Overview

• Explain cost accounting and its integration with other modules

• Describe the purpose of cost accounting, receipt accounting, and landed cost

• Explain key implementation decision points

Configuring Receipt Accounting

• Describe the Receipt Accounting Work Area

• Explain Receipt Accounting

• Configure Accrue at period end

• Set up and manage the Receipt Accounting processes

• Manage daily Receipt Accounting tasks

Configuring Cost Accounting

• Describe the Cost Accounting Work Area

• Explain Cost Accounting

• Configure costing methods like Standard, Perpetual, Actual, and Periodic Average Cost

• Configure Cost Accounting Key setups

• Explain the role of Costing Key setups and Cost policies

• Set up and manage Cost Accounting processes and Reporting

• Manage Daily Cost Accounting tasks

Managing Standard Costs

• Manage the various cost scenarios

• Create standard costs, resource rates, and overhead rates

• Manage rolled up Costs

• Analyze and resolve Standard Cost variances

Configuring and Managing Landed Cost

• Describe the Landed Cost Work Area

• Explain Landed Cost

• Manage landed cost

• Manage charge names, reference types and routes

Defining Subledger Accounting

• Explain receipt and cost accounting subledger

• Create Account Rules

• Create Journal Line Rules

• Create 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 the common inventory configurations

Managing Projects Enabled Supply Chain

• Explain common projects enabled SCM configurations

• Manage project enabled work orders