1Z0-1072-25
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SCM Cost Management (1Z0-1072-25)
The course teaches Oracle Fusion Cloud Cost Management fundamentals, covering cost configuration, processing, variance analysis, accounting, reporting, and advanced features, enabling learners to manage cloud expenses efficiently.
90
Minutes
55
Questions
65
Passing Score
$245
Exam Cost
Who Should Take This
Finance analysts, cloud administrators, and ERP consultants who regularly work with Oracle Fusion Cloud and need to control and report cloud spending will benefit. They should have basic ERP knowledge and aim to validate their expertise through the 1Z0-1072-25 associate certification, positioning themselves for roles that require cost‑management proficiency.
What's Covered
1
Cost Configuration
2
Cost Processing
3
Variance Analysis
4
Accounting and Reporting
5
Advanced Features
What's Included in AccelaStudy® AI
Adaptive Knowledge Graph
Practice Questions
Lesson Modules
Console Simulator Labs
Exam Tips & Strategy
20 Activity Formats
Course Outline
62 learning goals
1
Cost Configuration
2 topics
Cost Methods
- Identify cost methods: standard costing, actual costing, and average costing approaches.
- Configure cost organizations with cost books, valuation structures, and cost element definitions.
- Implement cost profiles with item-level costing method assignment and cost attribute configuration.
- Analyze cost method selection to recommend approaches meeting financial reporting and management analysis needs.
- Identify the key components and features of Cost Methods and describe their primary functions within Oracle Fusion Cloud Cost Management Associate.
- Deploy Cost Methods with integration to analytics, reporting, and audit services for operational visibility.
- Analyze Cost Methods configurations to identify process inefficiencies, gaps, and optimization opportunities.
Cost Elements
- Describe cost element types: material, material overhead, resource, resource overhead, and outside processing.
- Configure cost element definitions with overhead rates, absorption rules, and allocation methods.
- Implement cost component mappings for BOM-based cost rollup and manufactured item costing.
- Evaluate cost element configurations to ensure complete cost capture across all manufacturing operations.
- Configure Cost Elements with appropriate settings and parameters for a production implementation in Oracle Fusion Cloud Cost Management Associate.
- Assess Cost Elements implementations against best practices to identify gaps and recommend improvements.
- Name the prerequisites, dependencies, and supporting modules required for implementing Cost Elements.
2
Cost Processing
2 topics
Cost Rollup
- Describe cost rollup: BOM explosion, routing-based costing, and multi-level cost calculation.
- Implement cost rollup processing with BOM levels, component cost aggregation, and effective date handling.
- Configure standard cost update procedures with mass update, pending costs, and cost change approval.
- Analyze cost rollup results to identify cost drivers and recommend optimization opportunities.
- Evaluate Cost Rollup alternatives and tradeoffs to recommend the optimal configuration for given constraints.
- Recognize common terminology, setup steps, and best practices associated with Cost Rollup.
Transaction Costing
- Identify costed transactions: receipts, issues, WIP completions, and inter-org transfers.
- Configure transaction costing rules for material moves, work order operations, and outside processing.
- Implement receipt cost adjustment procedures for purchase price variance and invoice price changes.
- Evaluate transaction costing to identify variance patterns and recommend process improvements.
- List the configuration options and parameters available for Transaction Costing and describe when each is appropriate.
- Apply Transaction Costing configuration patterns to meet specific business requirements including regulatory compliance.
3
Variance Analysis
2 topics
Cost Variances
- Identify variance types: purchase price, usage, efficiency, rate, overhead, and mix variances.
- Configure variance tracking with standard-to-actual comparisons and variance element decomposition.
- Implement variance analysis reporting with drill-down from summary to transaction-level detail.
- Analyze cost variances to identify root causes and recommend corrective actions for cost control.
- Implement Cost Variances following best practices for process efficiency, compliance, and data accuracy.
- Diagnose Cost Variances issues by analyzing reports, audit trails, and configuration to determine root causes.
Period Close
- Describe cost management period close: cost processing, variance calculation, and GL transfer.
- Implement period-close costing procedures with cost worker processing and period-end adjustments.
- Configure cost-to-GL transfer with subledger accounting and financial journal creation.
- Evaluate close processes to recommend improvements for faster and more accurate period-end costing.
- Analyze Period Close configurations to identify process inefficiencies, gaps, and optimization opportunities.
- Identify the key components and features of Period Close and describe their primary functions within Oracle Fusion Cloud Cost Management Associate.
4
Accounting and Reporting
2 topics
Cost Accounting
- Describe cost accounting integration: subledger accounting rules and GL account derivation.
- Configure cost accounting rules with account derivation, description rules, and posting profiles.
- Implement cost reconciliation procedures between cost subledger, inventory, and General Ledger.
- Analyze cost accounting to identify posting errors and recommend account derivation improvements.
- Name the prerequisites, dependencies, and supporting modules required for implementing Cost Accounting.
- Configure Cost Accounting with appropriate settings and parameters for a production implementation in Oracle Fusion Cloud Cost Management Associate.
Cost Reporting
- Identify cost reports: item cost detail, variance analysis, cost history, and cost comparison.
- Implement OTBI cost reporting with subject areas for cost analysis, trending, and variance investigation.
- Configure cost analytics dashboards with KPIs for cost trends, variance tracking, and margin analysis.
- Evaluate cost reporting to recommend analysis approaches for cost optimization and profitability improvement.
- Explain how to troubleshoot common issues with Cost Reporting including error messages and resolution procedures.
- Evaluate Cost Reporting alternatives and tradeoffs to recommend the optimal configuration for given constraints.
5
Advanced Features
2 topics
Transfer Pricing
- Describe transfer pricing: intercompany transfer costs, profit elimination, and markup configuration.
- Configure transfer pricing rules with cost-plus, market-based, and negotiated pricing methods.
- Implement intercompany costing with profit-in-inventory tracking and elimination entries.
- Analyze transfer pricing configurations to ensure arm's-length pricing and regulatory compliance.
- Compare Transfer Pricing implementation patterns to determine the best approach for business requirements.
- List the configuration options and parameters available for Transfer Pricing and describe when each is appropriate.
Landed Cost
- Identify landed cost components: freight, duties, insurance, and other charges for total cost of goods.
- Configure landed cost management with charge definitions, allocation methods, and estimation rules.
- Implement landed cost adjustments with actual versus estimated reconciliation and variance processing.
- Evaluate landed cost approaches to recommend configurations capturing total cost of acquisition accurately.
- Describe the architecture and workflow of Landed Cost including integration points with related processes.
- Implement Landed Cost following best practices for process efficiency, compliance, and data accuracy.
Scope
Included Topics
- All domains in the Oracle Fusion Cloud Cost Management exam guide.
- Core topics: Cost Methods, Cost Elements, Cost Rollup, Variances, Accounting, Period Close, Reporting.
- Oracle Fusion Cloud services, configuration, and best practices.
- Scenario-based problem solving at the Associate level.
Not Covered
- Topics outside the official exam guide scope.
- On-premises legacy application configuration.
- Specific pricing values that change over time.
- Custom development beyond standard configuration.
Official Exam Page
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