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

About this course

Managerial Accounting OverviewExplain cost accounting and its integration with other modulesDescribe the purpose of cost accounting, receipt accounting, and landed costExplain key implementation decision pointsConfiguring Receipt AccountingDescribe the Receipt Accounting Work AreaExplain Receipt AccountingConfigure Accrue at period endSet up and manage the Receipt Accounting processesManage daily Receipt Accounting tasksConfiguring Cost AccountingDescribe the Cost Accounting Work AreaExplain Cost AccountingConfigure costing methods like Standard, Perpetual, Actual, and Periodic Average CostConfigure Cost Accounting Key setupsExplain the role of Costing Key setups and Cost policiesSet up and manage Cost Accounting processes and ReportingManage Daily Cost Accounting tasksManaging Standard CostsManage the various cost scenariosCreate standard costs, resource rates, and overhead ratesManage rolled up CostsAnalyze and resolve Standard Cost variancesConfiguring and Managing Landed CostDescribe the Landed Cost Work AreaExplain Landed CostManage landed costManage charge names, reference types and routesDefining Subledger AccountingExplain receipt and cost accounting subledgerCreate Account RulesCreate Journal Line RulesCreate subledger journal entry rule setCreate an accounting methodExplain the relationships of subledger componentsAnalyze and resolve errors and excepti

Course objectives

• To explain key implementation decision points in cost accounting
• To set up and manage cost accounting processes
• To explore relationships between subledger components and accounting methods