Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional 1Z0-1082-23 Practice Exam

The Oracle Profitability and Cost Management Cloud Service 2023 Implementation Professional (1Z0-1082-23) certification validates your skills and knowledge in implementing Oracle's cloud-based Enterprise Performance Management (EPM) solution, specifically focused on Profitability and Cost Management (PCM).  

Who Should Take This Exam?

This certification is ideal for IT professionals with experience in Oracle Cloud and a strong understanding of EPM and cost management concepts. It's particularly relevant for those seeking to advance their careers in Oracle Cloud EPM implementations, such as:

• Cloud EPM Consultants: Specializing in implementing and managing Oracle Cloud EPM solutions, including the PCM module.
• Financial Applications Consultants: Focusing on financial applications like PCM within the Oracle Cloud environment.
• ERP/EPM Cloud Architects: Designing and architecting cloud-based EPM solutions using Oracle Cloud technologies.
• Senior Cloud Engineers (EPM): Leading and overseeing the implementation and management of Oracle Cloud EPM applications.

Roles and Responsibilities 

• Cloud EPM Solution Architects: Designing and architecting Oracle Cloud EPM deployments, including the integration of PCM.
• PCM Application Developers: Developing custom functionalities and reports within the PCM application.
• PCM Business Analysts: Understanding business requirements and translating them into technical configurations within PCM.
• Financial Analysts: Utilizing PCM data for profitability and cost analysis, reporting, and decision-making.

Exam Details 

• Format: Multiple Choice
• Duration: 90 Minutes
• Exam Price: ₹20,319
• Number of Questions: 55
• Passing Score: 66%

Course Outline 

1. Profitability and Cost Management Overview

• Describe Profitability and Cost Management essential concepts
• Describe Profitability and Cost Management system architecture and requirements

2. Oracle EPM Cloud Foundation

• Set up and configure Cloud security
• Build EPM Cloud automation routines - Job Scheduler, EPMAutomate
• Back up applications and migrate artifacts

3. Data Management

• Describe use cases for Data Management
• Working with Data Management

4. Creating a PCM application

• Explain the dimensions and requirements
• Create an application with dimensions from flat files

5. Managing a PCM Custom Application Build

• Perform a Pre-Update Analysis and Update Dimensions
• Set up PCM security
• Manage the Point of View (POV)

6. Creating and Managing Allocations

• Explain rules and rule sets (including contexts, rule types, and calculation sequences and options)
• Create allocation rules
• Create custom calculation rules
• Mass edit rules and rule sets

7. Viewing and Validating Models

• Explain model views
• Perform rule balancing for application validation
• Perform an allocation trace
• Perform model and rule data validation

8. Working with PCM Analytics

• Describe types of queries run from the Intelligence Panel
• Create analysis views
• Create dashboards
• Create profit curves

9. Using Financial Reporting

• Design reports using Financial Reporting Web Studio

10. Using Smart View

• Describe Smart View and EPM Cloud extensions

11. Migrating to Enterprise Profitability and Cost Management

• Describe migration to Enterprise Profitability and Cost Management
• Working with the migration template
• Running migrations
• Post-migration tasks