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Test Name : Oracle Cost Management Cloud 2018 Implementation Essentials
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Managerial Accounting Overview
Explain Cost Accounting and how it integrates with other modules
Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost
Explain key implementation decision points
Cost Accounting Overview
Describe the Cost Accounting Work Area
Explain Cost Accounting
Configure Costing methods (Standard, Perpetual, and Actual)
Configure Cost Accounting Using Quick Setup and/or Manual Setup
Create Cost Accounting Key setups (Cost Org, Cost Book, Relationships, Elements, Components, Component Mappings, Valuation Structures, Cost Profiles, and Default Cost Profiles)
Explain the Role of Costing Key setups and Cost policies
Perform Cost Accounting processes
Describe Cost Accounting reporting
Manage Daily Cost Accounting tasks
Landed Cost Overview
Describe the Landed Cost Work Area
Explain Landed Cost
Configure Landed Cost Management
Manage Charge Names
Manage Landed Cost Reference types
Manage Routes
Costing and Inventory Foundations
Explain Common Inventory Configurations
Describe Managerial Accounting Basics
Explain Cost Accounting
Receipt Accounting Overview
Describe the Receipt Accounting Work Area
Explain Receipt Accounting
Configure Accrue at period end
Configure Accrue on receipt
Perform Receipt Accounting processes
Describe Receipt Accounting reporting
Manage daily Receipt Accounting tasks
Standard Costs
Manage Cost scenarios
Create Standard Costs, Resource Rates, and Overhead Rates
Manage rolled up Costs
Analyze and resolve Standard Cost variances
Subledger Accounting
Explain the Receipt Accounting Subledger
Explain the Cost Accounting Subledger
Create Account Rules
Create Journal Line Rules
Create a Subledger Journal Entry Rule set
Create an Accounting Method
Explain the relationships of Subledger Components
Analyze and resolve errors and exceptions



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In conversation With - Oracle's Callan Mantell | 1Z0-1024 test Cram and PDF Download

We recently took the probability to speak with Callan Mantell, Oracle's area vice president, development and Engineering about Oracle's work with the building trade.

iTWire: Let's beginning by using assuming most of their readers are not certainly general with the building trade (apart from working in an workplace that the industry has created - pandemic although). are you able to outline Oracle's interest during this area?

Mantell: part of Oracle's cost-proposition is deep industry advantage and solutions constructed to handle the pleasing needs of complex vertical segments. To serve these industries, Oracle has a number of different world enterprise units - Oracle building and Engineering is one of these.

iTWire: Sao, how did you get into this certain vertical?

Mantell: Oracle development and Engineering all started over a decade in the past with the acquisition of Primavera, an trade leader for task administration for 35 years. because then, they have now developed upon that basis via biological development and key acquisitions - together with Skire which later became Unifier, Textura and, most currently, Aconex (based in Melbourne, Australia). All were strategically chosen, now not just for their products, however to assemble trusted industry technology leaders with years of advantage and knowledge.

In an trade it's under-digitised, they now have an opportunity to in reality make a difference in the business. they are already are some of the major global players in the development expertise area, and they purpose to continue to grow their market share and potential to consistently trap extra of the international spend in the business.

 iTWire: As they see it, computing within the development trade is likely to tackle a small variety of domains of interest. assignment scheduling (including previous, latest and future work), worker qualification and certificates management, union involvement, equipment and materials ordering pipeline, web site attendance (including hours, strikes, medical pursuits, and so forth.) all spring to mind. How does the Oracle answer tackle these?

Mantell: well-nigh all facets of the development industry are ripe for digitization, with many already in progress. in the future, this can also extend - as it does already in some circumstances - to automated building projects carried out by robots / people with exoskeletons, self sufficient cars and so on.

today, there are only a few processes on tasks in mature development technology markets like Australia and New Zealand that don't seem to be addressed by using know-how. Oracle's options are used across the whole plan, build, and function lifecycle; from managing ideation and portfolio administration to scheduling and coordination of consultants and designers. additional, Oracle' technology supports the management, coordination and collaboration of assignment information, together with files, correspondence and models; can charge and risk management; onsite and remote projects; security; and fee administration.

when it comes to certain options, Oracle building and Engineering offers a secure and scalable basis in accordance with a standard information atmosphere with the most comprehensive set of end-to-conclusion options for asset homeowners and beginning groups, including:

Oracle Primavera Cloud which is the simplest planning provider that brings collectively portfolio planning and undertaking groups in addition to delivery teams. It gives the capacity for planning, resourcing, risk mitigation, built-in scheduling and project administration, and software administration.

next, they have Primavera P6 commercial enterprise venture Portfolio management, which is a suite of Cloud-primarily based equipment for world task planning. it's an easy-to-use answer for prioritising, planning, managing, and executing tasks, courses, and portfolios.

Then we've Primavera Unifier, which provides flexibility for venture and asset lifecycle management. It presents wide configurability along with prebuild procedure for a rapid start to automate any business technique with customized kinds and workflows.

Oracle Aconex allows for undertaking visibility, manage, reduced chance, and connected teams. It drives effectivity in design and construction coordination, task controls, cost administration, doc administration and field administration.

finally, there is Oracle Textura payment administration, which is a cloud provider designed to deliver each factor of the price management technique collectively in a comfy platform. users improvement from enhanced pay applications, price scheduling, compliance administration, and disbursement. These, in turn, result in extra control, effectivity, and reduced possibility for all mission stakeholders.

iTWire: …and most likely, there may be a degree of optimisation drawing all this collectively.

Mantell: yes. part of their method is the usage of information science for insights into how issues are currently performing, with the purpose of being capable of establish competencies hazards earlier than they turn up. This foresight allows for groups to leverage rich information to increase their procedures - enabling more suitable efficiency, transparency and determination-making means. This, eventually, ends up in continual development and enhanced effects.

iTWire: Demand for this must come from quite a lot of instructions.

Mantell: there's expanding demand for technology solutions from these working within the business, both pro operators and new entrants, who are using exchange at a swift pace.

for instance, Oracle Aconex, turned into (and continues to be) on the international forefront of the digitisation of the industry from its inception in 2000. Aconex essentially changed the development business in Australia, overcoming challenges however effectively breaking the fame quo strategy to development-which, turned into formerly mostly a paper-based mostly procedure.

On appropriate of this, when it comes to sustainability and the environment, building agencies have the option to adopt data analysis to aid them build extra sustainably. there is so a whole lot assistance available to no longer best enhance construction methods however also to purchase a much better figuring out of what people really need from constructions and cities.

as the world gets smarter via an increased use of digital equipment, they will reap even more information from these environments and, if we're analysing and making use of these insights to future builds, they will naturally become more sustainable in their approach. That ability no longer simplest being greener nowadays however also laying the groundwork for a greener trade in the future.

iTWire: …and detractors?

Mantell: at the same time as there'll all the time be expert activity groups opposing change and transformation throughout most industries, it be crucial they play their half in teaching their potentialities, purchasers, and business peers on the importance of digitalisation and embracing the lifestyle of the trade to continue to enrich the way the trade operates.

iTWire: There are marvelous alternatives for digitisation in building that are only now seeing the easy of day, as an example self-rotating crane loads. where do you see the next big development?

Mantell: building digitisation goes through a leap forward with resourceful solutions in both application as hardware (including using sensors on machinery, materials, etc.). The existing and subsequent developments are actually steadily viewed in assignment jobsite start solutions from remote truth catch and AI-enabled safety monitoring, to cloth tracking and delivery, facts science, and predictive analytics.

Self-rotating crane masses, as you suggest, are one example. however the real alternate is occurring with the aid of advantage of how the business is altering the way it really works with a view to live aggressive and profitable. This challenge will normally see construction evolve to develop into extra like manufacturing, treating every mission less like a one off and greater as anything it's time and again manufactured and assembled, anywhere feasible.

There are a number of options accessible which aid to handle the present entertaining industry challenges, guaranteeing construction tasks are progressing with as little disruption as feasible. for instance, far off visible monitoring of building websites, physical distancing onsite and bringing americans, assistance and techniques closer together by using making certain task schedules are invariably and accurately up to date.

iTWire: The construction business is 'noted' for resisting trade. What are your strategies for bringing your improvements to the worksite?

Mantell: whereas the construction business is indeed noted for resisting change, Oracle prides itself on its capacity to work intently with customers so that innovation is viable, in place of put within the 'too challenging' basket. as an example, as a result of trade's undertaking-based mostly nature, each and every venture is a chance to adopt and adapt to exchange, taking that building innovation to the subsequent challenge and so forth. This approach helps to power the industry to at all times evolve.

in terms of bringing construction innovations to the worksite, they now have all the time also efficiently recognized and fostered early adopters-individuals or companies who naturally wish to be alternate brokers and who aren't petrified of doing things for the primary time. To assist power this industry-extensive, they launched their Oracle Industries Innovation Lab in 2018. It has helped construction enterprises discover and test options from Oracle and the larger development ecosystem in a simulated worksite environment.

The Lab has already welcomed hundreds of visitors, including ultimate-in-class technology partners, valued clientele and industry idea leaders. There, they have got labored together in a simulated worksite atmosphere to test how options equivalent to related contraptions, independent cars, drones, augmented truth, visualisation, and AI tools can positively impact the construction business.

iTWire: They hinted at this previous, but absolutely, the trade would advantage from a perception in "all suggestions, all over" - does Oracle help this?

Mantell: people will regularly have a preferred expertise solution they are looking to use, but when enterprises need to work together, how do they select what answer to go with? As engineering and development tasks proceed to develop in scope and complexity, so does the want for more desirable collaboration among the undertaking members and key stakeholder corporations.

Our services aid collaboration, neutrality, accountability and governance. a good and impartial platform can help every person on the assignment, enabling every business enterprise to control and comfy their personal statistics and workspace. This increases have confidence, which in turn increases adoption. Their platform also creates a single source of reality through an unalterable audit path leading to transparency across a mission.

We also have a task-based mostly mannequin in their features to help different user agencies inside the organisation from executives, to core vigour users, to mobility across the container employees. all of the above ensures seamless and official reporting of records making the facts well timed and obtainable for decision making in any respect stages.

iTWire: With that in mind, what on-website analysis are you doing? have you really spoken with the Alimak operator? The 'cease-go' dude at streetlevel? The building electrician? The concreter? (to name a very few roles).

Mantell: sure, user event and analysis is completely crucial given their options are put into the hands of tons of and even hundreds of individuals in different roles and enterprises on any given mission.

we now have a large person adventure and research team who pressure an immense quantity of ongoing trade-extensive research, to ensure we're catering for the wants, needs, and challenges faced on initiatives daily. additionally, their presale and proof-of-thought stage contains all focused person ranges of their proposed solution to make certain they are pleasurable their necessities beneath the employer's strategic ambitions. This helps us and their associate network have a clear answer design when they undertake the client's implementations.

finally, we've their remodeling the industry Influencer application (TIIP). TIIP is an business collaboration application which utilises a number of engagement formats to establish premiere practices and necessities across the end-to-end management of engineering and construction initiatives. With this information they are able to suggest solutions designed transparently with the business, in addition to working with the industry to set the measures for you to make certain we're on target with the advancements they unlock to market.

iTWire: Coming lower back to your vital theme, the place do you agree with development's biggest inefficiencies lie?

Mantell: For me, the industry's inefficiencies lie in the way they work, peculiarly that each assignment is its own entity, and collaboration is a challenge. always, mission groups come together and disband in keeping with the mission lifecycle, that means transferring studying from one to the subsequent is challenging. This ends up in notably sluggish, iterative trade.

whereas the business is open to quicker exchange, each and every undertaking must be bid for and gained, so the companies offering them need to manipulate their exposure to carrying overhead and massive teams without certainty. This, most likely, results in people working extensively across the industry and not necessarily with the same business or group for longer than a number of years at a time. alas, this sees knowledge lost, along with the urge for food for primary trade.

2d to this, budgeting is an additional area which wants consideration, certainly given the frequently-intricate disputes which could require arbitration. and finally, the magnitude of getting a rigorous chance management technique in area to mitigate undertaking agenda and value overruns.

past this, other center of attention areas encompass:

Collaboration: bringing task stakeholders together to talk on challenge deliverables, planning, scheduling, great, payments administration in addition to fitness and security in addition to mannequin management.

statistics science: similar to AI and desktop studying to manage the wealth of records and insights initiatives can deliver.

greater job-costing administration: for managing project financials linked to returned workplace automation, for instance, ERP.

chance management: With ever expanding uncertainties and a abruptly altering market, having a mission associated possibility administration solution throughout the task lifecycle is a necessity.

iTWire: eventually, what's your future? should still your software be a hit, what can be distinct from the way things are today?

Mantell: with regards to their application, it's already a hit, with their shoppers as proof facets over the many years they have now been riding digitalisation in construction. As for the future, there isn't any doubt trade and digital transformation is inevitable inside their trade. development technology is fitting increasingly weighed and embraced by using main builders and assignment house owners.

iTWire: …and the ML / AI you outlined past?

Mantell: They see a wide utility of AI and computer researching principally in areas related to remote web page monitoring and detecting first-rate considerations. for instance, while building information modelling (BIM) has been round for years, it has been ordinarily used for design authoring purposes. today, they are seeing a shift in adopting BIM for mission controls as a source of actuality and transition from handing over to asset operations. further to this, cloud is growing to be in popularity as a standard platform for all new ingenious applied sciences for building and will continue to benefit broader adoption across the business.

iTWire. they wish you each success. Thanks for an interesting discussion.

Mantell: thank you.


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