An Oracle 1Z0-1082-20 Profitability and Cost Management 2020 Certified Implementation Exam validates your knowledge and skills of implementing Enterprise Performance Management and Oracle Profitability and Cost Management Cloud solutions. This exam opens new realms in your career and accelerates your professional growth.
Learning Objectives of 1Z0-1082-20
The Oracle 1Z0-1082-20 exam focuses on understanding the architecture and requirements of the Profitability and Cost Management system. Further it focuses on the following learning objectives-
- Firstly, set up and configure Cloud security
- Secondly, build EPM Cloud automation routines
- Then, perform lifecycle management for different scenarios
- Also, create a PCM application
- Moreover, create and manage Allocations
- Lastly, design reports using Financial Reporting Studio.
The Oracle 1Z0-1082-20 exam is definitely your step ahead to become an Oracle Profitability and Cost Management 2020 Certified Implementation Specialist. It provides you with the competitive edge to stand out of the crowd and enhances your employability.
1Z0-1082-20 | Oracle Profitability and Cost Management 2020 Study Guide
Preparing for the Oracle 1Z0-1082-20 exam helps you gain knowledge and skills to qualify as an Oracle Certified Specialist. A Study Guide will surely help you crack the exam with flying colours. Let’s discuss step by step
Step 1- Analyse the Objectives and refer the official guide
The most important step is to refer the Official Guide. It consists of all the domains and topics of the examination. So, make sure to familiarise with the exam objectives and policies. The Course Outline for Oracle 1Z0-1082-20 certification consists of the following domains-
Profitability and Cost Management Overview
This domain focuses on describing allocation-based business processes, building allocation application and the essential concepts of Profitability and Cost Management.
Data Management
The Data Management domain focuses on performing administration tasks, setting up definitions for import format, locations, period mappings, category mappings, performing loading data tasks, batch processing, and describing logic accounts with use cases.
Managing a PCM Custom Application Build
The Managing a PCM Custom Application Build domain further focuses on performing Pre-Update Analysis and Update Dimensions, Metadata Validation, loading data into Essbase and Setting up PCM security
Viewing and Validating Models
Explaining the model views, performing rule balancing, allocation trace and describing logic and system issues is all covered under this domain.
Using Financial Reporting
Using financial reporting covers designing reports using Financial Reporting Web Studio.
Oracle EPM Cloud Foundation
This domain focuses on setting up and configure Cloud security, building EPM Cloud automation routines and performing lifecycle management for different scenarios.
Creating a PCM application
The domain Creating PCM application includes concepts related to explaining dimensions and requirements and creating an application with dimensions from flat files.
Creating and Managing Allocations
The domain covers various subtopics to expand your knowledge regarding the oracle profitability and cost management system. It mainly focuses on explaining the rule set and rule sequence in how they affect order and results, defining source and target for allocation rule, defining driver basis for allocation rule, formula for custom calculation rule and explaining sequential, parallel, iterative execution rule set calculation options.
Working with PCM Analytics
Next, the domain aims at describing types of queries run from the Intelligence Panel while creating analysis views dashboards and profit curves.
Using Smart View
Lastly, the Smart View domain covers EPM Cloud extensions with analyzing data and troubleshooting using ad hoc.
Step 2- Learning Subscription by Oracle
Oracle 1Z0-1082-20 training will help you to become more efficient and more informed so as to use Oracle products to cause measurable results. Oracle Profitability and Cost Management 2020 Implementation Essentials Subscription. Enable the candidate’s business reformation to the cloud with an Oracle Profitability and Cost Management 2020 Implementation Essentials Subscription.
This course will definitely equip with the full power of Oracle EPM Cloud investment with an Oracle EPM Cloud Learning Subscription. This digital learning solution is perfect for people who want detailed training on Oracle EPM Cloud and the business processes it offers. It’s suitable for implementers, administrators, and business users.
Furthermore, you will get 24/7 access to a comprehensive set of learning courses, high-quality training videos provided by the Oracle experts, and also hands-on labs for 12 months.
Step 3- Learn with your Best Friends- Books
Now that you’ve learned from training, it’s time to turn to traditional books. Books are a great way to gain knowledge without distractions. They give you a deep understanding of the topics in the exam. Here are some recommended books for you.
- Firstly, Getting Started with Integration for Oracle Enterprise Performance Management Cloud
- Secondly, Getting Started with Oracle Cloud
- Then, Getting Started with Oracle Enterprise Performance Management Cloud for Administrators
- Also, Getting Started with Oracle Enterprise Performance Management Cloud for Users
Step 4- Join a Community
Online forums and study groups can be really helpful when getting ready for the Oracle 1Z0-1082-20 exam. Being part of a study group or forum keeps you connected to what’s going on with the exam. It also keeps you updated on the latest developments and trends in the learning field. Plus, it’s a way to connect with experts in the subject and others who are preparing for the same exam. This can be useful when you have questions or need help. So, online forums are a great place to find solutions to your doubts.
Step 5- Go strong with Practice Tests
Now, it’s time to assess how well you’ve prepared. Practice tests are essential for self-evaluation. They evaluate how you’re doing and pinpoint areas where you need improvement. By focusing on your weak spots, you can enhance your understanding. These tests also simulate the real exam conditions, allowing you to practice your speed and accuracy. Taking multiple tests will increase your confidence. Strive to do better with each practice test and get ready to excel in the exam. Start Practising Now!
