Course Description

Prepare to pass exam: Oracle Profitability and Cost Management 2024 Implementation Professional

An Oracle Profitability and Cost Management 2024 Certified Implementation Professional has demonstrated the knowledge and skills of implementing Oracle Profitability and Cost Management Cloud solutions. This individual understands Profitability and Cost Management system architecture and requirements, can set up and configure Cloud security, build EPM Cloud automation routines, perform lifecycle management for different scenarios, create a PCM application, create and manage Allocations, and design reports using Financial Reporting Studio. NOTE: This exam covers only the Profitability and Cost Management application type and does not cover the Enterprise Profitability and Cost Management application type.

If you have a valid Oracle Profitability and Cost Management Implementation Professional Certification, and your credential has not expired, you can maintain your certification by taking the corresponding shorter Delta exam.

To prepare for the Oracle Profitability and Cost Management 2024 Implementation Professional exam, focus on mastering essential concepts such as cost allocation, profitability analysis, and management reporting within Oracle Cloud. Gain hands-on experience with configuring cost management applications, setting up cost drivers, and utilizing analytics for informed decision-making. Use official documentation, training courses, and practice exams to reinforce your understanding and ensure you’re well-prepared. Additionally, familiarize yourself with best practices and real-world scenarios to enhance your problem-solving skills in profitability and cost management.

Exam topics covered

Profitability and Cost Management Overview

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

Oracle EPM Cloud Foundation

• Set up and configure Cloud security
  
• Build EPM Cloud automation routines
• Back up applications and migrate artifacts

Data Management

• Identify use cases for Data Management
  
• Work with Data Management

Creating a PCM application

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

Managing a PCM Custom Application Build

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

Creating and Managing Allocations

• Explain rules and rule sets
  
• Create allocation rules
• Create custom calculation rules
• Bulk edit rules and rule sets

Viewing and Validating Models

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

Working with PCM Analytics

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

Using Financial Reporting

• Design reports using Financial Reporting Web Studio
  

Using Smart View

• Identify actions performed in Smart View
  

Migrating to Enterprise Profitability and Cost Management

• Describe migration to Enterprise Profitability and Cost Management
  
• Work with the migration template
• Perform migrations
• Complete post-migration tasks