PDF Version DemoSecond-attempt candidates are the most honest judges of study material, and they keep choosing ActualPDF. The Oracle Cost Management Cloud 2018 Implementation Essentials package offers 80 verified 1Z1-1024 practice questions for people who want the next attempt to be the last.
Oracle 1Z1-1024 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2018 Implementation Essentials |
| Exam Number: | 1Z0-1024 |
| Exam Format: | Multiple Response, Multiple Choice |
| Certificate Validity Period: | 18 months from date earned |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Related Certifications: | Oracle Supply Chain Management Cloud Oracle Financials Cloud |
| Passing Score: | 59% |
| Exam Price: | $245 USD |
| Real Exam Qty: | 70 |
| Recommended Training: | Oracle Cost Management Cloud Implementation Training |
| Exam Registration: | Oracle Education Registration Pearson VUE |
| Sample Questions: |  |
| Exam Way: | Online proctored or Onsite at Pearson VUE authorized centers |
| Pre Condition: | No mandatory prerequisites; recommended implementation experience with Oracle SCM Cloud and Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024 |
Oracle 1Z1-1024 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Subledger Accounting | 10% | - Create account rules, journal line rules, accounting methods - Troubleshoot accounting errors and exceptions - Subledger components and relationships |
| Topic 2: Receipt Accounting | 20% | - Receipt Accounting Work Area - Execute receipt accounting transactions - Receipt accounting reporting and reconciliation - Configure accrual: Accrue on receipt, Accrue at period end |
| Topic 3: Landed Cost Management | 15% | - Configure charge names, routes, and reference types - Landed cost reporting - Landed Cost Work Area - Manage daily landed cost operations |
| Topic 4: Cost Accounting | 25% | - Set up cost organizations, cost books, and profiles - Cost Accounting Work Area - Perform daily cost accounting processes - Configure costing methods: Standard, Perpetual, Actual - Cost accounting reporting |
| Topic 5: Standard Costing | 15% | - Create and manage standard costs, resource rates, overhead rates - Analyze and resolve standard cost variances - Cost rollup and scenarios |
| Topic 6: Overview and Key Concepts | 15% | - Implementation decision points - Integration with other Oracle Cloud modules - Purpose of Cost Accounting, Receipt Accounting, and Landed Cost |
Questions and Answers About Oracle Cost Management Cloud 2018 Implementation Essentials
Oracle Cost Management Cloud 2018 Implementation Essentials is an official Oracle exam, listed under exam code 1Z1-1024. A passing result earns you the Oracle Cost Management Cloud 2018 Certified Implementation Specialist certification at the Specialist level. It also ties into Oracle Financials Cloud, Oracle Supply Chain Management Cloud, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 70 questions inside 120 minutes on the Oracle Cost Management Cloud 2018 Implementation Essentials exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Cost Management Cloud 2018 Implementation Essentials requires 59%, and the official registration fee is $245 USD. Retakes charge the full $245 USD again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
No mandatory prerequisites; recommended implementation experience with Oracle SCM Cloud and Financials Cloud
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for Oracle Cost Management Cloud 2018 Implementation Essentials goes through the official channels listed here.
When you schedule, note that the exam is delivered Online proctored or Onsite at Pearson VUE authorized centers.
Oracle recommends the following training for Oracle Cost Management Cloud 2018 Implementation Essentials candidates.
Follow any course with the 80 practice questions in the ActualPDF 1Z1-1024 package; the software engine will even remind you which mistakes need another round.
Yes. ActualPDF provides a free download demo of the Oracle Cost Management Cloud 2018 Implementation Essentials material, so you can check the content before choosing a version. After purchase, a one-year warranty covers you: the latest version is sent to you as it releases, free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Cost Management Cloud 2018 Implementation Essentials exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
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The Oracle Cost Management Cloud 2018 Implementation Essentials syllabus spans 6 domains, led by Subledger Accounting (10%), Cost Accounting (25%), and Landed Cost Management (15%). The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
Question 1
Your client has accounting rules that need specific customization. Which two options allow them to accomplish this"1
A. The subledger journal entry rule set does not need the same accounting event type as the accounting method.
B. Use a different journal entry rule set for each ledger with a different accounting convention.
C. Copy and rename predefined subledger journal entry rule sets before modifying them.
D. The subledger journal entry rule set does not need the same accounting event class as the accounting method.
E. Journal entry rule sets do not require accounting rules.
Question 2
Identify four features provided by the Review Work Order Costs UI when displaying work order
A. Output Costs
B. Variable Costs
C. Incremental Costs
D. Standard Cost variances
E. Input Costs
F. Scrap Costs
Question 3
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
A. It is only used when you do not need to maintain an arm's length relationship.
B. It can help you understand true margins and value added by internal business units through the internal supply chain.
C. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
E. It can help you with consolidated financial reporting.
Question 4
Which four predefined costing reports can you use to gather information to review inventory value?
A. In-transit Valuation Report
B. Costing Account Balances Report
C. Inventory Valuation Report
D. COGS and Revenue Matching Report
E. Layer Inventory Valuation Report
F. Work in Process Inventory Valuation Report
G. Cost Accounting Valuation Report
Question 5
Identify two characteristics of a cost profile.
A. It is where you define which cost method you want to use for the cost component to cost element mapping.
B. It is used for Receipt Accounting.
C. It is used for calculating the estimated cost of manufactured items under different scenarios.
D. It is where you define your Cost Accounting policies.
Solutions:
| Question 1 Answer: A | Question 2 Answer: A,B,D,E | Question 3 Answer: C,D,E | Question 4 Answer: A,B,E,F | Question 5 Answer: B,D |
