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Oracle 1z1-987 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2017 Implementation Essentials |
| Exam Number: | 1Z0-987 |
| Exam Duration: | 105 minutes |
| Real Exam Qty: | 70 |
| Available Languages: | Japanese, English |
| Exam Price: | $245 USD |
| Passing Score: | 64% |
| Related Certifications: | Oracle Supply Chain Management Cloud Oracle Financials Cloud |
| Certificate Validity Period: | Until Oracle retires this exam version |
| Exam Format: | Multiple Select, Multiple Choice |
| Recommended Training: | Oracle Learning Library Oracle Cost Management Cloud 2017 Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Certification Page |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or Onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended experience in Oracle Cloud Financials or Supply Chain applications |
| Official Syllabus URL: | https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-987 |
Oracle 1z1-987 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Cost Analysis and Reporting | 15% | - Generating cost accounting reports - Using Cost Management dashboards - Analyzing inventory valuation and margins |
| Receipt Accounting and Landed Cost | 15% | - Landed Cost configuration and processing - Purpose and functionality of Receipt Accounting - Accounting for purchase receipts and adjustments |
| Setting Up Cost Accounting | 20% | - Configuring Cost Elements and Cost Components - Creating and managing Cost Organizations - Setting up item cost controls - Defining Cost Books and Cost Profiles |
| Cost Accounting Overview | 15% | - Managerial Accounting concepts - Integration with other Oracle Cloud modules - Key implementation decision points |
| Cost Processing and Calculations | 20% | - Cost adjustments and corrections - Processing cost accounting transactions - Performing cost rollups and updates - Period close and reconciliation processes |
| Security, Integration and Maintenance | 15% | - Troubleshooting common cost issues - Defining security access for cost accounting - Integrating with external systems |
1z1-987 (Oracle) Exam FAQ: Trusted Answers
Oracle Cost Management Cloud 2017 Implementation Essentials is an official Oracle certification exam, registered under the code 1z1-987. Passing it awards the Oracle Cost Management Cloud 2017 Certified Implementation Specialist certification, a credential at the Specialist level. It also connects to Oracle Financials Cloud, Oracle Supply Chain Management Cloud. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The Oracle Cost Management Cloud 2017 Implementation Essentials exam presents 70 questions within 105 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Passing Oracle Cost Management Cloud 2017 Implementation Essentials takes 64%, and official registration costs $245 USD. Retakes bill the full $245 USD again, so preparation is the least expensive insurance available. Let your ActualPDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.
No mandatory prerequisites; recommended experience in Oracle Cloud Financials or Supply Chain applications
Policies get revised, so confirm the current requirements before you register on the official exam page.
Oracle Cost Management Cloud 2017 Implementation Essentials registration is handled through the official channels below.
For scheduling purposes: the exam is delivered Online proctored or Onsite at Pearson VUE test centers.
Yes, Oracle recommends the following training for Oracle Cost Management Cloud 2017 Implementation Essentials candidates.
Complement any training with the 70 practice questions in the ActualPDF 1z1-987 package, because repeated application is what turns course knowledge into a passing score.
Yes. ActualPDF offers a free demo of the Oracle Cost Management Cloud 2017 Implementation Essentials questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined conditions. Take the Oracle Cost Management Cloud 2017 Implementation Essentials exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
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Oracle Cost Management Cloud 2017 Implementation Essentials is organized into 6 official domains. The most heavily weighted are Setting Up Cost Accounting (20%), Receipt Accounting and Landed Cost (15%), and Security, Integration and Maintenance (15%). The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
Oracle Cost Management Cloud 2017 Implementation Essentials Sample Questions:
You are establishing the cost for a make assembly. When we run Cost Rollup, it is not rolling up and the Assembly shows "0" cost. However, item costs are available for child (buy) components. In the review work order cost, we are able to see child components costs, but not the rollup cost of the assembly.
Identify two reasons this happened.
- A. The item has no on-hand inventory.
- B. The assembly item is marked as Perpetual Average costed.
- C. Burdens have not been established for the item
- D. Outstanding purchase orders have not been received.
- E. The Work Definition is incomplete.
Correct Answer: D,E 🗳️
After "Cost Accounting Processor" has processed the physical inventory classification of transactions which transaction types will it process next?
- A. Retro-reprice
- B. Overhead
- C. In-transit
- D. Cost of Goods Sold
- E. Adjustments
Correct Answer: B 🗳️
Which two steps need to be completed to estimate landed costs?
- A. Update standard costs.
- B. Transfer transactions from the Inventory to the Costing process.
- C. Prepare the Material Purchase Order Data process.
- D. Allocate charges
- E. Transfer transactions from the Payables to the Costing process.
Correct Answer: C,E 🗳️
Identify four characteristics of a cost element.
- A. It is user-defined.
- B. It uses date effectivity.
- C. The mapping of cost components into cost elements is user-defined.
- D. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- E. It is the granularity at which costs are tracked and accounted.
- F. Users can define any number of cost elements.
Correct Answer: A,B,C,D 🗳️
Identify two criteria to select a specific work definition in an inventory organization when defining a cost estimation in a Cost Planning scenario
- A. Work definitions with the highest production priority
- B. Work definitions with the lowest production cost
- C. Work definitions with specific unit numbers
- D. Work definitions with the highest costing priority
- E. Work definitions without alternates
Correct Answer: B,C 🗳️
