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Oracle 1Z1-1024 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2018 Implementation Essentials |
| Exam Number: | 1Z0-1024 |
| 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 |
| Real Exam Qty: | 70 |
| Exam Price: | $245 USD |
| Passing Score: | 59% |
| Exam Format: | Multiple Choice, Multiple Response |
| Recommended Training: | Oracle Cost Management Cloud Implementation Training |
| Exam Registration: | Pearson VUE Oracle Education Registration |
| 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% | - Troubleshoot accounting errors and exceptions - Create account rules, journal line rules, accounting methods - Subledger components and relationships |
| Topic 2: Overview and Key Concepts | 15% | - Integration with other Oracle Cloud modules - Purpose of Cost Accounting, Receipt Accounting, and Landed Cost - Implementation decision points |
| Topic 3: Standard Costing | 15% | - Analyze and resolve standard cost variances - Cost rollup and scenarios - Create and manage standard costs, resource rates, overhead rates |
| Topic 4: Landed Cost Management | 15% | - Landed cost reporting - Configure charge names, routes, and reference types - Landed Cost Work Area - Manage daily landed cost operations |
| Topic 5: Cost Accounting | 25% | - Cost Accounting Work Area - Configure costing methods: Standard, Perpetual, Actual - Perform daily cost accounting processes - Cost accounting reporting - Set up cost organizations, cost books, and profiles |
| Topic 6: 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 |
1Z1-1024 Exam Details and Your Advantages
Oracle recommends the following official training options:
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According to the latest exam information, the 1Z1-1024 exam contains 70 questions within 120 minutes minutes. The testing engine reproduces that scope and calculates your final practice score — a useful reference for judging real-exam readiness.
At present, the 1Z1-1024 exam requires a passing score of 59%, with a registration fee of $245 USD. Oracle sets both figures and may revise them, so confirm on the official site before you schedule.
The Oracle Cost Management Cloud 2018 Implementation Essentials blueprint covers these core domains:
- Receipt Accounting (20%)
- Overview and Key Concepts (15%)
- Landed Cost Management (15%)
Further domains complete the official outline; the question bank addresses all of them.
With data, not guesswork. The 1Z1-1024 testing engine is user-friendly and easy to install; upon completion of each practice test, it calculates your final score, giving you a concrete reference for the real exam. Behind the tools, professionals and IT specialists compose the materials, and every answer is expert-verified — aligned with the real exam's format across the Oracle Cost Management Cloud 2018 Implementation Essentials objectives. Before buying, try the free demo questions to test your knowledge; after buying, 24/7 Customer Service and Live Support assist with any problem, and you can ask the team for a discount code. That is the remarkable experience we work to provide.
Oracle states the following prerequisites for the Oracle Cost Management Cloud 2018 Implementation Essentials: No mandatory prerequisites; recommended implementation experience with Oracle SCM Cloud and Financials Cloud.
Check the authoritative wording on the official certification page before booking.
Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
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. Transfer transactions from the Payables to the Costing process.
- D. Prepare the Material Purchase Order Data process.
- E. Allocate charges
Correct Answer: C,D 🗳️
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- B. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- C. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- D. They must create their valuation units manually.
Correct Answer: A 🗳️
You are trying to import the purchase order information into Receipt Accounting in the Schedule Process work area. Why can't you see this process?
- A. All purchase order information is included in the Transfer Transactions from Receiving to Costing process. There is no separate process.
- B. This process can only be scheduled and run from the Receipt Accounting work area
- C. You do not have the role to import purchase order information into Receipt Accounting.
- D. Purchase order information is automatically sent to Receipt Accounting using a real-time method
- E. Purchase order information should not be imported into Receipt Accounting.
Correct Answer: D 🗳️
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
- A. Depending on the selection criteria, it will use the work definition with the December l, 2015 effective date or the work definition with the October l, 2015 effective date.
- B. You will receive an error because the application will detect that all three are plausible, and it will be unable to determine which one to choose.
- C. It must always use the work definition with the October 1, 2015 effective date.
- D. It will use the work definition with the January 2, 2016 effective date.
Correct Answer: B 🗳️
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory. Lot, Serial, Grade
- B. Grade, Subinventory, Locator, Serial
- C. Subinventory, Make, Lot, Serial
- D. Grade, Serial, Group, Lot
- E. Subinventory, Lot, Serial, Locator
Correct Answer: A 🗳️
