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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
Available Languages:English
Related Certifications:Oracle Supply Chain Management Cloud
Oracle Financials Cloud
Passing Score:59%
Exam Price:$245 USD
Certificate Validity Period:18 months from date earned
Exam Format:Multiple Choice, Multiple Response
Real Exam Qty:70
Exam Duration:120 minutes
Recommended Training:Oracle Cost Management Cloud Implementation Training
Exam Registration:Pearson VUE
Oracle Education Registration
Sample Questions: DOWNLOAD DEMO
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:

SectionWeightObjectives
Topic 1: Landed Cost Management15%- Landed cost reporting
- Configure charge names, routes, and reference types
- Manage daily landed cost operations
- Landed Cost Work Area
Topic 2: Overview and Key Concepts15%- Purpose of Cost Accounting, Receipt Accounting, and Landed Cost
- Implementation decision points
- Integration with other Oracle Cloud modules
Topic 3: Subledger Accounting10%- Create account rules, journal line rules, accounting methods
- Troubleshoot accounting errors and exceptions
- Subledger components and relationships
Topic 4: Receipt Accounting20%- Receipt Accounting Work Area
- Execute receipt accounting transactions
- Receipt accounting reporting and reconciliation
- Configure accrual: Accrue on receipt, Accrue at period end
Topic 5: Standard Costing15%- Create and manage standard costs, resource rates, overhead rates
- Cost rollup and scenarios
- Analyze and resolve standard cost variances
Topic 6: Cost Accounting25%- Perform daily cost accounting processes
- Cost Accounting Work Area
- Configure costing methods: Standard, Perpetual, Actual
- Cost accounting reporting
- Set up cost organizations, cost books, and profiles

Your Oracle Cost Management Cloud 2018 Implementation Essentials Questions, Answered Honestly

The 1Z1-1024 exam is Oracle's formal test for the Oracle Cost Management Cloud 2018 Certified Implementation Specialist certification, a credential at the Specialist level. It verifies that you can apply the Oracle Cost Management Cloud 2018 Implementation Essentials objectives in realistic, scenario-driven situations — the difference between having read about the work and being able to do it. It also connects to a broader certification path covering Oracle Financials Cloud, Oracle Supply Chain Management Cloud, so the study effort compounds beyond a single exam. That is why preparing through realistic questions beats re-reading chapters every time.

The Oracle Cost Management Cloud 2018 Implementation Essentials blueprint spans 6 domains, led by Cost Accounting (25%), Overview and Key Concepts (15%), and Landed Cost Management (15%). Treat the percentages as a study budget: the heavier the domain, the larger its share of your week. The complete topic list sits in the exam topics section above — build your plan on it, not on guesswork.

The Oracle Cost Management Cloud 2018 Implementation Essentials exam packs 70 questions into 120 minutes. Turn that ratio into a plan before test day: minutes divided by questions gives your per-item budget, and anything consuming double its budget gets marked and revisited at the end. Practice the rhythm against a real timer — every PremiumVCEDump engine session enforces one — until finishing with spare review time is your default.

Oracle Cost Management Cloud 2018 Implementation Essentials requires 59% to pass, and every attempt costs $245 USD — retakes included, at full price. The smart economics are simple: drill with PremiumVCEDump practice questions until your timed scores clear the mark across several consecutive sessions, then book the seat. Over-preparation is cheaper than re-registration.

Oracle lists the Oracle Cost Management Cloud 2018 Implementation Essentials question formats as: Multiple Choice, Multiple Response. Format shapes strategy — locate the actual question sentence inside long scenario stems before reading details, and double-check every selection on multi-answer items. PremiumVCEDump's 80 practice questions exercise these formats so thoroughly that on exam day, only the content is unfamiliar.

You can sit the 1Z1-1024 exam in English. Choose whichever language keeps your comprehension fastest under the clock — slow reading is a hidden tax on every question. Testing in English? Daily sessions with PremiumVCEDump's English 1Z1-1024 practice questions double as focused terminology training.

The certification earned through the Oracle Cost Management Cloud 2018 Implementation Essentials exam stays valid for 18 months from date earned. Put the expiry date on your calendar the day you pass, and research the recertification path before it looms — a planned renewal is an errand, while an expired credential is a project. Oracle sets these policies, so verify the current rules on the official certification page as your window approaches.

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Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:

You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?

  • A. Run the Transfer Costs from Payables to Cost Management process.
  • B. Run the Clear Receipt Accrual Balances process.
  • C. Run the Create Accounting process.
  • D. Run the Transactions from Receiving to Costing process.
  • E. Run the Transactions from Procurement to Costing process.
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
Which accounting entries signal this process has taken place?

  • A. Debit Expense, Credit Expense Accrual
  • B. Debit Expense, Credit Receiving Inspection
  • C. Debit Accrued Liability, Credit Accounts Payable
  • D. Debit Charge Account (expense or inventory), Credit Receiving Inspection
  • E. Debit Receiving Inspection, Credit Accrued Liability
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Identify four features provided by the Review Work Order Costs UI when displaying work order

  • A. Output Costs
  • B. Variable Costs
  • C. Input Costs
  • D. Scrap Costs
  • E. Incremental Costs
  • F. Standard Cost variances
Reveal Solution  Discussion  0

Correct Answer: A,B,C,F  🗳️

Identify two purposes of Sub ledger Accounting.

  • A. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
  • B. to centralize accounting string generation across all modules
  • C. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
  • D. to maintain backward compatibility
  • E. to calculate costs for transactions
Reveal Solution  Discussion  0

Correct Answer: A,E  🗳️

Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
Which two configurations will support this request?

  • A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
    > Set Accrue Expense Items to At Receipt.
  • B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
  • C. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
  • D. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
  • E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
    > Set Accrue Expense Items to Period End.
  • F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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