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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 |
| Real Exam Qty: | 55-65 |
| Exam Price: | $245 USD |
| Exam Duration: | 120 minutes |
| Passing Score: | 65% |
| Related Certifications: | Oracle Cost Management Cloud Oracle SCM Cloud Certification Oracle ERP Cloud Certification |
| Exam Format: | Multiple Response, Multiple Choice |
| Certificate Validity Period: | 2 years |
| Recommended Training: | Oracle Cost Management Cloud Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Proctored exam delivered via Oracle University testing platform (online or test center via Pearson VUE) |
| Pre Condition: | No formal prerequisites required, but knowledge of Oracle ERP Cloud and supply chain processes is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1024 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Analysis and Reporting | - Cost reports and analytics
|
| Topic 2: Inventory and Costing Integration | - Inventory valuation and accounting
|
| Topic 3: Cost Accounting Foundations | - Cost elements and cost components
|
| Topic 4: Cost Allocation and Distribution | - Cost allocation methods
|
| Topic 5: Cost Management Cloud Setup and Configuration | - Enterprise structures and cost organization setup
|
Oracle 1Z1-1024 Exam: What Candidates Ask
Yes:
Courses build the foundation; then practice smartly with the 80 practice questions for the Oracle Cost Management Cloud 2018 Implementation Essentials — every answer expert-verified.
The Oracle Cost Management Cloud 2018 Implementation Essentials is Oracle's certification exam for Oracle Cost Management Cloud 2018 Implementation Essentials, at the Professional level. It validates skills employers hire for, which is why it can affect your career and future. Related credentials include Oracle Cost Management Cloud, Oracle ERP Cloud Certification, Oracle SCM Cloud Certification.
Files arrive by automatic email within a minute of payment — unlimited installations, and 24/7 customer assisting for any login or downloading issues if nothing shows up within 2 hours. If you fail the corresponding 1Z1-1024 exam within 60 days of purchase, you have options: a full refund (send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; processed within 7 days), waiting for the next updated version free, or changing to two other equal-value dumps free. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products.
No formal prerequisites required, but knowledge of Oracle ERP Cloud and supply chain processes is recommended. Vendors revise eligibility rules from time to time, so verify the current requirements on the official page (official 1Z1-1024 exam page) before booking.
The Oracle Cost Management Cloud 2018 Implementation Essentials blueprint covers 5 domains — including Cost Analysis and Reporting, Cost Management Cloud Setup and Configuration, Cost Allocation and Distribution. The weightings tell you where to spend your hours; the complete outline above lists every subtopic.
Through the vendor's official registration channels:
The Oracle Cost Management Cloud 2018 Implementation Essentials is delivered Proctored exam delivered via Oracle University testing platform (online or test center via Pearson VUE) — choose the arrangement that fits you when booking.
$245 USD per attempt, 65% to pass. A retake bills the full fee again, so prepare smartly: work through the 80 practice questions for the 1Z1-1024 exam at ValidExam before you book.
120 minutes for 55-65 questions. Efficient preparation includes pacing: rehearse timed sets until the clock feels manageable, not menacing.
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Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?
- A. Change inventory items to accrue at period end.
- B. Change the Purchasing Line types to 3-way match.
- C. Change expense items to accrue at period end.
- D. Change the Purchasing Line types to 4-way match.
- E. Change the Receipt Close tolerance so it is 100 percent.
Correct Answer: B,D 🗳️
Landed Cost Variance Analysis can be performed based on which three dimension combinations?
- A. Item Catalog/Inventory Organization/Business Unit
- B. Business Unit/Landed Cost Charge/Cost Organization
- C. Inventory Organization/Landed Cost Charge/Third Party Supplier
- D. Item Category/Material Supplier/Landed Cost Charge
- E. Item/Business Unit/Route
Correct Answer: A 🗳️
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. 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.
- B. It must always use the work definition with the October 1, 2015 effective date.
- C. 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.
- D. It will use the work definition with the January 2, 2016 effective date.
Correct Answer: A 🗳️
You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?
- A. Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No - B. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No - C. Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No - D. Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No - E. Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No
Correct Answer: E 🗳️
Identify four characteristics of a cost element.
- A. Users can define any number of cost elements.
- B. It uses date effectivity.
- C. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- D. It is the granularity at which costs are tracked and accounted.
- E. It is user-defined.
- F. The mapping of cost components into cost elements is user-defined.
Correct Answer: B,C,E,F 🗳️
