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  • Total Questions: 80
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Earning the Oracle Cost Management Cloud 2018 Implementation Essentials credential signals skills that employers recognize worldwide, which is exactly why the 1Z0-1024 exam is worth preparing for properly. Fast2test builds its 80 practice questions around the official outline, so your effort goes into topics that actually get tested.

Oracle 1Z0-1024 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Cost Management Cloud 2018 Implementation Essentials
Exam Number:1Z0-1024
Exam Price:$245 USD
Real Exam Qty:70
Passing Score:59%
Certificate Validity Period:18 months from date earned
Exam Duration:120 minutes
Related Certifications:Oracle Supply Chain Management Cloud
Oracle Financials Cloud
Available Languages:English
Exam Format:Multiple Response, Multiple Choice
Recommended Training:Oracle Cost Management Cloud Implementation Training
Exam Registration:Oracle Education Registration
Pearson VUE
Sample Questions:Oracle 1Z0-1024 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 1Z0-1024 Exam Syllabus Topics:

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

Oracle 1Z0-1024 Exam — Your Questions, Answered

The 1Z0-1024 exam, officially titled Oracle Cost Management Cloud 2018 Implementation Essentials, is the Oracle exam you pass to earn the Oracle Cost Management Cloud 2018 Certified Implementation Specialist certification, a credential at the Specialist level. Passing it confirms the skills defined in the official exam outline, and it is associated with related credentials such as Oracle Financials Cloud, Oracle Supply Chain Management Cloud.

The 1Z0-1024 exam includes 70 questions and gives you 120 minutes to finish them. That is a tight pace per question, so get used to reading each stem once, flagging anything uncertain, and moving on rather than getting stuck. Running timed practice tests in the Fast2test desktop or online test engine is the most reliable way to build that rhythm before exam day.

The passing score for the 1Z0-1024 exam is 59%, and the official registration fee is $245 USD. Keep in mind that a failed attempt means paying $245 USD again in full to retake it, so book your slot only when your scores on Fast2test practice tests sit consistently above the passing line.

Oracle lists the following prerequisites or eligibility notes for the 1Z0-1024 exam: No mandatory prerequisites; recommended implementation experience with Oracle SCM Cloud and Financials Cloud. Requirements can change over time, so confirm the details on the official exam page at Oracle's official site before you register.

You can register for the 1Z0-1024 exam through the official channels below:

The exam is delivered in the following format: Online proctored or Onsite at Pearson VUE authorized centers. Choose a date that leaves you enough time to work through the full 80-question practice set first.

Oracle recommends the following training resources for 1Z0-1024 candidates:

Official courses build the theory, and the 80 practice questions from Fast2test help you turn that theory into exam-ready speed and accuracy.

Yes. Fast2test offers a free PDF demo of the 1Z0-1024 material, so you can check the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.

Your purchase is protected by a 100% Money Back Guarantee with clear conditions: if you take the corresponding 1Z0-1024 exam within 60 days of purchase and do not pass, you can apply for a full refund. The candidate name must match the payer name, and you need to submit a scanned exam enrollment slip together with the official Score Report PDF within 2 days of taking the exam; claims are processed within 7 days. Sitting the exam within 3 days of purchase, downloading without taking the exam, free materials, and expired orders are not covered. If you would rather not take a refund, you can exchange your order for two free exam products of equal value and keep the update service on your original purchase.

Delivery is instant: your download links are emailed within one minute of payment, and you can also download directly from the website. If nothing arrives within 2 hours, contact customer service and check your spam folder. There is no limit on how many computers you can install the material on.

The 1Z0-1024 exam blueprint is divided into 6 domains, starting with Subledger Accounting (10%); Overview and Key Concepts (15%); Receipt Accounting (20%). For the complete domain-by-domain breakdown, see the Exam Topics section above — it lists every topic the current outline covers.

Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:

Question 1

Which three features are included in Receipt Accounting?

A. Review Journal Entries
B. Review Item Costs
C. Analyze Standard Purchase Cost Variances
D. Adjust Receipt Accrual Clearing Balances
E. Create Receipt Accounting Distribution


Question 2

Which two steps need to be completed to estimate landed costs?

A. Prepare the Material Purchase Order Data process.
B. Transfer transactions from the Inventory to the Costing process.
C. Allocate charges
D. Update standard costs.
E. Transfer transactions from the Payables to the Costing process.


Question 3

If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?

A. Rule sets where the accounting rules override the method rule set
B. Rule sets assigned to a secondary ledger with a different COA
C. Rule sets not associated with any chart of accounts
D. Rule sets that use the same chart of accounts
E. Rule sets that have a mapping set to convert the accounts


Question 4

Your client only wants to cost inventory items and third party costs. Which two modules are they required to implement to ensure this functionality?

A. Cost Accounting
B. Product Model
C. Receipt Accounting
D. Inventory Management
E. Landed Cost Management


Question 5

Which two types of costs are included in the cost of contract manufactured items?

A. The cost of the contract manufacturing service Item. This is the price that the contract
B. The cost of Items that the contract manufacturer had to purchase to perform the contract manufacturing service, and the cost of resources used by the contract manufacturer
C. Manufacturer will charge to make the outputs and would normally be enough to cover their costs and include a fair profit.
D. The cost of items that the original equipment manufacturer (OEM) owns and has provided to the contract manufacturer for use in the process of making the output Items
E. The cost of resources consumed at the OEM's factory


Solutions:

Question 1
Answer: A,D,E
Question 2
Answer: A,E
Question 3
Answer: A,B
Question 4
Answer: D
Question 5
Answer: B,D

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