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Oracle 1Z1-1024 exam : Oracle Cost Management Cloud 2018 Implementation Essentials
- Exam Code: 1Z1-1024
- Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials
- Updated: Sep 19, 2026
- Q & A: 80 Questions and Answers
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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 |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Supply Chain Management Cloud Certification Oracle ERP Cloud Certification Oracle Cost Management Cloud 2018 Certified Implementation Specialist |
| Real Exam Qty: | 80 |
| Certificate Validity Period: | Oracle Cloud Certification policy applies; credential remains valid for the certified release version |
| Exam Format: | Multiple Choice, Multiple Response |
| Available Languages: | English |
| Exam Price: | 245 USD |
| Passing Score: | 64% |
| Sample Questions: |  |
| Exam Way: | Proctored exam delivered through Pearson VUE testing centers and Oracle online proctored testing. |
| Pre Condition: | No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle Cost Management Cloud implementations and related ERP Cloud modules. |
| Official Syllabus URL: | https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024 |
Oracle 1Z1-1024 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Standard Cost Management | - Standard Cost Setup
|
| Topic 2: Cost Analysis and Period Close | - Cost Processing
|
| Topic 3: Landed Cost Management | - Landed Cost Processing
|
| Topic 4: Cost Accounting Configuration | - Subledger Accounting
|
| Topic 5: Receipt Accounting | - Period-End Processing
|
| Topic 6: Costing Foundations | - Inventory and Costing Relationships
|
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No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle Cost Management Cloud implementations and related ERP Cloud modules. Eligibility rules change from time to time, so confirm the current requirements on the official page (official 1Z1-1024 exam page) before booking.
The Oracle Cost Management Cloud 2018 Implementation Essentials blueprint spans 6 domains — including Cost Analysis and Period Close, Cost Accounting Configuration, Costing Foundations. The weightings are your study map: allocate hours where the points are. Every subtopic appears in the outline above.
245 USD per attempt, 64% to pass. Cost-effective preparation matters here: the 80 practice questions for the Oracle Cost Management Cloud 2018 Implementation Essentials cost a fraction of one retake.
Yes — download the free 1Z1-1024 demo before buying and assess the quality and reliability yourself; it's the best way to avoid wasting money on bootless material. Purchases include 365 days of free updates, renewable later at half price.
The Oracle Cost Management Cloud 2018 Implementation Essentials is Oracle's certification exam for Oracle Inventory Management Cloud, at the Implementation Specialist level. Passing it demonstrates proficiency with specific technologies — a credential employers from small business to enterprise recognize. Related credentials include Oracle Cost Management Cloud 2018 Certified Implementation Specialist, Oracle ERP Cloud Certification, Oracle Supply Chain Management Cloud Certification.
Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
Question #1
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 the Receipt Close tolerance so it is 100 percent.
- B. Change inventory items to accrue at period end.
- C. Change expense items to accrue at period end.
- D. Change the Purchasing Line types to 4-way match.
- E. Change the Purchasing Line types to 3-way match.
Correct Answer: D,E 🗳️
Question #2
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory, Make, Lot, Serial
- B. Grade, Serial, Group, Lot
- C. Subinventory. Lot, Serial, Grade
- D. Subinventory, Lot, Serial, Locator
- E. Grade, Subinventory, Locator, Serial
Correct Answer: C 🗳️
Question #3
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. Receipt Accounting
- B. Cost Accounting
- C. Landed Cost Management
- D. Product Model
- E. Inventory Management
Correct Answer: E 🗳️
Question #4
Identify four features provided by the Review Work Order Costs UI when displaying work order
- A. Standard Cost variances
- B. Variable Costs
- C. Input Costs
- D. Output Costs
- E. Scrap Costs
- F. Incremental Costs
Correct Answer: A,B,C,D 🗳️
Question #5
Your organization currently has the August period for this year open. They want to be able to open the September period, while keeping August open. When you try to open the target period, August of this year, you get an error.
What must you do to meet your customer's requirement and resolve this error?
- A. Run the Transfer Transactions to Costing process.
- B. Close the August period; you can never have two open periods at the same time.
- C. Change the number of maximum open periods in Manage Cost Organization Relationships
- D. Perform cost account validations for August in Manage Cost Accounting Periods
Correct Answer: A 🗳️
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