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Oracle 1Z1-1024 : Oracle Cost Management Cloud 2018 Implementation Essentials

1Z1-1024

Exam Code: 1Z1-1024

Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials

Updated: Jul 26, 2026

Q & A: 80 Questions and Answers

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Target Audience

The Oracle 1z0-1024 Certification Exam is targeted to the candidates having experience in inventory management cloud technology and want to set their career progression as Oracle Cost Management Cloud 2018 Certified Implementation Specialist (OCS).

Note: Oracle prohibits nationals of the embargoed territories of Cuba, Iran, North Korea, Syria, and Sudan from taking any Oracle test or from becoming certified.

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Aim of the Certificate Exam

The certification exam is designed to help the candidate excel and command his future progression. It is designed to

  • Differentiate individual in a crowded job market
  • Provide individuals with a mark of excellence that is extremely recognized by the clients and seeks within across the industries
  • Empower individuals to execute tasks with confidence and skill

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Brief Details

Following are the quick details related to the 1z0-1024 Certification Exam

  • Exam Code: 1z0-1024

  • Exam Price: $245 (USD) Price may vary from country and localized currency rates

  • Exam Voucher: Candidates can purchase the exam vouchers on Oracle Education Portal. Voucher is valid for 6 months from the date of issue and is like a gift voucher which will get forfeited if not used within 6 months.

  • Pass Score: 59%

  • Number of Questions: 70 Questions

  • Exam type: Multiple Choice Questions

  • Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials

  • Exam Mode: Online Proctored Exam. Candidates can take the examination from any place at any time as per their convenience. Candidates also have the option to give exams at any of the authorized training centers. Candidates can select the exam mode based on their convenience at the time of registration.

  • Duration: 120 minutes

  • Exam Registration: Candidates willing to appear for the exam have to purchase the exam voucher. Post purchasing the voucher, the candidate can register for the examination on Oracle Education Portal

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Oracle Cost Management Cloud 2018 Implementation Essentials

Preparation Guide for Oracle 1z0-1024 Certification Exam

Introduction

The Oracle Cost Management Cloud 2018 Implementation Essentials Certification Exam certifies the candidate has a firm understanding and grasp over inventory management cloud technology. This certificate is also known as Oracle 1Z0-1024 Exam which is a benchmark for experience and expertise recognized by employers across the globe.

Reference: https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024

Oracle 1Z1-1024 Exam Syllabus Topics:

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

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