Get an edge on your Oracle Cost Management Cloud 2018 Implementation Essentials journey with premium 1Z1-1024 practice tests from GuideTorrent. We offer 80 questions with comprehensive updates throughout 2026, giving you the exact preparation you need.
Oracle 1Z1-1024 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2018 Implementation Essentials |
| Exam Number: | 1Z0-1024 |
| Real Exam Qty: | 55-65 |
| Available Languages: | English |
| Exam Price: | $245 USD |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Multiple Response |
| Related Certifications: | Oracle ERP Cloud Certification Oracle SCM Cloud Certification Oracle Cost Management Cloud |
| Passing Score: | 65% |
| 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 |
|---|---|
| Cost Analysis and Reporting | - Cost reports and analytics
|
| Cost Accounting Foundations | - Cost elements and cost components
|
| Cost Allocation and Distribution | - Cost allocation methods
|
| Inventory and Costing Integration | - Inventory valuation and accounting
|
| Cost Management Cloud Setup and Configuration | - Enterprise structures and cost organization setup
|
Everything You Need to Know: Oracle 1Z1-1024 Exam
The 1Z1-1024 exam is a core requirement for the Oracle Cost Management Cloud 2018 Implementation Essentials certification at the Professional level. Earning this validates your skills for credentials like Oracle Cost Management Cloud, Oracle ERP Cloud Certification, Oracle SCM Cloud Certification.
Candidates will face 55-65 questions and have 120 minutes to complete the exam. This means you need strict time management. We strongly recommend taking timed practice tests to ensure you can maintain a steady pace without rushing when under actual exam time pressure.
The official examination fee is $245 USD, and you must achieve a score of 65% to pass. Since retaking the test requires paying the full fee again, utilizing accurate practice materials for thorough self-assessment beforehand is crucial to protect your investment.
Candidate requirements include: No formal prerequisites required, but knowledge of Oracle ERP Cloud and supply chain processes is recommended.. Please verify all eligibility details on the official certification page before scheduling your appointment.
Registration is handled through official testing partners. The exam is delivered via Proctored exam delivered via Oracle University testing platform (online or test center via Pearson VUE). You can sign up here:
The vendor suggests following official learning paths to build a foundational understanding:
Once you complete your training, use the 80 practice questions from GuideTorrent to refine your exam readiness.
Absolutely. A free PDF demo is available for you to evaluate the quality of our questions. Once purchased, you receive 365 days of free updates. If your access expires, you can renew it at a 50% discount to keep your materials current.
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The syllabus is divided into 5 main domains. Key areas include "Cost Management Cloud Setup and Configuration", "Cost Analysis and Reporting", "Inventory and Costing Integration". For a comprehensive breakdown of all measured skills, please review the complete exam outline table provided above.
Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
Which two things must your customer check daily in order to ensure that all their purchase order transactions from that day have been accounted for in Receipt Accounting Distribution?
- A. Review their audit receipt accrual clearing balances.
- B. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
- C. Review their journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
- D. Review their Receipt Accounting processes that show whether any processes failed and why.
- E. Review their accrual balances and clear them.
Correct Answer: C,E 🗳️
How is the standard cost of a manufactured configured item calculated?
- A. It is based on the material and resource requirements of a released work order.
- B. The standard cost of a model item is calculated.
- C. The standard cost is calculated for every possible combination of options under a model
- D. It is based on the actual cost of the work order after it is completed.
Correct Answer: B 🗳️
Your client would like to accrue expense items at period end. What subledger journal entry rule set must be created in order for the expense accrual Journal entries to be successfully generated?
- A. Event Class: Expense Accrual Event Type: Expense Accrual
- B. Event Class: Purchase Order Price Adjustment Event Type: Period End Accrual
- C. Event Class: Period End Accrual Event Type: Period End Accrual
- D. Event Class: Expense Accrual Event Type: Period End Accrual
- E. Event Class: Purchase Order Price Adjustment Event Type: Expense Accrual
Correct Answer: E 🗳️
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 that use the same chart of accounts
- B. Rule sets where the accounting rules override the method rule set
- C. Rule sets not associated with any chart of accounts
- D. Rule sets that have a mapping set to convert the accounts
- E. Rule sets assigned to a secondary ledger with a different COA
Correct Answer: B,E 🗳️
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. It will use the work definition with the January 2, 2016 effective date.
- B. 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.
- C. It must always use the work definition with the October 1, 2015 effective date.
- D. 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.
Correct Answer: D 🗳️
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