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Oracle 1Z0-1024 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Cost Management Cloud 2018 Implementation Essentials
Exam Number:1Z0-1024
Exam Duration:120 minutes
Real Exam Qty:80
Passing Score:64%
Exam Format:Multiple Response, Multiple Choice
Certificate Validity Period:Oracle Cloud Certification policy applies; credential remains valid for the certified release version
Related Certifications:Oracle Cost Management Cloud 2018 Certified Implementation Specialist
Oracle ERP Cloud Certification
Oracle Supply Chain Management Cloud Certification
Available Languages:English
Exam Price:245 USD
Sample Questions:Oracle 1Z0-1024 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

Exam Content

The examination consists of 70 Questions. Candidates should score 59% to clear the examination.

Formats of Question

  • Multiple Response Multiple-choice questions: Two or More Correct response from the given options best suits the statement or answers the question.
  • Single Response Multiple-choice questions: Only One correct response from the given options best suits the statement or answers the question.

Exam Duration

Candidates will have 120 minutes for attempting 70 questions. So, it becomes important for the candidates to time-box the exam and restrict spending too much time on one question or one topic.

Exam Results

The Oracle 1z0-1024 certification is a pass or fail examination and the candidate has to score a minimum of 59% to be termed as pass in the certification exam.

Candidates will receive an email with the result from Oracle within 30 minutes of completing the Certification exam. Exam results are also available on the CertView web portal and the candidate can visit the portal and login to the CertView account to view the exam results and get further details.

Topics to Cover

Oracle 1z0-1024 Certification Exam is based on the learnings, key topics, and activities encountered during oracle pieces of training and implementations.

Following are the major topics along with the sub-skills, a candidate should cover while preparing for the examination. These topics will give the candidates a clear view of which topics and skills inclusive, one should focus on for the certification.

Note: The list and details are not an all-inclusive content list. Oracle reserves the right to change and update the content (topics and sub-skills) at any point in time.

  • Subledger Accounting Explain the Receipt Accounting Subledger Explain the Cost Accounting Subledger Create Account Rules Create Journal Line Rules Create a Subledger Journal Entry Ruleset Create an Accounting Method Explain the relationships of Subledger Components Analyze and resolve errors and exceptions

  • Receipt Accounting Overview Describe the Receipt Accounting Work Area Explain Receipt Accounting Configure Accrue at period end Configure Accrue on receipt Perform Receipt Accounting processes Describe Receipt Accounting reporting Manage daily Receipt Accounting tasks

  • Managerial Accounting Overview Cost Accounting and its integration with different modules Describe the purpose of Cost Accounting, Receipt Accounting, and Landed Cost Explain key implementation decision points

  • Landed Cost Overview Describe the Landed Cost Work Area Explain Landed Cost Configure Landed Cost Management Manage Charge Names Manage Landed Cost Reference types Manage Routes Describe Landed Cost reporting Manage Daily Landed Cost tasks

  • Cost Accounting Overview Describe the Cost Accounting Work Area Explain Cost Accounting Configure Standard, Perpetual, and Actual costing methods Configure Cost Accounting Create Cost Accounting Key setups Explain Role of Costing Key setups and Cost policies Perform Cost Accounting processes Describe Cost Accounting reporting Manage Daily Cost Accounting tasks

  • Standard Costs Manage Cost scenarios Create Standard Costs, Resource Rates, and Overhead Rates Manage rolled up Costs Analyse and resolve Standard Cost variances

The candidate needs to go through and be proficient in every topic.

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

Oracle 1Z0-1024 Exam Syllabus Topics:

SectionObjectives
Landed Cost Management- Landed Cost Processing
  • 1. Cost Allocation
  • 2. Landed Cost Adjustments
- Landed Cost Configuration
  • 1. Charge Allocation Methods
  • 2. Trade Operations
Cost Analysis and Period Close- Period-End Activities
  • 1. Cost Accounting Period Close
  • 2. Reconciliation and Reporting
- Cost Processing
  • 1. Create Cost Accounting Distributions
  • 2. Cost Processor Execution
Costing Foundations- Cost Organizations and Cost Books
  • 1. Cost Organization Structures
  • 2. Cost Books Configuration
- Inventory and Costing Relationships
  • 1. Inventory Organizations
  • 2. Valuation Units
Receipt Accounting- Receipt Accounting Processes
  • 1. Accrual Accounting
  • 2. Receipt Transactions
- Period-End Processing
  • 1. Receipt Accounting Adjustments
  • 2. Reconciliation
Cost Accounting Configuration- Cost Accounting Setup
  • 1. Cost Components
  • 2. Cost Elements
  • 3. Cost Profiles
- Subledger Accounting
  • 1. Accounting Rules
  • 2. Journal Entry Rules
Standard Cost Management- Standard Cost Setup
  • 1. Cost Rollup
  • 2. Create and Maintain Standard Costs
- Variance Analysis
  • 1. Resource Variances
  • 2. Material Variances

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