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

1Z1-1024

Exam Code: 1Z1-1024

Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials

Updated: Sep 11, 2026

Q & A: 80 Questions and Answers

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About Oracle Cost Management Cloud 2018 Implementation Essentials certification

Exam Preparation

Questions in the exam are based on official training material provided by Oracle over different official platforms. Also the information in the following pieces of training is the source for the exam. Hence, Candidates should complete the following training courses before appearing for the certification exam.

Candidates should complete one of the below-mentioned pieces of training for the proper understanding of content and topics

  • Oracle Supply Chain Management Cloud Learning Subscription (Individuals & Companies)
  • Oracle Supply Chain Management Cloud Learning Subscription (Partners)

There are two main types of resources for preparation of certification exams first there are the study guides and the books that are detailed and suitable for building knowledge from the ground up then there are video tutorial and lectures that can somehow ease the pain of through study and are comparatively less boring for some candidates yet these demand time and concentration from the learner. Candidates who want to build a solid foundation in all exam topics and related technologies usually combine video lectures with study guides to reap the benefits of both but there is one crucial preparation tool as often overlooked by most candidates the practice exams. Practice exams are built to make students comfortable with the real exam environment. Statistics have shown that most students fail not due to that preparation but due to exam anxiety the fear of the unknown. It is recommended to prepare notes and practice 1z0-1024 Exam exam dumps.

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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.

  • 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

  • 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

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

  • 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

  • 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

  • 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

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

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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.

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

Oracle 1Z1-1024 Exam Syllabus Topics:

SectionObjectives
Topic 1: Costing Foundations- Cost Organizations and Cost Books
  • 1. Cost Organization Structures
  • 2. Cost Books Configuration
- Inventory and Costing Relationships
  • 1. Valuation Units
  • 2. Inventory Organizations
Topic 2: Landed Cost Management- Landed Cost Configuration
  • 1. Trade Operations
  • 2. Charge Allocation Methods
- Landed Cost Processing
  • 1. Cost Allocation
  • 2. Landed Cost Adjustments
Topic 3: Cost Accounting Configuration- Subledger Accounting
  • 1. Journal Entry Rules
  • 2. Accounting Rules
- Cost Accounting Setup
  • 1. Cost Components
  • 2. Cost Elements
  • 3. Cost Profiles
Topic 4: Standard Cost Management- Standard Cost Setup
  • 1. Create and Maintain Standard Costs
  • 2. Cost Rollup
- Variance Analysis
  • 1. Resource Variances
  • 2. Material Variances
Topic 5: Cost Analysis and Period Close- Cost Processing
  • 1. Create Cost Accounting Distributions
  • 2. Cost Processor Execution
- Period-End Activities
  • 1. Reconciliation and Reporting
  • 2. Cost Accounting Period Close
Topic 6: Receipt Accounting- Receipt Accounting Processes
  • 1. Receipt Transactions
  • 2. Accrual Accounting
- Period-End Processing
  • 1. Receipt Accounting Adjustments
  • 2. Reconciliation

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