1Z1-1024 exam dumps

Oracle 1Z1-1024 Value Package

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  • Exam Code: 1Z1-1024
  • Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials
  • No. of Questions: 80 Questions and Answers
  • Updated: Oct 24, 2026

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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
Exam Format:Multiple Choice, Multiple Response
Related Certifications:Oracle ERP Cloud Certification
Oracle Cost Management Cloud
Oracle SCM Cloud Certification
Real Exam Qty:55-65
Passing Score:65%
Available Languages:English
Exam Price:$245 USD
Certificate Validity Period:2 years
Recommended Training:Oracle Cost Management Cloud Training
Exam Registration:Oracle Certification Registration
Sample Questions: DOWNLOAD DEMO
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:

SectionObjectives
Inventory and Costing Integration- Inventory valuation and accounting
  • 1. Transfer and movement cost impacts
    • 2. Receipt accounting and cost updates
      Cost Analysis and Reporting- Cost reports and analytics
      • 1. Profitability and margin reporting
        • 2. Cost variance analysis
          Cost Accounting Foundations- Cost elements and cost components
          • 1. Resource and burden cost structures
            • 2. Material and overhead cost definitions
              Cost Management Cloud Setup and Configuration- Enterprise structures and cost organization setup
              • 1. Ledger and business unit configuration
                • 2. Cost organization hierarchy setup
                  Cost Allocation and Distribution- Cost allocation methods
                  • 1. Cost pool distribution rules
                    • 2. Overhead absorption and burdening

                      Everything to Know About the Oracle Cost Management Cloud 2018 Implementation Essentials Exam

                      The 1Z1-1024 exam is the official assessment for the Oracle Cost Management Cloud 2018 Implementation Essentials certification offered by Oracle. It checks whether you can apply the knowledge areas in the exam objectives to practical situations, and passing it earns a credential that employers across the industry recognize. For professionals who feel stuck in their current role, it is often the most concrete next step available.

                      No formal prerequisites required, but knowledge of Oracle ERP Cloud and supply chain processes is recommended.

                      The official outline for the 1Z1-1024 exam highlights these domains:

                      • Cost Allocation and Distribution ()
                      • Cost Accounting Foundations ()
                      • Inventory and Costing Integration ()

                      Weighting your study time toward the heavier domains first is a sensible strategy, and the Oracle Cost Management Cloud 2018 Implementation Essentials practice questions at PrepAwayETE follow the same objective structure.

                      Oracle recommends the following training resources for 1Z1-1024 exam candidates:

                      Pairing official courses with timed practice sessions tends to work well, since one builds knowledge and the other builds exam-day rhythm.

                      The 1Z1-1024 exam gives you 120 minutes minutes to answer 55-65 questions. That pace leaves little room for hesitation, which is why rehearsing under a timer — for example with the online test engine at PrepAwayETE, where you can set the session length just like the real test — is such a useful habit.

                      The online test engine is exclusive to PrepAwayETE and runs on any electronic device — phone, tablet, or computer — with no installation barriers. It recreates the atmosphere of the real 1Z1-1024 exam: you set the test time the way it will be on exam day, work through the Oracle Cost Management Cloud 2018 Implementation Essentials practice questions under that pressure, and at the end the engine marks the questions you got wrong and reminds you to practice them again next time. Over a few sessions, that loop turns weak areas into reliable ones.

                      To pass the 1Z1-1024 exam you need a score of 65%, and the registration fee is $245 USD. Since each attempt costs the full fee, arriving over-prepared is cheaper than arriving under-prepared — timed mock sessions and repeated review of missed questions are the usual ways candidates close that gap.

                      Registration for the 1Z1-1024 exam is handled through the official channels below:

                      Once your practice scores look consistent, booking a date gives your preparation a firm deadline to work toward.

                      Right after payment you get instant access to the 1Z1-1024 exam product — 80 practice questions for the Oracle Cost Management Cloud 2018 Implementation Essentials exam with expert-verified answers — and the download link is also emailed to you automatically, typically within a minute. Your purchase includes 365 days of free updates; our team checks for exam changes daily, and when a new version is released the system sends it straight to your mailbox. A 50% renewal discount applies if you extend updates beyond the first year, and payment by Credit Card is handled through a secure checkout.

                      Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:

                      Which four statements describe what is unique about Cost Accounting for items received into inventory as consigned?

                      • A. Consigned items cannot appear on inventory reports with information about the eventual value of the consigned item.
                      • B. The liability for a consigned item occurs when there is an ownership event.
                      • C. The quantity is tracked in inventory but not as an asset until there is an ownership event
                      • D. Consigned items can appear on inventory reports with information about the eventual value of the consigned item
                      • E. There is no difference between owned inventory and consigned inventory.
                      • F. A consumption can automatically trigger a momentary ownership transaction before the consumption transaction.
                      Reveal Solution  Discussion  0

                      Correct Answer: A,B,D,E  🗳️

                      You have configured your expense items to accrue at receipt. You have created a few purchase orders and want to verify that the supplier invoices have been created.
                      Which accounting entries signal this process has taken place?

                      • A. Debit Accrued Liability, Credit Accounts Payable
                      • B. Debit Expense, Credit Expense Accrual
                      • C. Debit Charge Account (expense or inventory), Credit Receiving Inspection
                      • D. Debit Receiving Inspection, Credit Accrued Liability
                      • E. Debit Expense, Credit Receiving Inspection
                      Reveal Solution  Discussion  0

                      Correct Answer: C  🗳️

                      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 journal entries, including their sub-ledger accounting events and class where the charges from the purchase orders are going to be charged to.
                      • B. Review their distributions that show the debit and credit information specific to the Receipt Accounting transaction selected.
                      • C. Review their Receipt Accounting processes that show whether any processes failed and why.
                      • D. Review their accrual balances and clear them.
                      • E. Review their audit receipt accrual clearing balances.
                      Reveal Solution  Discussion  0

                      Correct Answer: A,D  🗳️

                      Your client wants to set up some of their items as expense items and then enable them to be accrued at period end for one of their business units.
                      Which two configurations will support this request?

                      • A. Product Information Item > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
                      • B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
                        > Set Accrue Expense Items to At Receipt.
                      • C. Product Information Item > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
                      • D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
                      • E. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
                        > Set Accrue Expense Items to Period End.
                      • F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
                      Reveal Solution  Discussion  0

                      Correct Answer: B,D  🗳️

                      An invoice is created in a foreign currency. The invoice is not paid until several weeks later. By then, the currency conversion rate has changed.
                      How do you get the journal line rule to calculate the gain or loss?

                      • A. Create a foreign reporting currency to track gain/loss.
                      • B. Subledger Accounting is already set up to process it.
                      • C. Create a secondary ledger to track gain/loss.
                      • D. Turn on the Subledger Gain or Loss Option.
                      Reveal Solution  Discussion  0

                      Correct Answer: A  🗳️

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