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

Oracle 1Z1-1024 exam
  • Exam Code: 1Z1-1024
  • Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials
  • Updated: Nov 02, 2026
  • Q & A: 80 Questions and Answers
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About Oracle 1Z1-1024 Exam Questions

One product, three ways to study. VerifiedDumps delivers the Oracle Cost Management Cloud 2018 Implementation Essentials bank as a printable PDF, an interactive Windows software version, and an intelligent online version that flags your mistakes until you master them — every format containing the same 80 practice questions for the 1Z1-1024 exam.

Oracle 1Z1-1024 Exam Syllabus Topics:

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

Oracle 1Z1-1024 Exam FAQ: Read This First

The Oracle Cost Management Cloud 2018 Implementation Essentials exam spans 6 domains, and they are not weighted equally. The top areas are Landed Cost Management, Standard Cost Management, Costing Foundations. Budget your study hours to match those weights; the full domain list is in the outline section further up this page.

The 1Z1-1024 exam is Oracle's official certification test, and passing it earns the Oracle Inventory Management Cloud credential at the Implementation Specialist level. In career terms, it is verified proof of skill — the kind that moves you up the shortlist when your company works with Oracle technologies, or when you apply to one that does. The same track also includes Oracle Cost Management Cloud 2018 Certified Implementation Specialist, Oracle ERP Cloud Certification, Oracle Supply Chain Management Cloud Certification, so this exam can anchor a longer certification plan.

You pass the Oracle Cost Management Cloud 2018 Implementation Essentials exam at 64%, and each attempt costs 245 USD — fail, and that fee is due again in full for the retake. Treat mock exams as insurance: keep practicing with VerifiedDumps until your scores sit comfortably above 64% twice in a row, then schedule the real 1Z1-1024 exam.

Please do. VerifiedDumps offers a free demo download for the Oracle Cost Management Cloud 2018 Implementation Essentials exam — grab it from the product page or leave your email and we will send it over. Purchases come with 365 days of free updates; after that year, extending the update service costs 50% of the original price in your member zone.

The Oracle Cost Management Cloud 2018 Implementation Essentials exam packs 80 questions into 120 minutes. That ratio leaves almost no room for stalling, so time management is a trained skill, not luck. Our suggestion: rehearse full-length timed sessions in the VerifiedDumps engine, learn to park a question and return later, and walk into the 1Z1-1024 exam with a pacing plan already rehearsed.

No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle Cost Management Cloud implementations and related ERP Cloud modules. Since Oracle revises these rules from time to time, confirm the current prerequisites on the official exam page (https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024) before booking your Oracle Cost Management Cloud 2018 Implementation Essentials exam.

Delivery is effectively instant: your 1Z1-1024 download link is emailed within one minute of payment, with no cap on how many computers you install it on. If the email has not shown up within 2 hours, check spam and contact our 7x24 support — we reply quickly and resend immediately. If you fail the Oracle Cost Management Cloud 2018 Implementation Essentials exam itself, the refund policy applies when you took the corresponding exam within 60 days of purchase: submit a scanned enrollment slip and the official Score Report PDF within 2 days after the exam, and the refund is processed within 7 days. Not covered: attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders — and the candidate name must match the payer name. Prefer material over money? Exchange for two free exam products of equal value and keep the update service on your original purchase.

Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:

Question #1

What are the predefined areas that give you visibility into the status of Receipt Accounting, on the overview page in the Receipt Accounting work area?

  • A. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Transactions
  • B. Receipt Accounting Processes, Accrual Schedule, Review Journal Entries, Receipt Accounting Transactions
  • C. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Period Validation Status
  • D. Receipt Accounting Processes, Accrual Schedule, Receiving Balances, Receipt Accounting Transactions
  • E. Receipt Accounting Processes, Cleared Accruals, Receiving Balances, Receipt Accounting Period Validation Status
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

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

Correct Answer: D,E  🗳️

Question #3

Which three features are included in Receipt Accounting?

  • A. Adjust Receipt Accrual Clearing Balances
  • B. Review Item Costs
  • C. Create Receipt Accounting Distribution
  • D. Analyze Standard Purchase Cost Variances
  • E. Review Journal Entries
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

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Question #4

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 not associated with any chart of accounts
  • B. Rule sets assigned to a secondary ledger with a different COA
  • C. Rule sets that use the same chart of accounts
  • D. Rule sets where the accounting rules override the method rule set
  • E. Rule sets that have a mapping set to convert the accounts
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Question #5

Landed Cost Variance Analysis can be performed based on which three dimension combinations?

  • A. Business Unit/Landed Cost Charge/Cost Organization
  • B. Inventory Organization/Landed Cost Charge/Third Party Supplier
  • C. Item/Business Unit/Route
  • D. Item Catalog/Inventory Organization/Business Unit
  • E. Item Category/Material Supplier/Landed Cost Charge
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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