- Exam Code: 1Z1-1024
- Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials
- Updated: Sep 24, 2026
- Q & A: 80 Questions and Answers
Oracle 1Z1-1024 Exam : Oracle Cost Management Cloud 2018 Implementation Essentials
PDF Version DemoAbout Oracle 1Z1-1024 Exam
Staring blankly at the syllabus gets nothing done. Wake up and carry out an actual plan in 2026: 80 practice questions for the Oracle Cost Management Cloud 2018 Implementation Essentials from Exam4Tests, mapped to the real exam.
Oracle 1Z1-1024 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2018 Implementation Essentials |
| Exam Number: | 1Z0-1024 |
| Exam Price: | 245 USD |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Oracle Cloud Certification policy applies; credential remains valid for the certified release version |
| Real Exam Qty: | 80 |
| Exam Format: | Multiple Choice, Multiple Response |
| Available Languages: | English |
| Related Certifications: | Oracle ERP Cloud Certification Oracle Supply Chain Management Cloud Certification Oracle Cost Management Cloud 2018 Certified Implementation Specialist |
| Passing Score: | 64% |
| 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 |
Oracle 1Z1-1024 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Analysis and Period Close | - Cost Processing
|
| Cost Accounting Configuration | - Cost Accounting Setup
|
| Receipt Accounting | - Period-End Processing
|
| Landed Cost Management | - Landed Cost Processing
|
| Standard Cost Management | - Variance Analysis
|
| Costing Foundations | - Cost Organizations and Cost Books
|
1Z1-1024 FAQ Before You Buy
No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle Cost Management Cloud implementations and related ERP Cloud modules. Rules on eligibility change occasionally, so confirm the current requirements on the official page (official 1Z1-1024 exam page) before you pay the fee.
120 minutes for 80 questions. Adapt to the clock now: the Exam4Tests SOFT and APP versions let you control test time and track scores, so the real 1Z1-1024 exam feels like a rehearsal you've already done.
Delivery: payment triggers an automatic email within a minute — download immediately, install without limits, and if nothing arrives within 2 hours our round-the-clock support helps (check spam first). Refund: unlike vendors with slow, cumbersome processes, we keep it clear — take the corresponding 1Z1-1024 exam within 60 days of purchase, and if you fail, send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; the full refund is processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.
Yes — three different free Oracle Cost Management Cloud 2018 Implementation Essentials demos are available to download. Do the demo test first to inspect the value, then decide. Purchases include 365 days of free updates, renewable at 50% off.
The Oracle Cost Management Cloud 2018 Implementation Essentials blueprint covers 6 domains — including Landed Cost Management, Costing Foundations, Standard Cost Management. Weightings point you to the heavy hitters; schedule your review accordingly. The complete outline above lists every subtopic.
245 USD per attempt, with 64% as the passing score. Since a failed attempt bills again, rehearse with the 80 practice questions from Exam4Tests until your tracked scores clear the mark consistently.
The Oracle Cost Management Cloud 2018 Implementation Essentials is Oracle's official exam for the Oracle Inventory Management Cloud credential (Implementation Specialist level). Before anything else, verify the exam code and name match what you need — then build a plan around the official objectives. Related credentials include Oracle Cost Management Cloud 2018 Certified Implementation Specialist, Oracle ERP Cloud Certification, Oracle Supply Chain Management Cloud Certification.
Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
Question #1
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When account combination rules use constants
- B. When using ledgers that have unique accounting requirements
- C. When using account combination rules
- D. When using segment rules
- E. Every accounting method should have a COA.
Correct Answer: D,E 🗳️
Question #2
Select two ways to define the standard cost for an item from the Cost Accounting work area.
- A. Manage the Standard Cost task.
- B. Import standard costs from receipt layers.
- C. Create Standard Cost in a spreadsheet.
- D. Manage the Item Cost task.
Correct Answer: C,D 🗳️
Question #3
Identify four characteristics of a cost element.
- A. It is the most granular level of cost captured by upstream systems such as procurement, accounts payable, and manufacturing.
- B. The mapping of cost components into cost elements is user-defined.
- C. It is user-defined.
- D. Users can define any number of cost elements.
- E. It is the granularity at which costs are tracked and accounted.
- F. It uses date effectivity.
Correct Answer: A,B,C,F 🗳️
Question #4
There are freight charges on an invoice. Which two setups are required to get create accounting to enter a separate accounting line for it?
- A. Account Class must be set to Freight.
- B. Create a condition for a journal line for freight.
- C. Line Type must be set to Freight.
- D. Sub ledger accounting is set up to accomplish this out-of-the-box.
Correct Answer: B,D 🗳️
Question #5
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - B. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- C. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. - D. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- E. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
Correct Answer: B,F 🗳️
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