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Brief Details

Following are the quick details related to the 1z0-1024 Certification Exam

  • Duration: 120 minutes

  • Exam Registration: Candidates willing to appear for the exam have to purchase the exam voucher. Post purchasing the voucher, the candidate can register for the examination on Oracle Education Portal

  • Exam Code: 1z0-1024

  • Exam Mode: Online Proctored Exam. Candidates can take the examination from any place at any time as per their convenience. Candidates also have the option to give exams at any of the authorized training centers. Candidates can select the exam mode based on their convenience at the time of registration.

  • Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials

  • Exam Voucher: Candidates can purchase the exam vouchers on Oracle Education Portal. Voucher is valid for 6 months from the date of issue and is like a gift voucher which will get forfeited if not used within 6 months.

  • Number of Questions: 70 Questions

  • Exam Price: $245 (USD) Price may vary from country and localized currency rates

  • Pass Score: 59%

  • Exam type: Multiple Choice Questions

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

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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.

  • 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

  • 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

  • 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

  • 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

  • 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.

Oracle 1Z1-1024 Exam Syllabus Topics:

SectionObjectives
Cost Management Cloud Setup and Configuration- Enterprise structures and cost organization setup
  • 1. Cost organization hierarchy setup
    • 2. Ledger and business unit configuration
      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
              Inventory and Costing Integration- Inventory valuation and accounting
              • 1. Transfer and movement cost impacts
                • 2. Receipt accounting and cost updates
                  Cost Allocation and Distribution- Cost allocation methods
                  • 1. Overhead absorption and burdening
                    • 2. Cost pool distribution rules

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