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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Exam Content

The examination consists of 70 Questions. Candidates should score 59% to clear the examination.

Formats of Question

• Multiple Response Multiple-choice questions: Two or More Correct response from the given options best suits the statement or answers the question.
• Single Response Multiple-choice questions: Only One correct response from the given options best suits the statement or answers the question.

Exam Duration

Candidates will have 120 minutes for attempting 70 questions. So, it becomes important for the candidates to time-box the exam and restrict spending too much time on one question or one topic.

Exam Results

The Oracle 1z0-1024 certification is a pass or fail examination and the candidate has to score a minimum of 59% to be termed as pass in the certification exam.

Candidates will receive an email with the result from Oracle within 30 minutes of completing the Certification exam. Exam results are also available on the CertView web portal and the candidate can visit the portal and login to the CertView account to view the exam results and get further details.

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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.

• 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

• 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

• 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

• 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

• 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

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

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

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Target Audience

The Oracle 1z0-1024 Certification Exam is targeted to the candidates having experience in inventory management cloud technology and want to set their career progression as Oracle Cost Management Cloud 2018 Certified Implementation Specialist (OCS).

Note: Oracle prohibits nationals of the embargoed territories of Cuba, Iran, North Korea, Syria, and Sudan from taking any Oracle test or from becoming certified.