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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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The examination consists of 70 Questions. Candidates should score 59% to clear the examination.
Formats of 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.
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.
| Section | Weight | Objectives |
|---|---|---|
| Overview and Key Concepts | 15% | - Purpose of Cost Accounting, Receipt Accounting, and Landed Cost - Implementation decision points - Integration with other Oracle Cloud modules |
| Landed Cost Management | 15% | - Manage daily landed cost operations - Configure charge names, routes, and reference types - Landed cost reporting - Landed Cost Work Area |
| Subledger Accounting | 10% | - Subledger components and relationships - Troubleshoot accounting errors and exceptions - Create account rules, journal line rules, accounting methods |
| Cost Accounting | 25% | - Configure costing methods: Standard, Perpetual, Actual - Perform daily cost accounting processes - Cost Accounting Work Area - Set up cost organizations, cost books, and profiles - Cost accounting reporting |
| Standard Costing | 15% | - Cost rollup and scenarios - Create and manage standard costs, resource rates, overhead rates - Analyze and resolve standard cost variances |
| Receipt Accounting | 20% | - Receipt accounting reporting and reconciliation - Receipt Accounting Work Area - Configure accrual: Accrue on receipt, Accrue at period end - Execute receipt accounting transactions |
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