Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Inventory Management Cloud
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Updated: Sep 07, 2026
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In 2026, failing the Oracle Cost Management Cloud 2018 Implementation Essentials exam means paying the full registration fee a second time — plus weeks of lost momentum. The 80 practice questions in 2Pass4sure's 1Z1-1024 package are designed to help you get it done on the first attempt.
Oracle 1Z1-1024 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2018 Implementation Essentials |
| Exam Number: | 1Z0-1024 |
| Passing Score: | 64% |
| Exam Format: | Multiple Response, Multiple Choice |
| Real Exam Qty: | 80 |
| Related Certifications: | Oracle Supply Chain Management Cloud Certification Oracle Cost Management Cloud 2018 Certified Implementation Specialist Oracle ERP Cloud Certification |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | Oracle Cloud Certification policy applies; credential remains valid for the certified release version |
| Exam Price: | 245 USD |
| Sample Questions: | DOWNLOAD DEMO |
| 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 |
|---|---|
| Topic 1: Costing Foundations | - Inventory and Costing Relationships
|
| Topic 2: Cost Analysis and Period Close | - Period-End Activities
|
| Topic 3: Landed Cost Management | - Landed Cost Configuration
|
| Topic 4: Receipt Accounting | - Receipt Accounting Processes
|
| Topic 5: Standard Cost Management | - Standard Cost Setup
|
| Topic 6: Cost Accounting Configuration | - Cost Accounting Setup
|
Oracle 1Z1-1024 Exam FAQ — What Candidates Ask Most
The 1Z1-1024 exam is the official Oracle exam for Oracle Cost Management Cloud 2018 Implementation Essentials. Passing it earns you the Oracle Inventory Management Cloud credential, which sits at the Implementation Specialist level. It is also connected to Oracle Cost Management Cloud 2018 Certified Implementation Specialist, Oracle ERP Cloud Certification, Oracle Supply Chain Management Cloud Certification, so what you learn carries over if you plan to pursue those paths as well. Employers treat the certification as verified proof of skill, which is why structured preparation with 2Pass4sure's practice questions pays off.
The 1Z1-1024 exam contains 80 questions, and the time limit is 120 minutes. Translate that into a pacing plan before exam day: know roughly how long you can afford per item, flag anything that stalls you, and circle back at the end instead of burning minutes. Two or three full timed sessions in 2Pass4sure's test engine will teach you that rhythm far better than untimed reading ever will.
The passing score for the 1Z1-1024 exam is 64%, and the official registration fee is 245 USD. Remember that a failed attempt means paying that fee again in full for a retake, so treat self-assessment as part of the budget: run 2Pass4sure's practice questions under timed conditions and only book your seat once your scores sit comfortably above the passing bar.
No mandatory prerequisite exam. Oracle recommends hands-on experience with Oracle Cost Management Cloud implementations and related ERP Cloud modules. Eligibility details can change, so before you register, confirm the current requirements on the official exam page: https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024.
Yes. 2Pass4sure offers a free PDF demo of the Oracle Cost Management Cloud 2018 Implementation Essentials practice questions on the samples page, so you can judge the format and quality yourself before paying anything. Every purchase also includes 365 days of free updates, and after the product expires you can extend the update service at a 50% discount from within your member zone.
If you take the corresponding exam within 60 days of purchase and do not pass, 2Pass4sure backs you with a 100% money-back guarantee. To claim it, submit a scanned copy of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam, and the refund is processed within 7 days. The guarantee does not apply to attempts made within the first 3 days after purchase, to products downloaded without actually sitting the exam, or to free materials and expired orders, and the candidate name must match the payer's name. If you would rather have study material than money, you can instead exchange for two additional exam products of equal value, free of charge, while keeping the update service on your original purchase. Delivery itself is instant: your download is available right after payment and a copy reaches your mailbox within one minute — if nothing arrives within 2 hours, contact customer service. You may install the product on as many computers as you need.
The official Oracle Cost Management Cloud 2018 Implementation Essentials blueprint is organized into 6 domains. The leading areas are:
- Cost Accounting Configuration
- Cost Analysis and Period Close
- Receipt Accounting
For the complete domain-by-domain breakdown with every subtopic, see the Exam Topics outline above.
Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
Your client originally used Quick Setup to configure Cost Accounting However, after reviewing their costing policies, they realize that they want to cost some of their lots differently then others What must they do to accomplish this?
- A. Quick Setup generates one valuation unit so they can access this to make changes and manually create new valuation units.
- B. Quick Setup generates valuation units so they just have to access those valuation units and make their changes.
- C. They cannot change their current configuration; data generated by Quick Setup cannot be changed.
- D. They must create their valuation units manually.
Identify two purposes of Sub ledger Accounting.
- A. to calculate costs for transactions
- B. to maintain backward compatibility
- C. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
- D. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- E. to centralize accounting string generation across all modules
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
- A. Close Pending
- B. Never Opened
- C. Permanently Closed
- D. Closed
- E. Open
Your client uses actual costing and needs to cost to the subinventory level. They have a few subinventories that hold normal goods and one subinventory that holds returned goods. They want their normal goods subinventories to be costed differently from their returned goods subinventory.
Which cost policy supports this requirement?
- A. Manually create one valuation unit for the normal goods subinventories and one valuation unit for the returned goods subinventory.
- B. Create a separate cost organization for the normal goods subinventories and one cost organization for the returned goods subinventory.
- C. EnaWe the inventory organization that holds the subinventories to be costed to the subinventory level by changing the organization parameter field from "Costing Level" to "Subinventory."
- D. Manually create one cost profile for the normal goods subinventories and one cost profile for the returned goods subinventory.
- E. Create a separate cost book for the normal goods subinventories and one cost book for the returned goods subinventory Add both cost books to the same cost organization.
Identify two characteristics of an expense pool.
- A. You can define the name of your expense pool, but you cannot define more than one.
- B. It is used only for analyzing gross margins on noninventory sales of services.
- C. It is a user-defined entity that represents a grouping of expenses that you want to absorb with resource and overhead rates.
- D. It helps you analyze under-absorption and over-absorption of expenses that you want to capitalize onto the balance sheet as inventory value.
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