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Last Updated: Nov 07, 2026
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The 1Z1-1024 exam attracts everyone from working professionals to first-time certification candidates, and PracticeMaterial prepares all of them. 80 practice questions with verified answers, layered content for different starting points, and constant updates keep the material aligned with the Oracle Cost Management Cloud 2018 Implementation Essentials objectives in 2026.
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 |
| Real Exam Qty: | 70 |
| Exam Format: | Multiple Response, Multiple Choice |
| Passing Score: | 59% |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | 18 months from date earned |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud Oracle Supply Chain Management Cloud |
| Recommended Training: | Oracle Cost Management Cloud Implementation Training |
| Exam Registration: | Pearson VUE Oracle Education Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or Onsite at Pearson VUE authorized centers |
| Pre Condition: | No mandatory prerequisites; recommended implementation experience with Oracle SCM Cloud and Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/oracle-cost-management-cloud-2018-implementation-essentials/pexam_1Z0-1024 |
Oracle 1Z1-1024 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Subledger Accounting | 10% | - Subledger components and relationships - Troubleshoot accounting errors and exceptions - Create account rules, journal line rules, accounting methods |
| Topic 2: Cost Accounting | 25% | - Perform daily cost accounting processes - Cost Accounting Work Area - Cost accounting reporting - Configure costing methods: Standard, Perpetual, Actual - Set up cost organizations, cost books, and profiles |
| Topic 3: Landed Cost Management | 15% | - Landed Cost Work Area - Manage daily landed cost operations - Configure charge names, routes, and reference types - Landed cost reporting |
| Topic 4: Overview and Key Concepts | 15% | - Implementation decision points - Integration with other Oracle Cloud modules - Purpose of Cost Accounting, Receipt Accounting, and Landed Cost |
| Topic 5: Standard Costing | 15% | - Cost rollup and scenarios - Create and manage standard costs, resource rates, overhead rates - Analyze and resolve standard cost variances |
| Topic 6: Receipt Accounting | 20% | - Configure accrual: Accrue on receipt, Accrue at period end - Receipt accounting reporting and reconciliation - Execute receipt accounting transactions - Receipt Accounting Work Area |
1Z1-1024 Exam FAQ: Straight Answers for Candidates
The Oracle Cost Management Cloud 2018 Implementation Essentials exam includes 70 and runs for 120 minutes. Practice pacing with the timed modes in the PracticeMaterial engines so exam-day time pressure feels familiar rather than frightening.
PracticeMaterial offers a full refund if you take the Oracle Cost Management Cloud 2018 Implementation Essentials exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Claims require a scan of your enrollment slip and the official Score Report PDF, submitted within 2 days of the exam, and are processed within 7 days. An alternative is available too: exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing shows up within 2 hours.
No mandatory prerequisites; recommended implementation experience with Oracle SCM Cloud and Financials Cloud Since requirements can change, verify the current rules on the official Oracle exam page before scheduling.
The official Oracle Cost Management Cloud 2018 Implementation Essentials outline organizes the exam into 6 domains. The three largest are Overview and Key Concepts (15%), Cost Accounting (25%), and Standard Costing (15%). See the full list in the topics section above — the 80 practice questions at PracticeMaterial address every domain there.
The 1Z1-1024 exam is a Oracle certification exam that measures the skills defined in the Oracle Cost Management Cloud 2018 Implementation Essentials syllabus shown above. It feeds into these credential paths: Oracle Financials Cloud, Oracle Supply Chain Management Cloud. Candidates range from students to seasoned professionals, and the material at PracticeMaterial reflects that — 80 practice questions written in accessible language, with verified answers, in PDF, Desktop Test Engine, and Online Test Engine formats.
Yes — Oracle lists these recommended resources for the Oracle Cost Management Cloud 2018 Implementation Essentials exam:
After the coursework, reinforce it with the 80 practice questions from PracticeMaterial — self-paced, so you can use them whenever your schedule allows.
Registration for the Oracle Cost Management Cloud 2018 Implementation Essentials exam costs $245 USD, and the passing score is 59%. Retakes cost the same again, which is a good reason to measure your readiness with the PracticeMaterial practice engines before booking.
Online proctored or Onsite at Pearson VUE authorized centers Book the Oracle Cost Management Cloud 2018 Implementation Essentials exam through these official channels:
After booking, the PracticeMaterial practice questions — delivered by email within 1 minute of purchase — let you start preparing the same day.
The complete Oracle Cost Management Cloud 2018 Implementation Essentials preparation set: 80 practice questions in three formats — a printable, expert-prepared PDF with instant download; a Desktop Test Engine for Windows with two practice modes and offline access that simulates the real exam; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS, with test history and performance review. A free demo lets you sample everything first, updates are free for 365 days, renewal afterward costs 50% of the standard price, and installations are unlimited.
Oracle Cost Management Cloud 2018 Implementation Essentials Sample Questions:
Identify three Landed Cost Management tasks.
- A. Capture Charges
- B. Manage Cost Scenarios
- C. View Rolled Up Costs
- D. Review Journal Entries
- E. Perform Allocations
- F. Create Accounting
Correct Answer: A,E,F 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
Which two statements are true about Cost Accounting books?
- A. A cost organization has one book that posts to the primary ledger.
- B. Every cost organization must use different book names; they cannot be shared.
- C. A cost organization can use secondary books to perform Cost Accounting for different purposes such as currencies, regulatory reporting, or management reporting.
- D. Secondary books can post accounting entries into any ledger, including the primary ledger or any secondary ledger.
Correct Answer: B,C 🗳️
Which two outcomes can happen in create accounting when an account combination returned is end dated?
- A. The original account is stored on the journal line.
- B. An alternate account will be used if provided.
- C. An error will always occur.
- D. The preprocessor will pre-warn about this error.
- E. Suspense accounts cannot be used.
Correct Answer: A,B 🗳️
Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).
You can track costs at what granularity level in Cost Accounting for the actual costing method?
- A. Subinventory. Lot, Serial, Grade
- B. Subinventory, Lot, Serial, Locator
- C. Grade, Subinventory, Locator, Serial
- D. Subinventory, Make, Lot, Serial
- E. Grade, Serial, Group, Lot
Correct Answer: A 🗳️
You have finished creating your sub ledger journal entry rule sets and see that they are still in the incomplete status. Which two steps will ensure that the journal entries are generated?
- A. Add the sub ledger journal entry rule sets to the Manage Journal Entry Rule Set task
- B. Run the "Activate Accounting Methods" process.
- C. Run the "Activate Sub ledger Journal Entry Rule Set Assignments" process.
- D. Add the sub ledger journal entry rule sets to the Manage Accounting Methods task.
- E. Validate the sub ledger journal entry rule sets using Validate Journal Entry Rule Set.
Correct Answer: C,E 🗳️
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