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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.

Brief Details

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

  • 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.

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

  • Exam Code: 1z0-1024

  • Duration: 120 minutes

  • Pass Score: 59%

  • Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials

  • Number of Questions: 70 Questions

  • 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 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 type: Multiple Choice Questions

Exam Content

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

Formats of Question

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

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

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Exam Preparation

Questions in the exam are based on official training material provided by Oracle over different official platforms. Also the information in the following pieces of training is the source for the exam. Hence, Candidates should complete the following training courses before appearing for the certification exam.

Candidates should complete one of the below-mentioned pieces of training for the proper understanding of content and topics

  • Oracle Supply Chain Management Cloud Learning Subscription (Individuals & Companies)
  • Oracle Supply Chain Management Cloud Learning Subscription (Partners)

There are two main types of resources for preparation of certification exams first there are the study guides and the books that are detailed and suitable for building knowledge from the ground up then there are video tutorial and lectures that can somehow ease the pain of through study and are comparatively less boring for some candidates yet these demand time and concentration from the learner. Candidates who want to build a solid foundation in all exam topics and related technologies usually combine video lectures with study guides to reap the benefits of both but there is one crucial preparation tool as often overlooked by most candidates the practice exams. Practice exams are built to make students comfortable with the real exam environment. Statistics have shown that most students fail not due to that preparation but due to exam anxiety the fear of the unknown. It is recommended to prepare notes and practice 1z0-1024 Exam exam dumps.

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Oracle 1Z1-1024 Exam Syllabus Topics:

SectionObjectives
Inventory and Costing Integration- Inventory valuation and accounting
  • 1. Receipt accounting and cost updates
    • 2. Transfer and movement cost impacts
      Cost Accounting Foundations- Cost elements and cost components
      • 1. Resource and burden cost structures
        • 2. Material and overhead cost definitions
          Cost Management Cloud Setup and Configuration- Enterprise structures and cost organization setup
          • 1. Ledger and business unit configuration
            • 2. Cost organization hierarchy setup
              Cost Analysis and Reporting- Cost reports and analytics
              • 1. Cost variance analysis
                • 2. Profitability and margin reporting
                  Cost Allocation and Distribution- Cost allocation methods
                  • 1. Cost pool distribution rules
                    • 2. Overhead absorption and burdening

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