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Oracle 1Z0-1024: Oracle Cost Management Cloud 2018 Implementation Essentials

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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.

Aim of the Certificate Exam

The certification exam is designed to help the candidate excel and command his future progression. It is designed to

  • Provide individuals with a mark of excellence that is extremely recognized by the clients and seeks within across the industries
  • Differentiate individual in a crowded job market
  • Empower individuals to execute tasks with confidence and skill

Brief Details

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

  • Exam Name: Oracle Cost Management Cloud 2018 Implementation Essentials

  • Exam Code: 1Z0-1024

  • Number of Questions: 70 Questions

  • Duration: 120 minutes

  • Pass Score: 59%

  • Exam type: Multiple Choice Questions

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

  • 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 centres. 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 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.

Scope

This certificate verifies the fundamental knowledge of the candidate in Inventory Management Cloud Technology ensuring if the candidate is skilled enough to manage inventories and cloud technology.

Also, Oracle 1Z0-1024 certificate ensures the candidate is proficient in practically applying the knowledge gained through pieces of training and practical experience of working within the projects.

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.

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.

  • 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

  • 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

  • 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

  • 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

  • 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

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

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 dumps.

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.

For more info visit:

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