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Oracle 1z1-987 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2017 Implementation Essentials |
| Exam Number: | 1Z0-987 |
| Exam Price: | $245 USD |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 55-75 |
| Available Languages: | English |
| Related Certifications: | Oracle Manufacturing and Supply Chain Cloud certifications Oracle Inventory Management Cloud certifications |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Recommended Training: | Oracle Cost Management Cloud Training |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite testing center |
| Pre Condition: | Basic knowledge of Oracle Financials Cloud and Supply Chain Management Cloud is recommended. |
| Official Syllabus URL: | https://education.oracle.com/oracle-certification-exams |
Oracle 1z1-987 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Analysis and Reporting | - Reporting Tools
|
| Cost Accounting and Costing Methods | - Costing Methods
|
| Cost Management Cloud Overview | - Setup and Configuration
|
| Inventory and Supply Chain Costing | - Inventory Valuation
|
Everything About Oracle Cost Management Cloud 2017 Implementation Essentials, Asked and Answered
Oracle Cost Management Cloud 2017 Implementation Essentials is an official Oracle certification exam, listed under the code 1z1-987. Passing it earns you the Oracle Cost Management Cloud 2017 Implementation Essentials certification, positioned at the Professional level. It also connects to Oracle Manufacturing and Supply Chain Cloud certifications, Oracle Inventory Management Cloud certifications. For anyone aiming at a leadership track in IT, this credential is one of the clearest markers of verified skill.
The Oracle Cost Management Cloud 2017 Implementation Essentials exam contains 55-75 questions to answer within 120 minutes. The SOFT engine from TestPassed imitates the real test scene on your computer and uses special methods to help you master questions and answers, so the official time limit becomes a practiced routine rather than a surprise.
Basic knowledge of Oracle Financials Cloud and Supply Chain Management Cloud is recommended.
Vendor requirements are revised periodically, so confirm the current conditions before registering via the official exam page.
Sign-up for Oracle Cost Management Cloud 2017 Implementation Essentials goes through the official channels below.
One planning note: the exam is delivered Online proctored or onsite testing center.
Oracle recommends the following training for Oracle Cost Management Cloud 2017 Implementation Essentials candidates.
Reinforce whichever training you pick with the 70 practice questions in the TestPassed 1z1-987 package, edited by experts who follow real test changes firsthand.
Three versions share the same verified content: the PDF prints unlimited copies for paper study, the SOFT engine imitates the real test scene on Windows PCs, and the APP version runs on all electronic products, which is why the majority of examinees choose it. A free demo lets you try before deciding, and after purchase updates are free for 365 days, extendable afterward at a 50% discount.
Worry-free shopping means a 100% money-back guarantee with stated conditions. Take the Oracle Cost Management Cloud 2017 Implementation Essentials exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, keeping the update service on your original purchase.
Delivery is immediate: files unlock for download at payment and are emailed to you within one minute. If nothing arrives within 2 hours, check spam and contact our 7/24 customer attendants, who reply within two hours. Installation is unlimited, and credit card payment keeps your money safe.
Oracle Cost Management Cloud 2017 Implementation Essentials is structured into 4 official domains. The leading ones are Inventory and Supply Chain Costing, Cost Accounting and Costing Methods, and Cost Management Cloud Overview. The full topic breakdown appears above; accurate preparation starts with an accurate map.
Oracle Cost Management Cloud 2017 Implementation Essentials Sample Questions:
When attempting to open costing periods, your customer is receiving the following error:
Error: You do not have the required permission. You can request that your help desk change your security settings.
What configuration needs to be done so your customer will be able to open the Cost Accounting period?
- A. Create Data Access on the Cost Accountant role for the correct cost organization.
- B. Create Data Access on the Accounts Payable role for the correct inventory organization.
- C. Create Data Access on the Accounts Payable role for the correct cost organization.
- D. Create Data Access on the Cost Accountant role for the correct inventory organization.
Correct Answer: C 🗳️
You are verifying your distributions for your transactions. You Just ran the receipt accounting distribution process. However, your purchase order receipt is not showing up.
What do you need to do for your receipt to show up?
- A. Run the Transactions from Procurement to Costing process.
- B. Run the Transactions from Receiving to Costing process.
- C. Run the Transfer Costs from Payables to Cost Management process.
- D. Run the Create Accounting process.
- E. Run the Clear Receipt Accrual Balances process.
Correct Answer: A 🗳️
If the accounting method on the Subledger Accounting method page has an assigned chart of accounts (COA), which two types of Journal entry rule sets can be used?
- A. Rule sets that have a mapping set to convert the accounts
- B. Rule sets assigned to a secondary ledger with a different COA
- C. Rule sets where the accounting rules override the method rule set
- D. Rule sets that use the same chart of accounts
- E. Rule sets not associated with any chart of accounts
Correct Answer: B,C 🗳️
You are explaining the characteristics of a "profit in inventory" cost element to a client. Which three statements describe true characteristics of this cost element?
- A. It is only used when you do not need to maintain an arm's length relationship.
- B. It can help you understand true margins and value added by internal business units through the internal supply chain.
- C. It can help you with consolidated financial reporting.
- D. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in different business units.
- E. It is a special type of cost element that helps you keep track of internal markups when inventory is transferred between inventory organizations that are in the same business unit.
Correct Answer: C,D,E 🗳️
Identify two purposes of Sub ledger Accounting.
- A. to centralize accounting string generation across all modules
- B. to create accounting strings that can be viewed and corrected just before they are transferred to the General Ledger
- C. to maintain backward compatibility
- D. to obtain detailed information for audit purposes since all sub ledger accounting is at the detail level
- E. to calculate costs for transactions
Correct Answer: B,E 🗳️
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