Ease of use is a feature you feel every study session. The 1z1-987 bank at LatestCram combines a wide variety of practice capabilities with content that stays clear under pressure — 70+ Q&As covering the Oracle Cost Management Cloud 2017 Implementation Essentials objectives, expert-verified throughout.
Oracle 1z1-987 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2017 Implementation Essentials |
| Exam Number: | 1Z0-987 |
| Real Exam Qty: | 70 |
| Related Certifications: | Oracle Financials Cloud Oracle Supply Chain Management Cloud |
| Exam Format: | Multiple Choice, Multiple Select |
| Certificate Validity Period: | Until Oracle retires this exam version |
| Exam Duration: | 105 minutes |
| Passing Score: | 64% |
| Exam Price: | $245 USD |
| Available Languages: | English, Japanese |
| Recommended Training: | Oracle Cost Management Cloud 2017 Implementation Training Oracle Learning Library |
| Exam Registration: | Pearson VUE Registration Oracle University Certification Page |
| Sample Questions: |  |
| Exam Way: | Online proctored or Onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended experience in Oracle Cloud Financials or Supply Chain applications |
| Official Syllabus URL: | https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-987 |
Oracle 1z1-987 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Cost Accounting Overview | 15% | - Managerial Accounting concepts - Integration with other Oracle Cloud modules - Key implementation decision points |
| Setting Up Cost Accounting | 20% | - Setting up item cost controls - Configuring Cost Elements and Cost Components - Defining Cost Books and Cost Profiles - Creating and managing Cost Organizations |
| Cost Processing and Calculations | 20% | - Period close and reconciliation processes - Processing cost accounting transactions - Cost adjustments and corrections - Performing cost rollups and updates |
| Cost Analysis and Reporting | 15% | - Generating cost accounting reports - Analyzing inventory valuation and margins - Using Cost Management dashboards |
| Security, Integration and Maintenance | 15% | - Integrating with external systems - Defining security access for cost accounting - Troubleshooting common cost issues |
| Receipt Accounting and Landed Cost | 15% | - Landed Cost configuration and processing - Purpose and functionality of Receipt Accounting - Accounting for purchase receipts and adjustments |
The 1z1-987 Details You Actually Need
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The Oracle Cost Management Cloud 2017 Implementation Essentials blueprint covers these principal domains:
- Cost Analysis and Reporting (15%)
- Receipt Accounting and Landed Cost (15%)
- Cost Accounting Overview (15%)
The remaining domains appear in the full official outline, all of which our bank addresses.
As of the latest information, the passing score for the 1z1-987 exam is 64% and the fee is $245 USD. Oracle can revise both, so confirm the current figures on the official site before registering.
Registration runs through the official channels below:
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Oracle recommends these official training options:
Pick the course matching your experience, then reinforce it with regular question practice.
Oracle lists the following prerequisites for the Oracle Cost Management Cloud 2017 Implementation Essentials: No mandatory prerequisites; recommended experience in Oracle Cloud Financials or Supply Chain applications.
Confirm the details on the official certification page before you book.
Per current exam information, the 1z1-987 exam includes 70 questions and allows 105 minutes minutes. Timed practice beforehand makes the format feel routine on the day.
Because every step respects your time. Buying is a simple, transparent procedure: choose your version or package, see the cost generated automatically, confirm, and order — then the materials arrive by email in about a minute. The 1z1-987 content is clear, the main points easy to acquire, and every answer expert-verified; the PDF prints for paper review. When the exam changes, our experts devote their energy to immediate research and revision, and critical comments trigger improvement measures as soon as possible. A free demo lets you run a mini-test and confirm quality first, and your personal information is protected on an integrity-based platform throughout.
Oracle Cost Management Cloud 2017 Implementation Essentials Sample Questions:
Your client wants their expense items to be accrued at receipt. Which two configurations support this requirement?
- A. Product Information Management > Search and select the expense item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "Yes".
- B. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to Period End. - C. Manage Common Options for Payables and Procurement > Select the business unit > Expense Accruals
> Set Accrue Expense Items to At Receipt. - D. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at At Receipt.
- E. Product Information Management > Search and select item > Specifications > Manufacturing > Verify that Inventory Asset Value is set to "No".
- F. Configure Procurement Business Function > Select the business unit > Set Select Receipt Close Point to Accrue at Period End.
Correct Answer: D,F 🗳️
A chart of accounts (COA) must be specified on the accounting method for which two situations?
- A. When using segment rules
- B. Every accounting method should have a COA.
- C. When using account combination rules
- D. When account combination rules use constants
- E. When using ledgers that have unique accounting requirements
Correct Answer: A,B 🗳️
Which three features are included in Receipt Accounting?
- A. Adjust Receipt Accrual Clearing Balances
- B. Review Journal Entries
- C. Review Item Costs
- D. Create Receipt Accounting Distribution
- E. Analyze Standard Purchase Cost Variances
Correct Answer: A,B,D 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
You have configured the application as follows:
* Expense items are set to accrue at receipt.
* Receipt Close tolerance is set to 75 percent.
* Purchasing Line types are set to 2-way match.
When you create a purchase order, the Accrue on Receipt check box is automatically selected when a line is added Which two configurations changes will ensure the Accrue on Receipt check box is not selected by default?
- A. Change expense items to accrue at period end.
- B. Change the Purchasing Line types to 4-way match.
- C. Change the Receipt Close tolerance so it is 100 percent.
- D. Change the Purchasing Line types to 3-way match.
- E. Change inventory items to accrue at period end.
Correct Answer: B,D 🗳️
Identify three characteristics of cost component to cost element mapping.
- A. You cannot modify, duplicate, or create user-defined cost components.
- B. It is one of the attributes you define as part of your cost profile definitions.
- C. It is user-defined.
- D. It lets you define how cost component level costs will map into cost elements.
- E. You can only define one cost component to cost element mapping for an installation.
Correct Answer: B,C,D 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
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