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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Cost Management Cloud 2017 Implementation Essentials |
| Exam Number: | 1Z0-987 |
| Exam Format: | Multiple Choice, Multiple Select |
| Available Languages: | English, Japanese |
| Certificate Validity Period: | Until Oracle retires this exam version |
| Exam Price: | $245 USD |
| Related Certifications: | Oracle Supply Chain Management Cloud Oracle Financials Cloud |
| Exam Duration: | 105 minutes |
| Real Exam Qty: | 70 |
| Passing Score: | 64% |
| Recommended Training: | Oracle Learning Library Oracle Cost Management Cloud 2017 Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Certification Page |
| Sample Questions: | DOWNLOAD DEMO |
| 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 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Analysis and Reporting | 15% | - Analyzing inventory valuation and margins - Using Cost Management dashboards - Generating cost accounting reports |
| Topic 2: Receipt Accounting and Landed Cost | 15% | - Purpose and functionality of Receipt Accounting - Accounting for purchase receipts and adjustments - Landed Cost configuration and processing |
| Topic 3: Cost Accounting Overview | 15% | - Key implementation decision points - Managerial Accounting concepts - Integration with other Oracle Cloud modules |
| Topic 4: Setting Up Cost Accounting | 20% | - Setting up item cost controls - Creating and managing Cost Organizations - Defining Cost Books and Cost Profiles - Configuring Cost Elements and Cost Components |
| Topic 5: Cost Processing and Calculations | 20% | - Processing cost accounting transactions - Cost adjustments and corrections - Performing cost rollups and updates - Period close and reconciliation processes |
| Topic 6: Security, Integration and Maintenance | 15% | - Integrating with external systems - Troubleshooting common cost issues - Defining security access for cost accounting |
The official Oracle Cost Management Cloud 2017 Implementation Essentials outline defines 6 domains. The leading three are Cost Analysis and Reporting (15%), Receipt Accounting and Landed Cost (15%), and Setting Up Cost Accounting (20%). The full list is in the topics section above, and Actual4Labs's 70 practice questions cover each one.
No mandatory prerequisites; recommended experience in Oracle Cloud Financials or Supply Chain applications Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Online proctored or Onsite at Pearson VUE test centers Register for the Oracle Cost Management Cloud 2017 Implementation Essentials exam through these official channels:
After booking, Actual4Labs delivers your practice questions within 1 minute — preparation starts the same day.
The 1z1-987 exam is a Oracle certification exam validating the Oracle Cost Management Cloud 2017 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud, Oracle Supply Chain Management Cloud. Candidates in 2026 start with Actual4Labs's 70 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
The Oracle Cost Management Cloud 2017 Implementation Essentials exam contains 70 to complete within 105 minutes. Timed simulation in the Actual4Labs Desktop Test Engine teaches that rhythm before exam day does.
Actual4Labs issues a full refund if you take the Oracle Cost Management Cloud 2017 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. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, 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 arrives within 2 hours.
The Oracle Cost Management Cloud 2017 Implementation Essentials exam requires 64% to pass, and registration costs $245 USD. A failed attempt means paying the same fee again — a readiness check with the Actual4Labs engines before booking is the cheaper option.
Oracle recommends these training resources for the Oracle Cost Management Cloud 2017 Implementation Essentials exam:
Follow the training with steady self-testing — the 70 practice questions from Actual4Labs help you apply theory and fill any gaps the training leaves.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 70 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
Assume today is November 15, 2015, and you are getting ready to implement new standard costs for the new year Your cost planning scenario has a January 1, 2016 effective date. An item has three work definitions. One work definition has an October l, 2015 effective date. A second work definition has a December 1, 2015 effective date. A third work definition has a January 2, 2016 effective date.
How will the application select the work definition?
Correct Answer: C 🗳️
Select the two valid relationships between subledger components.
Correct Answer: D,E 🗳️
Explanation: Only visible for Actual4Labs members. You can sign-up / login (it's free).
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?
Correct Answer: B,D 🗳️
A manager has decided to close the period by not allowing any new transactions, except for corrections and adjustments, which can happen any time before the period is closed permanently.
Which cost period status will allow the system to perform the transaction?
Correct Answer: D 🗳️
Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?
Correct Answer: C 🗳️
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