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Oracle 1Z0-1081-24 pass test : Oracle Financial Consolidation and Close 2024 Implementation Professional

1Z0-1081-24 actual test
  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Aug 25, 2026
  • Q & A: 173 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Consolidation Rules and Eliminations26%- Advanced consolidation features
  • 1. Custom consolidation rules and Groovy scripts
    • 2. Currency translation setup and execution
      - Consolidation logic and methods
      • 1. Ownership and investment elimination
        • 2. Non-controlling interest calculation
          Application Setup and Configuration28%- Security and user management
          • 1. Assign roles and access permissions
            • 2. Dimension security setup
              - Application creation and configuration
              • 1. Manage dimensions and metadata
                • 2. Enable features like Multi-GAAP, Multi-Currency
                  Financial Close Management24%- Journals and adjustments
                  • 1. Create and manage enterprise journals
                    • 2. Posting and approval processes
                      - Close process setup
                      • 1. Use EPM Task Manager
                        • 2. Approval unit hierarchies and workflows
                          Data Integration and Reporting22%- Reporting and analysis
                          • 1. Design reports and dashboards
                            • 2. Use Financial Reporting Studio
                              - Data loading and integration
                              • 1. Data load rules and validation
                                • 2. Integrate with source systems

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  1. How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

                                  A) by selecting Tasks, then Metadata, and then Import
                                  B) by selecting Dimension, then Import, and then Metadata
                                  C) by selecting Application, then Overview, then Dimensions, and then Export
                                  D) by selecting Application, then Overview, then Dimensions, and then Import


                                  2. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

                                  A) Data Source
                                  B) Year
                                  C) Consolidation
                                  D) Scenario
                                  E) Period
                                  F) Entity


                                  3. If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

                                  A) The Intercompany Alias is not automatically changed to the new Entity Alias.
                                  B) The Intercompany Alias is automatically changed to the new Entity Alias.
                                  C) The Intercompany Alias is automatically set to the Intercompany Name.
                                  D) The Intercompany Alias is set to the Entity Name.


                                  4. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

                                  A) FCCS_No Data Source
                                  B) FCCS_Data Input
                                  C) FCCS_Proportion
                                  D) FCCS_SystemTypes


                                  5. Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

                                  A) The Cash Change hierarchy cannot be modified.
                                  B) Siblings can be added to the FCCS_CashFlow_Investing member.
                                  C) All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
                                  D) Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
                                  E) The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
                                  F) Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.


                                  Solutions:

                                  Question # 1
                                  Answer: D
                                  Question # 2
                                  Answer: B,D,E,F
                                  Question # 3
                                  Answer: B
                                  Question # 4
                                  Answer: C
                                  Question # 5
                                  Answer: B,D,E,F

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