Oracle 1Z0-1081-24 Q&A - in .pdf

  • 1Z0-1081-24 pdf
  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Aug 06, 2026
  • Q & A: 173 Questions and Answers
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  • Q & A: 173 Questions and Answers
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  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Intercompany Processing- Intercompany transactions
  • 1. Reconciliation processes
    • 2. Matching and elimination
      Topic 2: Journals and Adjustments- Journal management
      • 1. Adjustment entries and validations
        • 2. Creating and posting journals
          Topic 3: Rules and Automation- Business rules and calculation logic
          • 1. Rule development and validation
            • 2. Automated consolidation scripts
              Topic 4: Application Configuration- FCCS application setup and configuration
              • 1. Setting up dimensions (Account, Entity, Scenario, Time, View)
                • 2. Creating and configuring applications
                  Topic 5: Security and Access- User and role management
                  • 1. Access permissions and data restrictions
                    • 2. Security configuration
                      Topic 6: Consolidation Process- Financial consolidation activities
                      • 1. Elimination rules and processing
                        • 2. Currency translation
                          • 3. Ownership and consolidation methods
                            Topic 7: Reporting and Analysis- Financial reporting
                            • 1. Smart View reporting integration
                              • 2. Financial reports and dashboards
                                Topic 8: Close Process Management- Period close activities
                                • 1. Close process automation
                                  • 2. Validation and review procedures
                                    Topic 9: Data Integration- Data loading and management
                                    • 1. Importing and validating data
                                      • 2. Data Management / Data Integration workflows

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. Which two statements are true about Enterprise Journals? (Choose two.)

                                        A) You can assign a team as preparer or reviewer.
                                        B) You cannot deploy Enterprise Journals to a period with Pending status.
                                        C) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
                                        D) Line items can only include entities that have been enabled for Enterprise Journals.


                                        2. Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

                                        A) Select Application, then Overview, then Actions, and then Import Data
                                        B) Select Import, then Actions, and then Data
                                        C) Select Application, then Overview, then Data, and then Export
                                        D) Select Dimensions, then Actions, and then Import Data


                                        3. Which statement is FALSE about Task Manager schedules?

                                        A) You can re-open a schedule that has been locked.
                                        B) To start all the tasks in a schedule, you must change the status from Pending to Open.
                                        C) Users can still complete tasks in a schedule that has been closed.
                                        D) You can still add tasks to a schedule that has been closed.


                                        4. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

                                        A) FCCS Contribution
                                        B) FCCS Totallnput And Adisuted
                                        C) FCCS Entity Consolidation
                                        D) FCCS Entity Total


                                        5. What is
                                        the function of Source Mapping in Data Management?

                                        A) Manage source periods in relation to global periods.
                                        B) Define the close calendar periods.
                                        C) Map local dimension members to the application dimension members.
                                        D) Defined the input currency for each data source supplying data to the application.


                                        Solutions:

                                        Question # 1
                                        Answer: A,D
                                        Question # 2
                                        Answer: A
                                        Question # 3
                                        Answer: D
                                        Question # 4
                                        Answer: C
                                        Question # 5
                                        Answer: D

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