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 09, 2026
  • Q & A: 173 Questions and Answers
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  • Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. For which
                                        scenario would an On-Demand rule be an appropriate solution?

                                        A) to perform a custom currency translation for a subset of accounts
                                        B) to copy data from one scenario to a different scenario
                                        C) to add a column with a calculation to a report
                                        D) to allocate data to base entities prior to consolidation


                                        2. In Data Integration integrations, which two attributes are linked to the location selected for the integration? (Choose two.)

                                        A) Scenario
                                        B) Member mappings
                                        C) Data tile name
                                        D) Target application


                                        3. For your
                                        business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

                                        A) Edit the numbers using a web form or Smart View after consolidating.
                                        B) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
                                        C) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
                                        D) Create an on-demand rule in Calculation Manager that you run after consolidation.


                                        4. Which statement is FALSE when enabling a Multi-GAAP application?

                                        A) The system automatically creates an FCCS_IFRS member.
                                        B) Two custom dimensions are available after enabling Multi-GAAP.
                                        C) Additional GAAP adjustment can be created.
                                        D) The Multi-GAAP dimension is optional.


                                        5. Which three
                                        are seeded data forms created during business process creation?

                                        A) Headcount
                                        B) Exchange Rate Multi-period
                                        C) Override Rates
                                        D) Data Status
                                        E) Shares Outstanding


                                        Solutions:

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

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