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

Oracle 1Z0-1081-24 test insides dumps
  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Oct 14, 2026
  • Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
SectionObjectives
Topic 1: Security and Access- User and role management
  • 1. Access permissions and data restrictions
    • 2. Security configuration
      Topic 2: Rules and Automation- Business rules and calculation logic
      • 1. Automated consolidation scripts
        • 2. Rule development and validation
          Topic 3: Close Process Management- Period close activities
          • 1. Close process automation
            • 2. Validation and review procedures
              Topic 4: Data Integration- Data loading and management
              • 1. Data Management / Data Integration workflows
                • 2. Importing and validating data
                  Topic 5: Consolidation Process- Financial consolidation activities
                  • 1. Currency translation
                    • 2. Ownership and consolidation methods
                      • 3. Elimination rules and processing
                        Topic 6: Intercompany Processing- Intercompany transactions
                        • 1. Reconciliation processes
                          • 2. Matching and elimination
                            Topic 7: Application Configuration- FCCS application setup and configuration
                            • 1. Creating and configuring applications
                              • 2. Setting up dimensions (Account, Entity, Scenario, Time, View)
                                Topic 8: Reporting and Analysis- Financial reporting
                                • 1. Financial reports and dashboards
                                  • 2. Smart View reporting integration
                                    Topic 9: Journals and Adjustments- Journal management
                                    • 1. Creating and posting journals
                                      • 2. Adjustment entries and validations
                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
                                        Question #1

                                        You need
                                        to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
                                        Where on the form do you place the Entity dimension?

                                        • A. the Point of View
                                        • B. rows
                                        • C. columns
                                        • D. the Page Axis
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

                                        Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).

                                        Question #2

                                        Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

                                        • A. FX Rates - Historical
                                        • B. FX Rates - Ending
                                        • C. FX Rates - Average
                                        • D. FX Rates - Opening
                                        • E. FX Rates - None
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,C  🗳️

                                        Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).

                                        Question #3

                                        Which two are required fields when registering a source system in Data Management?

                                        • A. Cloud Type
                                        • B. Name
                                        • C. Source System Type
                                        • D. Drill Through URL
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,D  🗳️

                                        Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).

                                        Question #4

                                        Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?

                                        • A. An ownership percentage for the entity other than 100 was entered.
                                        • B. The parent entity has a different currency than the child.
                                        • C. A rate was entered into the FCCS Rate Override account.
                                        • D. An intercompany elimination was performed.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

                                        Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).

                                        Question #5

                                        Which is true behavior of default FCCS_ members within an application?

                                        • A. You can change the Alias of these default FCCS_ members at any time.
                                        • B. You can change the Name of these default FCCS_ members at any time.
                                        • C. You can change the default FCCS_ member prefix at application creation.
                                        • D. You cannot change the Alias of these default FCCS_ members.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

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