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Instant Download Oracle : 1Z0-1081-24 Questions & Answers as PDF & Test Engine
- Exam Code: 1Z0-1081-24
- Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
- Updated: Sep 25, 2026
- No. of Questions: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Security and Administration | 10% | - User roles and access management - Security filters and data access controls - System administration tasks |
| Topic 2: Data Management | 20% | - Journal entries and adjustments - Intercompany transactions - Data quality and validation rules - Data maps and data grids - Data loading and integration methods |
| Topic 3: Consolidation Processing | 20% | - Ownership and investment eliminations - Consolidation run and workflow - Consolidation methods and logic - Non-controlling interests |
| Topic 4: Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Currency and exchange rate configuration - Chart of accounts setup - Application settings and preferences - Period and calendar management |
| Topic 5: Overview and Architecture | 15% | - Navigation and user interface components - Oracle FCCS product overview and key capabilities - Architecture and deployment options |
| Topic 6: Reporting and Analysis | 10% | - Dashboards and analysis tools - Report designer and templates - Financial reports and Smart View |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
What can the Intercompany Dimension be enabled and made visible within your application?
- A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- B. during application creation and selecting the Intercompany Data feature option
- C. during application creation and selecting the Multi-source Data Input of Other Data
- D. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
Correct Answer: B 🗳️
What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?
- A. Opening Balance Override rules execute for the first period in the year only.
- B. You can select which entities to include in the rule scope.
- C. They are available only if Intercompany Data with Tracking is enabled for the business process.
- D. You can select which accounts to include in the rule scope.
Correct Answer: A 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)
- A. Grid
- B. Header
- C. Footer
- D. Chart
Correct Answer: A,D 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?
- A. FCCS_SystemTypes
- B. FCCS_Proportion
- C. FCCS_No Data Source
- D. FCCS_Data Input
Correct Answer: B 🗳️
Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?
- A. Each period in the year must consolidate separately.
- B. There is no reason to consolidate years sequentially.
- C. Parent account calculations depend on the sequencing.
- D. Years should be consolidated sequentially to ensure that rollforward calculations are correct.
Correct Answer: D 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
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