- Exam Code: 1Z0-1081-24
- Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
- Updated: Aug 10, 2026
- Q & A: 173 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration and Reporting | 22% | - Data loading and integration
|
| Topic 2: Application Setup and Configuration | 28% | - Security and user management
|
| Topic 3: Financial Close Management | 24% | - Journals and adjustments
|
| Topic 4: Consolidation Rules and Eliminations | 26% | - Consolidation logic and methods
|
1. Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)
A) Comma delimited
B) DAT file type
C) Excel XLS file type
D) Tab delimited
2. Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?
A) System Changed (SC)
B) Need Translate
C) OK
D) Impacted
3. Which statement is FALSE when setting up Shared Entities?
A) You build an alternate hierarchy by using partial share Entity members.
B) The Data Storage Member Property must set to "Dynamic Calc".
C) The calculation status will not change in all instances when data is changed in one instance.
D) When data is posted to one shared entity, the data is posted to all instances.
4. A company has two subsidiaries with 1000 EURO each in the Cash account.
Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)
A) FCCS_Entity Total
B) FCCS_Proportion
C) FCCS_Entity Consolidation
D) FCCS_Contribution
E) FCCS_Elimination
F) FCCS_Entity Input
5. Financial Consolidation
and Close maintains calculation status for which four dimensions?
A) Data Source
B) Period
C) Consolidation
D) Year
E) Entity
F) Scenario
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A,C,D,F | Question # 5 Answer: B,C,E,F |
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