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

1Z0-1081-24
  • 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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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Data Integration and Reporting22%- Data loading and integration
  • 1. Data load rules and validation
    • 2. Integrate with source systems
      - Reporting and analysis
      • 1. Use Financial Reporting Studio
        • 2. Design reports and dashboards
          Topic 2: Application Setup and Configuration28%- Security and user management
          • 1. Assign roles and access permissions
            • 2. Dimension security setup
              - Application creation and configuration
              • 1. Enable features like Multi-GAAP, Multi-Currency
                • 2. Manage dimensions and metadata
                  Topic 3: Financial Close Management24%- Journals and adjustments
                  • 1. Create and manage enterprise journals
                    • 2. Posting and approval processes
                      - Close process setup
                      • 1. Use EPM Task Manager
                        • 2. Approval unit hierarchies and workflows
                          Topic 4: Consolidation Rules and Eliminations26%- Consolidation logic and methods
                          • 1. Non-controlling interest calculation
                            • 2. Ownership and investment elimination
                              - Advanced consolidation features
                              • 1. Currency translation setup and execution
                                • 2. Custom consolidation rules and Groovy scripts

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  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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