- Exam Code: 1Z0-1081-24
- Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
- Updated: Sep 27, 2026
- Q & A: 173 Questions and Answers
Oracle Financial Consolidation and Close 2024 Implementation Professional : 1Z0-1081-24 valid dump
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Close Process Management | - Period close activities
|
| Topic 2: Application Configuration | - FCCS application setup and configuration
|
| Topic 3: Rules and Automation | - Business rules and calculation logic
|
| Topic 4: Consolidation Process | - Financial consolidation activities
|
| Topic 5: Journals and Adjustments | - Journal management
|
| Topic 6: Intercompany Processing | - Intercompany transactions
|
| Topic 7: Security and Access | - User and role management
|
| Topic 8: Data Integration | - Data loading and management
|
| Topic 9: Reporting and Analysis | - Financial reporting
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question #1
Which statement accurately describes alternate hierarchies?
- A. Parent members having the same currency
- B. Data must be entered multiple times for shared members
- C. Contribution to parent members are similar
- D. Single entities having multiple parents
Correct Answer: D 🗳️
Question #2
By default, security access is set to "None" for which three dimensions? (Choose three.)
- A. Data Source
- B. Movement
- C. Account
- D. Year
- E. Entity
Correct Answer: A,C,E 🗳️
Question #3
In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. A variance in the Average rate and the Ending rate
- B. The current FCCS_CTA account balance does not change from the prior period
- C. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- D. The account is FCCS_Net Income
Correct Answer: B 🗳️
Question #4
Which two statements are correct with regard to Data Management locations? (Choose two.)
- A. The logic account group is required in order to effect running of calculations after the data load.
- B. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
- C. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
- D. Locations can share dimension member mappings by specifying a location as a parent location of others.
- E. Locations must specify an import format, which may be used by other locations.
- F. Data load rules can be shared across locations.
Correct Answer: D,E 🗳️
Question #5
When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?
- A. The ICP dimension will be omitted.
- B. An extra custom dimension will be available.
- C. The FCCS_No Intercompany member of the ICP dimension will be used for all data.
- D. Data can be stored by intercompany partner but no eliminations will occur.
Correct Answer: A 🗳️
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