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

  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Aug 16, 2026
  • Q&As: 173 Questions and Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Rules and Automation- Business rules and calculation logic
  • 1. Rule development and validation
    • 2. Automated consolidation scripts
      Intercompany Processing- Intercompany transactions
      • 1. Matching and elimination
        • 2. Reconciliation processes
          Reporting and Analysis- Financial reporting
          • 1. Financial reports and dashboards
            • 2. Smart View reporting integration
              Application Configuration- FCCS application setup and configuration
              • 1. Creating and configuring applications
                • 2. Setting up dimensions (Account, Entity, Scenario, Time, View)
                  Close Process Management- Period close activities
                  • 1. Validation and review procedures
                    • 2. Close process automation
                      Consolidation Process- Financial consolidation activities
                      • 1. Currency translation
                        • 2. Elimination rules and processing
                          • 3. Ownership and consolidation methods
                            Data Integration- Data loading and management
                            • 1. Importing and validating data
                              • 2. Data Management / Data Integration workflows
                                Security and Access- User and role management
                                • 1. Security configuration
                                  • 2. Access permissions and data restrictions
                                    Journals and Adjustments- Journal management
                                    • 1. Adjustment entries and validations
                                      • 2. Creating and posting journals

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

                                        A) FCCS_Data Input
                                        B) FCCS_Proportion
                                        C) FCCS_No Data Source
                                        D) FCCS_SystemTypes


                                        2. Which two statements are true about the Multi-GAAP feature? (Choose two.)

                                        A) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
                                        B) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
                                        C) You must specify a prefix for entities that use the alternate gap standard.
                                        D) Select this option if you need to report your financial statements only in IFRS.


                                        3. Which statement is FALSE when setting up Shared Entities?

                                        A) The calculation status will not change in all instances when data is changed in one instance.
                                        B) You build an alternate hierarchy by using partial share Entity members.
                                        C) The Data Storage Member Property must set to "Dynamic Calc".
                                        D) When data is posted to one shared entity, the data is posted to all instances.


                                        4. For which
                                        scenario would an On-Demand rule be an appropriate solution?

                                        A) to allocate data to base entities prior to consolidation
                                        B) to copy data from one scenario to a different scenario
                                        C) to add a column with a calculation to a report
                                        D) to perform a custom currency translation for a subset of accounts


                                        5. Which customization can you perform on the Navigation Flows page?

                                        A) Add or Hide cards.
                                        B) Select a data form to display at start up based on user group.
                                        C) Set a default POV by user group.
                                        D) Select a color scheme.


                                        Solutions:

                                        Question # 1
                                        Answer: B
                                        Question # 2
                                        Answer: A,B
                                        Question # 3
                                        Answer: A
                                        Question # 4
                                        Answer: B
                                        Question # 5
                                        Answer: A

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