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Oracle 1Z0-1081-24 Exam Braindumps - in .pdf Free Demo

  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Last Updated: Sep 24, 2026
  • Q & A: 173 Questions and Answers
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  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        Question #1

                                        Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
                                        What will be users' default access to members in the Account dimension?

                                        • A. Comment
                                        • B. None
                                        • C. Read
                                        • D. Write
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Explanation: Only visible for DumpTorrent members. You can sign-up / login (it's free).

                                        Question #2

                                        For your
                                        business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

                                        • A. Edit the numbers using a web form or Smart View after consolidating.
                                        • B. Click Configurable Consolidation on the Consolidation Process page and create a Configurable
                                        • C. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
                                        • D. Create an on-demand rule in Calculation Manager that you run after consolidation.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

                                        Explanation: Only visible for DumpTorrent members. You can sign-up / login (it's free).

                                        Question #3

                                        Which statement
                                        is true of the default FCCS_ members within an application?

                                        • A. You can change the Data Storage property.
                                        • B. You can change the Name.
                                        • C. You can change the default FCCS_ member prefix at application creation.
                                        • D. You can change the Alias.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

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                                        Question #4

                                        In the approval process, which four dimensions constitute an approval unit? (Choose four.)

                                        • A. Account
                                        • B. Period
                                        • C. Scenario
                                        • D. Year
                                        • E. Data Source (Entity)
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,C,D,E  🗳️

                                        Explanation: Only visible for DumpTorrent members. You can sign-up / login (it's free).

                                        Question #5

                                        What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

                                        • A. FCCS Entity Consolidation
                                        • B. FCCS Totallnput And Adisuted
                                        • C. FCCS Contribution
                                        • D. FCCS Entity Total
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

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