Oracle 1Z0-1081-24 Q&A - in .pdf

  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Sep 13, 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
  • Updated: Sep 13, 2026
  • Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                        Question #1

                                        You are required to create a form to allow users to input dat
                                        a. Which three actions or form components selected should accomplish this?

                                        • A. Give data input users WRITE access to form dimension members
                                        • B. Set access rights for data input users to the form
                                        • C. Level 0 dimension members on POV, rows and columns
                                        • D. Set the currency on the form to the reporting currency member USD_Reporting
                                        Answer: A,B,C
                                        Question #2

                                        A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
                                        Which additional step is required to pull data in the new tab and change the POV?

                                        • A. Close out of Excel, and relog in to Smart View.
                                        • B. Activate the Connection.
                                        • C. Change one of the Row or Column dimension members and click Refresh.
                                        • D. Disconnect from the Smart View connection, and relog in.
                                        Answer: C
                                        Question #3

                                        In the
                                        Movement dimension, for which two can you modify the default translation calculation?

                                        • A. Opening Balance
                                        • B. Base-level members under FCCS_Mvmts Subtotal
                                        • C. Opening Balance Input
                                        • D. Closing Balance
                                        Answer: A,B

                                        Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

                                        Question #4

                                        When designing a report in Financial Reporting Studio, which condition should NOT be considered for a Financial Consolidation and Close (FCCS) report?

                                        • A. Expanded vs. single data segments
                                        • B. Suppress missing blocks
                                        • C. Report performance
                                        • D. Designing dynamic reports
                                        Answer: B
                                        Question #5

                                        How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

                                        • A. by selecting Application, then Overview, then Dimensions, and then Export
                                        • B. by selecting Tasks, then Metadata, and then Import
                                        • C. by selecting Dimension, then Import, and then Metadata
                                        • D. by selecting Application, then Overview, then Dimensions, and then Import
                                        Answer: D

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