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 28, 2026
- Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Q&A - Testing Engine
- Exam Code: 1Z0-1081-24
- Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
- Updated: Sep 28, 2026
- Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Consolidation Processing | 20% | - Consolidation run and workflow - Non-controlling interests - Ownership and investment eliminations - Consolidation methods and logic |
| Topic 2: Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Application settings and preferences - Chart of accounts setup - Currency and exchange rate configuration - Period and calendar management |
| Topic 3: Overview and Architecture | 15% | - Architecture and deployment options - Oracle FCCS product overview and key capabilities - Navigation and user interface components |
| Topic 4: Security and Administration | 10% | - System administration tasks - User roles and access management - Security filters and data access controls |
| Topic 5: Data Management | 20% | - Journal entries and adjustments - Data quality and validation rules - Data maps and data grids - Intercompany transactions - Data loading and integration methods |
| Topic 6: Reporting and Analysis | 10% | - Dashboards and analysis tools - Financial reports and Smart View - Report designer and templates |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Which statement is FALSE about running consolidations?
- A. When you consolidate a parent, children with the Impacted calculation status are also consolidated.
- B. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
- C. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
- D. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
Correct Answer: D 🗳️
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Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?
- A. Currency, Account, Movement
- B. Consolidation, Currency, Account
- C. Entity, Currency, Account
- D. Entity, Consolidation, Currency
Correct Answer: A 🗳️
Which two statements are correct with regard to Data Management locations? (Choose two.)
- A. Locations must specify an import format, which may be used by other locations.
- B. Data load rules can be shared across locations.
- C. Locations can share dimension member mappings by specifying a location as a parent location of others.
- D. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
- E. The logic account group is required in order to effect running of calculations after the data load.
- F. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
Correct Answer: A,C 🗳️
You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
- A. Financial
- B. Consolidation
- C. Intercompany
- D. Journal
Correct Answer: B 🗳️
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For your
business process, owners of approval units should be able to lock and unlock data without going.
through an approval process.
Which action should you perform?
- A. Select as owners only users with the Service Administrator or Power User security role.
- B. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
- C. Delete the default Approval Unit hierarchy.
- D. Select the Consolidation template when setting up the Approval Unit hierarchy.
Correct Answer: D 🗳️
Explanation: Only visible for TorrentValid members. You can sign-up / login (it's free).
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