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

1Z0-1081-24
  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Aug 10, 2026
  • Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Consolidation Rules and Eliminations26%- Advanced consolidation features
  • 1. Currency translation setup and execution
    • 2. Custom consolidation rules and Groovy scripts
      - Consolidation logic and methods
      • 1. Non-controlling interest calculation
        • 2. Ownership and investment elimination
          Financial Close Management24%- Close process setup
          • 1. Use EPM Task Manager
            • 2. Approval unit hierarchies and workflows
              - Journals and adjustments
              • 1. Posting and approval processes
                • 2. Create and manage enterprise journals
                  Data Integration and Reporting22%- Data loading and integration
                  • 1. Data load rules and validation
                    • 2. Integrate with source systems
                      - Reporting and analysis
                      • 1. Use Financial Reporting Studio
                        • 2. Design reports and dashboards
                          Application Setup and Configuration28%- Application creation and configuration
                          • 1. Enable features like Multi-GAAP, Multi-Currency
                            • 2. Manage dimensions and metadata
                              - Security and user management
                              • 1. Assign roles and access permissions
                                • 2. Dimension security setup

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  1. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
                                  What is the most efficient means to accomplish this?

                                  A) Create a Task Manager rule.
                                  B) Create a Groovy rule.
                                  C) Create a Configurable Consolidation rule.
                                  D) Create a valid intersection rule.


                                  2. You need
                                  to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
                                  Where on the form do you place the Entity dimension?

                                  A) rows
                                  B) the Page Axis
                                  C) the Point of View
                                  D) columns


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

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


                                  4. When do you enable submission phases for your approval process?

                                  A) When you set up the approval unit hierarchy
                                  B) When you set the member properties for the entity
                                  C) When you assign the approval unit hierarchy to a scenario, period, and year
                                  D) When you start the approval process for an approval unit on the Manage Approvals page


                                  5. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

                                  A) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
                                  B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
                                  C) Translated values for Closing Balance are adjusted to the ending rate for the period.
                                  D) Values for Opening Balance are retrieved from the prior period's Closing Balance.


                                  Solutions:

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

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