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Oracle 1Z0-1081-24 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financial Consolidation and Close 2024 Implementation Professional |
| Exam Number: | 1Z0-1081-24 |
| Exam Price: | $245 USD |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Certificate Validity Period: | 2 years |
| Related Certifications: | Oracle Financial Consolidation and Close 2024 Certified Implementation Specialist |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 70 |
| Sample Questions: | Oracle 1Z0-1081-24 Sample Questions |
| Exam Way: | Online proctored or testing center |
| Pre Condition: | Recommended: Experience with Oracle FCCS implementation and financial consolidation processes |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-2024-implementation-professional/ |
Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Security and Administration | 10% | - User roles and access management - Security filters and data access controls - System administration tasks |
| Data Management | 20% | - Data loading and integration methods - Data quality and validation rules - Journal entries and adjustments - Intercompany transactions - Data maps and data grids |
| Reporting and Analysis | 10% | - Dashboards and analysis tools - Report designer and templates - Financial reports and Smart View |
| Overview and Architecture | 15% | - Architecture and deployment options - Oracle FCCS product overview and key capabilities - Navigation and user interface components |
| Consolidation Processing | 20% | - Ownership and investment eliminations - Consolidation run and workflow - Non-controlling interests - Consolidation methods and logic |
| Configuration and Setup | 25% | - Chart of accounts setup - Entity structure and hierarchy configuration - Currency and exchange rate configuration - Period and calendar management - Application settings and preferences |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?
A) The alias of the associated Intercompany member is automatically updated.
B) The associated Intercompany member must be manually removed.
C) The associated Intercompany member is automatically removed.
D) The alias of the associated Intercompany member must be manually changed.
2. Which statement correctly describes what happens to parent entities during consolidation?
A) The changes in the relational database are synced to the underlying Essbase cube.
B) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
C) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
D) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
3. A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal? (Choose three.)
A) Add custom Movement members to the FCCS_CashFlow hierarchy.
B) Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals
C) Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.
D) Load detailed Fixed Asset data to Movement members.
E) Create a Roll Forward in the account dimension.
4. Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?
A) Select Import, then Actions, and then Data
B) Select Application, then Overview, then Actions, and then Import Data
C) Select Application, then Overview, then Data, and then Export
D) Select Dimensions, then Actions, and then Import Data
5. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)
A) Chart
B) Footer
C) Grid
D) Header
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B,C,D | Question # 4 Answer: B | Question # 5 Answer: A,C |
By Adam
