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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Intercompany Processing- Intercompany transactions
  • 1. Matching and elimination
    • 2. Reconciliation processes
      Topic 2: Data Integration- Data loading and management
      • 1. Importing and validating data
        • 2. Data Management / Data Integration workflows
          Topic 3: Consolidation Process- Financial consolidation activities
          • 1. Ownership and consolidation methods
            • 2. Elimination rules and processing
              • 3. Currency translation
                Topic 4: Journals and Adjustments- Journal management
                • 1. Adjustment entries and validations
                  • 2. Creating and posting journals
                    Topic 5: Rules and Automation- Business rules and calculation logic
                    • 1. Automated consolidation scripts
                      • 2. Rule development and validation
                        Topic 6: Close Process Management- Period close activities
                        • 1. Close process automation
                          • 2. Validation and review procedures
                            Topic 7: Reporting and Analysis- Financial reporting
                            • 1. Financial reports and dashboards
                              • 2. Smart View reporting integration
                                Topic 8: Application Configuration- FCCS application setup and configuration
                                • 1. Creating and configuring applications
                                  • 2. Setting up dimensions (Account, Entity, Scenario, Time, View)
                                    Topic 9: Security and Access- User and role management
                                    • 1. Access permissions and data restrictions
                                      • 2. Security configuration

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        Question #1

                                        Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

                                        • A. Load a data file
                                        • B. Import journals
                                        • C. Run a business rule
                                        • D. Export metadata
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

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

                                        Question #2

                                        Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

                                        • A. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
                                        • B. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
                                        • C. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
                                        • D. Calculations, dashboards, and reports to provide analysis for cash flow modeling
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

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

                                        Question #3

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

                                        • A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
                                        • B. Translated values for Closing Balance are adjusted to the ending rate for the period.
                                        • C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
                                        • D. Values for Opening Balance are retrieved from the prior period's Closing Balance.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,D  🗳️

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

                                        Question #4

                                        Which statement is true regarding Data Management categories?

                                        • A. Application mapping is not required if the global mapping target category is exactly correct.
                                        • B. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
                                        • C. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
                                        • D. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Question #5

                                        For which scenario would an On-Demand rule be an appropriate solution?

                                        • A. To perform a custom currency translation for a subset of accounts
                                        • B. To import data into a form or Smart View worksheet
                                        • C. To allocate data to base entities prior to consolidation
                                        • D. To add a column with a calculation to a report
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A  🗳️

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

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