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

  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Sep 23, 2026     Q & A: 173 Questions and Answers

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Following are some reference material for actual Oracle 1Z0-1081-24 exam test

Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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. Dimension security setup
        • 2. Assign roles and access permissions
          Topic 2: Consolidation Rules and Eliminations26%- Advanced consolidation features
          • 1. Custom consolidation rules and Groovy scripts
            • 2. Currency translation setup and execution
              - Consolidation logic and methods
              • 1. Ownership and investment elimination
                • 2. Non-controlling interest calculation
                  Topic 3: Data Integration and Reporting22%- Data loading and integration
                  • 1. Integrate with source systems
                    • 2. Data load rules and validation
                      - Reporting and analysis
                      • 1. Use Financial Reporting Studio
                        • 2. Design reports and dashboards
                          Topic 4: Financial Close Management24%- Journals and adjustments
                          • 1. Posting and approval processes
                            • 2. Create and manage enterprise journals
                              - Close process setup
                              • 1. Use EPM Task Manager
                                • 2. Approval unit hierarchies and workflows

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1

                                  Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

                                  • A. Select Application, then Overview, then Data, and then Export
                                  • B. Select Dimensions, then Actions, and then Import Data
                                  • C. Select Application, then Overview, then Actions, and then Import Data
                                  • D. Select Import, then Actions, and then Data
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #2

                                  Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

                                  • A. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.
                                  • B. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
                                  • C. Siblings can be added to the FCCS_CashFlow_Investing member.
                                  • D. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
                                  • E. The Cash Change hierarchy cannot be modified.
                                  • F. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B,C,D  🗳️

                                  Question #3

                                  You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
                                  Where on the form do you define the View dimension and select the correct member?

                                  • A. Other Options section
                                  • B. a column
                                  • C. the Page Axis
                                  • D. the Point of View
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #4

                                  Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

                                  • A. If a shared member is selected for a rule, the primary instance of the member is selected as well.
                                  • B. Selecting the primary instance of a member does not include shared members.
                                  • C. If the primary instance of the member is selected for a rule, all shared members for the instances are included.
                                  • D. Selecting a shared member for a rule does not include its primary instance.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C,D  🗳️

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                                  Question #5

                                  Which four sample ratios can be created during the application creation process? (Choose four.)

                                  • A. Inventory Ratios
                                  • B. Gross Margin
                                  • C. Contribution Margin
                                  • D. Earnings per Share
                                  • E. Debt Ratio
                                  • F. Days Sales in Receivables
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B,E,F  🗳️

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