1Z0-1081-24 exam dumps

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  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • No. of Questions: 173 Questions and Answers
  • Updated: Oct 02, 2026

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Consolidation Processing20%- Non-controlling interests
- Consolidation methods and logic
- Consolidation run and workflow
- Ownership and investment eliminations
Topic 2: Reporting and Analysis10%- Financial reports and Smart View
- Report designer and templates
- Dashboards and analysis tools
Topic 3: Configuration and Setup25%- Application settings and preferences
- Entity structure and hierarchy configuration
- Currency and exchange rate configuration
- Period and calendar management
- Chart of accounts setup
Topic 4: Data Management20%- Intercompany transactions
- Data loading and integration methods
- Journal entries and adjustments
- Data maps and data grids
- Data quality and validation rules
Topic 5: Security and Administration10%- System administration tasks
- User roles and access management
- Security filters and data access controls
Topic 6: Overview and Architecture15%- Oracle FCCS product overview and key capabilities
- Navigation and user interface components
- Architecture and deployment options

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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  🗳️

Which statement correctly describes what happens to parent entities during consolidation?

  • A. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.
  • B. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.
  • C. The changes in the relational database are synced to the underlying Essbase cube.
  • D. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Which two statements are true regarding the Copy Data function?

  • A. You can copy data for historical rate and amount overrides.
  • B. When you select the Regular Data option, journals data is included.
  • C. You cannot select which Account members to copy.
  • D. You can select which Consolidation dimension member to copy.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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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. Values for Opening Balance are retrieved from the prior period's Closing Balance.
  • C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
  • D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Explanation: Only visible for Actual4Labs members. You can sign-up / login (it's free).

Which three scenarios result in foreign currency translation during the default consolidation process?

  • A. A parent entity has a different default currency than its parent.
  • B. A parent entity has the same default currency as its parent.
  • C. A base entity has a different default currency than its parent.
  • D. A base entity has the same default currency as its parent.
  • E. A shared entity has a different default currency than its parent
Reveal Solution  Discussion  0

Correct Answer: A,C,E  🗳️

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