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

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

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. Which two statements are true about Enterprise Journals? (Choose two.)

                                        A) You can assign a team as preparer or reviewer.
                                        B) You cannot deploy Enterprise Journals to a period with Pending status.
                                        C) Line items can only include entities that have been enabled for Enterprise Journals.
                                        D) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.


                                        2. For which task categories is Audit enabled by default?

                                        A) Journals
                                        B) All task categories
                                        C) Data only
                                        D) No task categories


                                        3. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

                                        A) Grid
                                        B) Header
                                        C) Footer
                                        D) Chart


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


                                        5. You are
                                        required to create a form that allows users to input dat
                                        a. Which three actions are consistent with this?

                                        A) Select level 0 dimension members for the POV, rows, and columns.
                                        B) Grant the data input users WRITE access to the dimension members used on the form.
                                        C) In the member selection for Entity, do not include shared entities, include only primary instances of entities.
                                        D) Set the currency on the form to Parent Currency.
                                        E) Set the consolidation member on the form to FCCS_Entity Input.


                                        Solutions:

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

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