1Z0-1081-24 Quiz Studying Materials: Oracle Financial Consolidation and Close 2024 Implementation Professional - 1Z0-1081-24 Test Torrent & 1Z0-1081-24 Test Bootcamp

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: Sep 08, 2026

Q & A: 173 Questions and Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        Question #1

                                        Which statement
                                        is false regarding establishing security for Financial Consolidation and Close?

                                        • A. The Identity Domain Administrator inherits full access privileges.
                                        • B. Security is mandatory for one dimension.
                                        • C. Security can be disabled for any dimension.
                                        • D. Security can be assigned at a prevent level.
                                        • E. All members are accessible for dimensions with no security applied.
                                        Answer: E

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

                                        Question #2

                                        Which two statements are correct with regard to Data Management locations? (Choose two.)

                                        • A. Data load rules can be shared across locations.
                                        • B. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
                                        • C. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
                                        • D. Locations can share dimension member mappings by specifying a location as a parent location of others.
                                        • E. Locations must specify an import format, which may be used by other locations.
                                        • F. The logic account group is required in order to effect running of calculations after the data load.
                                        Answer: D,E
                                        Question #3

                                        What member of the Currency dimension should be used during data entry for historical override amounts?

                                        • A. Reporting Currencies
                                        • B. Entity Currency
                                        • C. Parent Currency
                                        • D. Input Currencies
                                        Answer: A
                                        Question #4

                                        Which statement
                                        is true of the default FCCS_ members within an application?

                                        • A. You can change the Alias.
                                        • B. You can change the Name.
                                        • C. You can change the Data Storage property.
                                        • D. You can change the default FCCS_ member prefix at application creation.
                                        Answer: A

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

                                        Question #5

                                        If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

                                        • A. The alias of the associated Intercompany member must be manually changed.
                                        • B. The alias of the associated Intercompany member is automatically updated.
                                        • C. The associated Intercompany member is automatically removed.
                                        • D. The associated Intercompany member must be manually removed.
                                        Answer: B

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