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

1Z0-1081-24 real exams

Exam Code: 1Z0-1081-24

Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional

Updated: Oct 01, 2026

Q & A: 173 Questions and Answers

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1Z0-1081-24 exam dumps

Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Data Integration and Reporting22%- Data loading and integration
  • 1. Data load rules and validation
    • 2. Integrate with source systems
      - Reporting and analysis
      • 1. Use Financial Reporting Studio
        • 2. Design reports and dashboards
          Topic 2: Application Setup and Configuration28%- Security and user management
          • 1. Dimension security setup
            • 2. Assign roles and access permissions
              - Application creation and configuration
              • 1. Manage dimensions and metadata
                • 2. Enable features like Multi-GAAP, Multi-Currency
                  Topic 3: 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 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 two statements about the Copy Data function are true? (Choose two.)

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

                                  Correct Answer: B,C  🗳️

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

                                  Question #2

                                  When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
                                  WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
                                  ELSE 'SALES'
                                  Which statement is True?

                                  • A. The script will work if the script is referenced in the In mapping type with #SQL as the target.
                                  • B. The script will not work since the UD5 member referenced does not start with FCCS_
                                  • C. The script will not work since Data Management does not support scripting.
                                  • D. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
                                  • E. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Question #3

                                  Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
                                  What will be users' default access to members in the Account dimension?

                                  • A. Comment
                                  • B. None
                                  • C. Write
                                  • D. Read
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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

                                  Question #4

                                  To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

                                  • A. Period, Year, and View
                                  • B. Period
                                  • C. Period and Year
                                  • D. View
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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

                                  Question #5

                                  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 default FCCS_ member prefix at application creation.
                                  • D. You can change the Data Storage property.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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

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