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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 21, 2026
- Q & A: 173 Questions and Answers
About Oracle Financial Consolidation and Close 2024 Implementation Professional : 1Z0-1081-24 Exam
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Close Management | 24% | - Close process setup
|
| Topic 2: Data Integration and Reporting | 22% | - Data loading and integration
|
| Topic 3: Consolidation Rules and Eliminations | 26% | - Advanced consolidation features
|
| Topic 4: Application Setup and Configuration | 28% | - Security and user management
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question #1
Which statement
is true of the default FCCS_ members within an application?
- A. You can change the Data Storage property.
- B. You can change the Alias.
- C. You can change the Name.
- D. You can change the default FCCS_ member prefix at application creation.
Correct Answer: B 🗳️
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Question #2
For which scenario would an On-Demand rule be an appropriate solution?
- A. To allocate data to base entities prior to consolidation
- B. To add a column with a calculation to a report
- C. To perform a custom currency translation for a subset of accounts
- D. To import data into a form or Smart View worksheet
Correct Answer: C 🗳️
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Question #3
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)
- A. Chart
- B. Grid
- C. Footer
- D. Header
Correct Answer: A,B 🗳️
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Question #4
Which two
statements are true of the roll forward calculation in the Movement dimension?
- A. Values for base-level Movement members are calculated as the difference between Closing Balance and
- B. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- C. Values for Opening Balance are retrieved from the prior period Closing Balance.
- D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Correct Answer: C,D 🗳️
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Question #5
For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?
- A. Select the Consolidation template when setting up the Approval Unit hierarchy.
- B. Delete the default Approval Unit hierarchy.
- C. Select users with the Service Administrator security role.
- D. Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
Correct Answer: D 🗳️
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