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- Exam Code: 1Z0-1081-24
- Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
- Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Overview and Architecture | 15% | - Navigation and user interface components - Oracle FCCS product overview and key capabilities - Architecture and deployment options |
| Topic 2: Consolidation Processing | 20% | - Ownership and investment eliminations - Consolidation run and workflow - Non-controlling interests - Consolidation methods and logic |
| Topic 3: Data Management | 20% | - Journal entries and adjustments - Intercompany transactions - Data maps and data grids - Data quality and validation rules - Data loading and integration methods |
| Topic 4: Configuration and Setup | 25% | - Application settings and preferences - Period and calendar management - Currency and exchange rate configuration - Chart of accounts setup - Entity structure and hierarchy configuration |
| Topic 5: Reporting and Analysis | 10% | - Financial reports and Smart View - Dashboards and analysis tools - Report designer and templates |
| Topic 6: Security and Administration | 10% | - Security filters and data access controls - System administration tasks - User roles and access management |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question #1
Which statement is FALSE about running consolidations?
- A. When you consolidate a parent, children with the Impacted calculation status are also consolidated.
- B. When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.
- C. Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
- D. When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
Correct Answer: D 🗳️
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Question #2
You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?
- A. Create a Configurable Consolidation rule.
- B. Create a Groovy rule.
- C. Create a valid intersection rule.
- D. Create a Task Manager rule.
Correct Answer: B 🗳️
Explanation: Only visible for TorrentValid members. You can sign-up / login (it's free).
Question #3
What are
two important first steps in initially setting up Task Manager?
- A. Create a schedule and set it to Open status.
- B. Set up Users.
- C. Assign tasks to users.
- D. Define system settings such as Organization units, Holiday rules and Task attachment size.
Correct Answer: B,D 🗳️
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Question #4
Which three dimensions can be included in an approval group? (Choose three.)
- A. Account
- B. Scenario
- C. Movement
- D. Entity
- E. Multi-GAAP
Correct Answer: A,B,D 🗳️
Explanation: Only visible for TorrentValid members. You can sign-up / login (it's free).
Question #5
In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?
- A. The current FCCS_CTA account balance does not change from the prior period
- B. Movement of FX impact for historical rate accounts to the FCCS_CTA account
- C. The account is FCCS_Net Income
- D. A variance in the Average rate and the Ending rate
Correct Answer: A 🗳️
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