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 28, 2026
  • Q & A: 173 Questions and Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:
SectionObjectives
Topic 1: Journals and Adjustments- Journal management
  • 1. Adjustment entries and validations
    • 2. Creating and posting journals
      Topic 2: Intercompany Processing- Intercompany transactions
      • 1. Matching and elimination
        • 2. Reconciliation processes
          Topic 3: Consolidation Process- Financial consolidation activities
          • 1. Ownership and consolidation methods
            • 2. Currency translation
              • 3. Elimination rules and processing
                Topic 4: Rules and Automation- Business rules and calculation logic
                • 1. Rule development and validation
                  • 2. Automated consolidation scripts
                    Topic 5: Close Process Management- Period close activities
                    • 1. Close process automation
                      • 2. Validation and review procedures
                        Topic 6: Reporting and Analysis- Financial reporting
                        • 1. Financial reports and dashboards
                          • 2. Smart View reporting integration
                            Topic 7: Application Configuration- FCCS application setup and configuration
                            • 1. Setting up dimensions (Account, Entity, Scenario, Time, View)
                              • 2. Creating and configuring applications
                                Topic 8: Data Integration- Data loading and management
                                • 1. Data Management / Data Integration workflows
                                  • 2. Importing and validating data
                                    Topic 9: Security and Access- User and role management
                                    • 1. Security configuration
                                      • 2. Access permissions and data restrictions
                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. Which statement is FALSE about the Equity Pickup feature?

                                        A) Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
                                        B) Equity Pickup rules are run on demand from the Rules card by users with launch permission.
                                        C) Equity Pickup rules run as part of the consolidation process
                                        D) Seeded rule sets are provided for Equity Pickup.


                                        2. Which three fields must be defined when registering a file-based source system in Data Management? (Choose three.)

                                        A) Name
                                        B) Description
                                        C) Cloud Type
                                        D) Source Type
                                        E) Drill URL


                                        3. Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
                                        Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?

                                        A) P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
                                        B) P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
                                        C) P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
                                        D) P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.


                                        4. Which statement is true regarding Data Management categories?

                                        A) Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab
                                        B) Application mapping is not required if the global mapping target category is exactly correct.
                                        C) The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.
                                        D) Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.


                                        5. Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

                                        A) FCCS_Proportion
                                        B) FCCS_Data Input
                                        C) FCCS_No Data Source
                                        D) FCCS_SystemTypes


                                        Solutions:

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

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