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Oracle 1Z0-1081-24 : Oracle Financial Consolidation and Close 2024 Implementation Professional
- 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
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration and Reporting | 22% | - Data loading and integration
|
| Topic 2: Financial Close Management | 24% | - Close process setup
|
| Topic 3: Consolidation Rules and Eliminations | 26% | - Consolidation logic and methods
|
| Topic 4: Application Setup and Configuration | 28% | - Application creation and configuration
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question #1
Which two are members in the Consolidation dimension? (Choose two.)
- A. FCCS Proportion
- B. FCCS Total input And Adjusted
- C. FCCS Data Input
- D. FCCS Entity Input
Correct Answer: A,D 🗳️
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Question #2
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. Define system settings such as Organization units, Holiday rules and Task attachment size.
- D. Assign tasks to users.
Correct Answer: B,C 🗳️
Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).
Question #3
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)
- A. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
- B. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
- C. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
- D. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
Correct Answer: A,C 🗳️
Question #4
Where in Data Integration do you specify the default member for the Multi-GAAP dimension?
- A. Options tab of the Application Details dialog box
- B. Execute Integration dialog box
- C. Workbench
- D. Location Attributes section of the Create Integration dialog box
Correct Answer: A 🗳️
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Question #5
Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?
- A. An ownership percentage for the entity other than 100 was entered.
- B. The parent entity has a different currency than the child.
- C. A rate was entered into the FCCS_Rate Override account.
- D. An intercompany elimination was performed.
Correct Answer: D 🗳️
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