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

  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Aug 09, 2026
  • Q & A: 173 Questions and Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

                                        A) An error, you can't add a new task past the due date.
                                        B) The task will not run.
                                        C) The schedule end date changes to match the end date of the task.
                                        D) The new task will run outside of the schedule end date.


                                        2. What is the correct Currency dimension member to select when running an Intercompany Matching Report?

                                        A) Reporting Currency
                                        B) Entity Currency
                                        C) Parent Currency
                                        D) Input Currency


                                        3. Which explains why the Currency dimension does NOT display in your application?

                                        A) Multi-Currency option was not selected at application creation
                                        B) Entity-specific security rights were not properly granted
                                        C) Security access to the Multi-GAAP dimension is required
                                        D) Security has not been granted


                                        4. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

                                        A) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
                                        B) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
                                        C) You can include Data Management artifacts in the clone.
                                        D) You can include the inbox and outbox contents in the clone.


                                        5. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

                                        A) Create member formulas.
                                        B) Load data to this account and create member formulas.
                                        C) Enter data through a data form.
                                        D) Load data to this account.


                                        Solutions:

                                        Question # 1
                                        Answer: C
                                        Question # 2
                                        Answer: A
                                        Question # 3
                                        Answer: A
                                        Question # 4
                                        Answer: A
                                        Question # 5
                                        Answer: A

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