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Oracle 1Z0-1081-24 : 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 22, 2026

Q & A: 173 Questions and Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Application Setup and Configuration28%- Application creation and configuration
  • 1. Enable features like Multi-GAAP, Multi-Currency
    • 2. Manage dimensions and metadata
      - Security and user management
      • 1. Assign roles and access permissions
        • 2. Dimension security setup
          Topic 2: Financial Close Management24%- Close process setup
          • 1. Use EPM Task Manager
            • 2. Approval unit hierarchies and workflows
              - Journals and adjustments
              • 1. Posting and approval processes
                • 2. Create and manage enterprise journals
                  Topic 3: Consolidation Rules and Eliminations26%- Advanced consolidation features
                  • 1. Currency translation setup and execution
                    • 2. Custom consolidation rules and Groovy scripts
                      - Consolidation logic and methods
                      • 1. Non-controlling interest calculation
                        • 2. Ownership and investment elimination
                          Topic 4: Data Integration and Reporting22%- Data loading and integration
                          • 1. Data load rules and validation
                            • 2. Integrate with source systems
                              - Reporting and analysis
                              • 1. Design reports and dashboards
                                • 2. Use Financial Reporting Studio

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1
                                  To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

                                  A. Period
                                  B. Period, Year, and View
                                  C. Period and Year
                                  D. View


                                  Question #2
                                  Which item describes the use for the Currency dimension property Triangulation Currency?

                                  A. The ability to calculate CTA (Cumulative Translation Adjustment)
                                  B. The ability to force translations
                                  C. The ability to input foreign exchange rates
                                  D. The ability to report in multiple currencies
                                  E. The ability to calculate foreign exchange rates


                                  Question #3
                                  How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

                                  A. Drill-back to SDM is not an available feature.
                                  B. Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
                                  C. By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.
                                  D. By selecting Track Multi-source Data Input option for Other Data during the application creation process.


                                  Question #4
                                  To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?

                                  A. System Administrator
                                  B. Metadata Administrator
                                  C. Power User
                                  D. Metadata Supervisor


                                  Question #5
                                  Which statement accurately describes alternate hierarchies?

                                  A. Contribution to parent members are similar
                                  B. Data must be entered multiple times for shared members
                                  C. Parent members having the same currency
                                  D. Single entities having multiple parents


                                  Solutions:

                                  Question #1
                                  Correct Answer: B
                                  Question #2
                                  Correct Answer: E
                                  Question #3
                                  Correct Answer: B
                                  Question #4
                                  Correct Answer: B
                                  Question #5
                                  Correct Answer: D

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