Oracle 1Z0-1081-24 Valid Q&A - in .pdf

  • 1Z0-1081-24 pdf
  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Sep 08, 2026
  • Q & A: 173 Questions and Answers
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  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
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  • Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Reporting and Analysis10%- Report designer and templates
- Financial reports and Smart View
- Dashboards and analysis tools
Topic 2: Security and Administration10%- System administration tasks
- User roles and access management
- Security filters and data access controls
Topic 3: Consolidation Processing20%- Ownership and investment eliminations
- Non-controlling interests
- Consolidation run and workflow
- Consolidation methods and logic
Topic 4: Configuration and Setup25%- Application settings and preferences
- Chart of accounts setup
- Entity structure and hierarchy configuration
- Currency and exchange rate configuration
- Period and calendar management
Topic 5: Overview and Architecture15%- Architecture and deployment options
- Navigation and user interface components
- Oracle FCCS product overview and key capabilities
Topic 6: Data Management20%- Intercompany transactions
- Data quality and validation rules
- Journal entries and adjustments
- Data loading and integration methods
- Data maps and data grids

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question 1

Which statement correctly describes what happens to parent entities during consolidation?

A. Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
B. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
C. The changes in the relational database are synced to the underlying Essbase cube.
D. For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.


Question 2

Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A. The Cash Change hierarchy cannot be modified.
B. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.
C. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.
D. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.
E. Siblings can be added to the FCCS_CashFlow_Investing member.
F. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.


Question 3

A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?

A. Activate the Connection.
B. Disconnect from the Smart View connection, and relog in.
C. Close out of Excel, and relog in to Smart View.
D. Change one of the Row or Column dimension members and click Refresh.


Question 4

What is true about Opening Balance Override rules in Oracle Financial Consolidation and Close?

A. Opening Balance Override rules execute for the first period in the year only.
B. You can select which entities to include in the rule scope.
C. They are available only if Intercompany Data with Tracking is enabled for the business process.
D. You can select which accounts to include in the rule scope.


Question 5

What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

A. The data export format / file extension is always extracted in a XLS file format.
B. The data export format / file extension is always extracted in a DAT file format.
C. The data export format / file extension is always extracted in a ZIP file format.
D. The data export format / file extension is always extracted in a CSV file format.


Solutions:

Question 1
Answer: A
Question 2
Answer: B,C,E,F
Question 3
Answer: D
Question 4
Answer: A
Question 5
Answer: D

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