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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1

                                  You are required to create a form to allow users to input dat
                                  a. Which three actions or form components selected should accomplish this?

                                  • A. Set the currency on the form to the reporting currency member USD_Reporting
                                  • B. Level 0 dimension members on POV, rows and columns
                                  • C. Give data input users WRITE access to form dimension members
                                  • D. Set access rights for data input users to the form
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C,D  🗳️

                                  Question #2

                                  What will
                                  Financial Consolidation and Close do when aggregating data for a member that is set as an expense type account to a parent that is set as an income type account?

                                  • A. Subtract amounts aggregated to the parent.
                                  • B. This setting does not affect aggregation to the parent.
                                  • C. Add amounts aggregated to the parent.
                                  • D. You cannot load data to this account.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

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                                  Question #3

                                  For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

                                  • A. Consolidation
                                  • B. Scenario
                                  • C. Year
                                  • D. Entity
                                  • E. Data Source
                                  • F. Period
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C,D,F  🗳️

                                  Explanation: Only visible for Pass4SureQuiz members. You can sign-up / login (it's free).

                                  Question #4

                                  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_SystemTypes
                                  • D. FCCS_No Data Source
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Question #5

                                  Which statement is true of journals created from Recurring templates?

                                  • A. The line items in journals created from Recurring templates are read only.
                                  • B. Journals for recurring templates are created automatically when you open a period for journals.
                                  • C. The initial status of journals created from Recurring templates is Posted.
                                  • D. The initial status of journals created from Recurring templates is Approved.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

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