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Oracle Financial Consolidation and Close 2024 Implementation Professional: 1Z0-1081-24 Exam
"Oracle Financial Consolidation and Close 2024 Implementation Professional", also known as 1Z0-1081-24 exam, is a Oracle Certification. With the complete collection of questions and answers, BraindumpsPass has assembled to take you through 173 Q&As to your 1Z0-1081-24 Exam preparation. In the 1Z0-1081-24 exam resources, you will cover every field and category in Oracle Cloud Certification helping to ready you for your successful Oracle Certification.
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Consolidation Processing | 20% | - Ownership and investment eliminations - Non-controlling interests - Consolidation methods and logic - Consolidation run and workflow |
| Overview and Architecture | 15% | - Navigation and user interface components - Architecture and deployment options - Oracle FCCS product overview and key capabilities |
| Security and Administration | 10% | - System administration tasks - Security filters and data access controls - User roles and access management |
| Reporting and Analysis | 10% | - Report designer and templates - Dashboards and analysis tools - Financial reports and Smart View |
| Data Management | 20% | - Intercompany transactions - Data loading and integration methods - Journal entries and adjustments - Data quality and validation rules - Data maps and data grids |
| Configuration and Setup | 25% | - Application settings and preferences - Currency and exchange rate configuration - Chart of accounts setup - Entity structure and hierarchy configuration - Period and calendar management |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
For which scenario would an On-Demand rule be an appropriate solution?
- A. To perform a custom currency translation for a subset of accounts
- B. To import data into a form or Smart View worksheet
- C. To allocate data to base entities prior to consolidation
- D. To add a column with a calculation to a report
Correct Answer: A 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
Which two
statements are true of the roll forward calculation in the Movement dimension?
- A. Values for Opening Balance are retrieved from the prior period Closing Balance.
- B. Values for base-level Movement members are calculated as the difference between Closing Balance and
- C. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Correct Answer: A,D 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
- A. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
- B. Values for Opening Balance are retrieved from the prior period's Closing Balance.
- C. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
- D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Correct Answer: B,D 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?
- A. you can't load data to this account
- B. subtract amounts consolidated to the parent
- C. this setting will not affect additions or subtractions to the next parent
- D. add amounts consolidated to the parent
Correct Answer: B 🗳️
Which of the following is allowed for accounts with the data storage type of Dynamic Calc?
- A. Enter data through a data form.
- B. Load data to this account and create member formulas.
- C. Create member formulas.
- D. Load data to this account.
Correct Answer: C 🗳️
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