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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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- Exam Code: 1Z0-1081-24
- Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
- Certification Provider: Oracle
- Corresponding Certification: Oracle Cloud
- Updated: Sep 22, 2026
- No. of Questions: 173 Questions & Answers with Testing Engine
- Download Limit: Unlimited
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Data Management | 20% | - Data quality and validation rules - Journal entries and adjustments - Intercompany transactions - Data maps and data grids - Data loading and integration methods |
| Consolidation Processing | 20% | - Consolidation methods and logic - Consolidation run and workflow - Ownership and investment eliminations - Non-controlling interests |
| Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Currency and exchange rate configuration - Chart of accounts setup - Period and calendar management - Application settings and preferences |
| Security and Administration | 10% | - System administration tasks - Security filters and data access controls - User roles and access management |
| Overview and Architecture | 15% | - Architecture and deployment options - Navigation and user interface components - Oracle FCCS product overview and key capabilities |
| Reporting and Analysis | 10% | - Report designer and templates - Dashboards and analysis tools - Financial reports and Smart View |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Which explains why the Currency dimension does NOT display in your application?
- A. Security access to the Multi-GAAP dimension is required
- B. Entity-specific security rights were not properly granted
- C. Security has not been granted
- D. Multi-Currency option was not selected at application creation
Correct Answer: D 🗳️
When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?
- A. Grid
- B. Chart
- C. Header
- D. Image
Correct Answer: A,B 🗳️
Explanation: Only visible for BraindumpsPass members. You can sign-up / login (it's free).
Which statement is true about an approval process with the Phase Dependency option enabled?
- A. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
- B. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
- C. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
- D. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
Correct Answer: D 🗳️
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Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?
- A. Data source, Consolidation, View
- B. Value, Entity, Account
- C. Multi-GAAP, Data Type, Intra-company
- D. From Currency, Movement, Scenario
- E. Period, Year, Entity
Correct Answer: E 🗳️
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- C. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- D. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Correct Answer: A 🗳️
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