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Oracle Financial Consolidation and Close 2024 Implementation Professional : 1Z0-1081-24 valid dump torrent
- Exam Code: 1Z0-1081-24
- Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
- Updated: Sep 29, 2026
- Q&As: 173 Questions and Answers
About Oracle Financial Consolidation and Close 2024 Implementation Professional : 1Z0-1081-24 Real Exam
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Analysis | 10% | - Financial reports and Smart View - Report designer and templates - Dashboards and analysis tools |
| Topic 2: Overview and Architecture | 15% | - Navigation and user interface components - Oracle FCCS product overview and key capabilities - Architecture and deployment options |
| Topic 3: Data Management | 20% | - Data loading and integration methods - Journal entries and adjustments - Data maps and data grids - Data quality and validation rules - Intercompany transactions |
| Topic 4: Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Currency and exchange rate configuration - Period and calendar management - Application settings and preferences - Chart of accounts setup |
| Topic 5: Consolidation Processing | 20% | - Non-controlling interests - Consolidation methods and logic - Consolidation run and workflow - Ownership and investment eliminations |
| Topic 6: Security and Administration | 10% | - Security filters and data access controls - System administration tasks - User roles and access management |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question #1
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
- A. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
- B. provide the ability to collaborate during close and analyse transaction detail in real time
- C. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
- D. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
- E. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
Correct Answer: C,E 🗳️
Question #2
Which statement is true of reporting currencies?
- A. All reporting currency members have the suffix Reporting.
- B. During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
- C. All input currencies that you add are automatically added as reporting currencies as well.
- D. When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
Correct Answer: D 🗳️
Explanation: Only visible for Free4Dump members. You can sign-up / login (it's free).
Question #3
Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)
- A. Grid
- B. Chart
- C. Footer
- D. Header
Correct Answer: A,B 🗳️
Explanation: Only visible for Free4Dump members. You can sign-up / login (it's free).
Question #4
Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
- A. The child entity is NOT a shared entity.
- B. Reporting currencies have been defined in the Currency dimension.
- C. The default currency of the child is different from the default currency of the parent.
- D. To specify exchange rates you must set up multiple currencies when creating an application.
Correct Answer: B,C 🗳️
Explanation: Only visible for Free4Dump members. You can sign-up / login (it's free).
Question #5
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. This setting does not affect aggregation to the parent.
- B. Add amounts aggregated to the parent.
- C. Subtract amounts aggregated to the parent.
- D. You cannot load data to this account.
Correct Answer: B 🗳️
Explanation: Only visible for Free4Dump members. You can sign-up / login (it's free).
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