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Oracle 1Z0-1081-24

1Z0-1081-24

Exam Code: 1Z0-1081-24

Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional

Updated: Sep 14, 2026

Q & A: 173 Questions and Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1
                                  When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

                                  A. 12-month and 13-month
                                  B. 12-month, 13-month and a 14-month
                                  C. 12-month only
                                  D. Any number of months can be selected


                                  Question #2
                                  When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

                                  A. Consolidation
                                  B. View
                                  C. Account
                                  D. Movement


                                  Question #3
                                  Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

                                  A. FCCS_Elimination
                                  B. FCCS_Proportion
                                  C. FCCS_Contribution
                                  D. FCCS_Amount_Override
                                  E. FCCS_Translation
                                  F. FCCS_Rate Override


                                  Question #4
                                  Financial Consolidation
                                  and Close maintains calculation status for which four dimensions?

                                  A. Consolidation
                                  B. Data Source
                                  C. Scenario
                                  D. Period
                                  E. Entity
                                  F. Year


                                  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 CSV 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 DAT file format.


                                  Solutions:

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

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