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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Overview and Architecture | 15% | - Architecture and deployment options - Oracle FCCS product overview and key capabilities - Navigation and user interface components |
| Consolidation Processing | 20% | - Non-controlling interests - Ownership and investment eliminations - Consolidation run and workflow - Consolidation methods and logic |
| Data Management | 20% | - Data quality and validation rules - Data maps and data grids - Journal entries and adjustments - Intercompany transactions - Data loading and integration methods |
| Configuration and Setup | 25% | - Period and calendar management - Chart of accounts setup - Entity structure and hierarchy configuration - Application settings and preferences - Currency and exchange rate configuration |
| Reporting and Analysis | 10% | - Financial reports and Smart View - Dashboards and analysis tools - Report designer and templates |
| 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:
What action requires refreshing the database?
- A. You deploy a new Configurable Calculation rule in Calculation Manager.
- B. You edit the Consolidation Operator for a member in the Account dimension.
- C. You change the ownership percentage for an entity.
- D. You edit the alias for a member in the Entity dimension.
Correct Answer: D 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
What member of the Currency dimension should be used during data entry for historical override amounts?
- A. Entity Currency
- B. Parent Currency
- C. Input Currencies
- D. Reporting Currencies
Correct Answer: D 🗳️
Which statement correctly describes the Consolidation dimension?
- A. The dimension allows users to see input versus journal adjustment data.
- B. The dimension contains members to store non-controlling interest and joint venture data.
- C. The dimension uses a separate member for data from an entity's level-zero descendants.
- D. The dimension allows users to view data in the parent currency.
Correct Answer: C 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
- A. load data to this account
- B. Member Formulas cannot be created
- C. load data to this account and make member formulas
- D. create Member Formulas
Correct Answer: C,D 🗳️
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. Translated values for Closing Balance are adjusted to the ending rate for the period.
- D. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
Correct Answer: B,C 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
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