Oracle Financial Consolidation and Close 2024 Implementation Professional: 1Z0-1081-24 Exam

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  • Updated on: Aug 09, 2026
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  • Updated on: Aug 09, 2026
  • No. of Questions: 173 Questions & Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Data Integration- Data loading and management
  • 1. Data Management / Data Integration workflows
    • 2. Importing and validating data
      Rules and Automation- Business rules and calculation logic
      • 1. Automated consolidation scripts
        • 2. Rule development and validation
          Application Configuration- FCCS application setup and configuration
          • 1. Creating and configuring applications
            • 2. Setting up dimensions (Account, Entity, Scenario, Time, View)
              Close Process Management- Period close activities
              • 1. Validation and review procedures
                • 2. Close process automation
                  Security and Access- User and role management
                  • 1. Access permissions and data restrictions
                    • 2. Security configuration
                      Consolidation Process- Financial consolidation activities
                      • 1. Elimination rules and processing
                        • 2. Currency translation
                          • 3. Ownership and consolidation methods
                            Intercompany Processing- Intercompany transactions
                            • 1. Matching and elimination
                              • 2. Reconciliation processes
                                Journals and Adjustments- Journal management
                                • 1. Adjustment entries and validations
                                  • 2. Creating and posting journals
                                    Reporting and Analysis- Financial reporting
                                    • 1. Financial reports and dashboards
                                      • 2. Smart View reporting integration

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. How is drill-back enabled to Supplemental Data Manager (SDM) from the Supplemental Data member within the Multi-source dimension?

                                        A) Drill-back to SDM is not an available feature.
                                        B) By selecting Track Multi-source Data Input option for Other Data during the application creation process.
                                        C) Drill-back is available from any Multi-source dimension member by default, know the source of the origination data load.
                                        D) By selecting Track Multi-source Data Input option for Supplemental Data during the application creation process.


                                        2. In Data Integration, for what purpose do you use Workbench?

                                        A) To define dimension mapping
                                        B) To review mapping of source to target members
                                        C) To configure data load options
                                        D) To edit the data load file format


                                        3. What is the result of enabling the Calculate Movements system rule?

                                        A) Closing Balance is aggregated from Opening Balance and the current period's movement value.
                                        B) Level 0 movement members become read only in web forms, and must be populated through data load.
                                        C) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
                                        D) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.


                                        4. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
                                        What will be users' default access to members in the Account dimension?

                                        A) None
                                        B) Write
                                        C) Read
                                        D) Comment


                                        5. Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

                                        A) Year, Scenario, Base Entity and Account
                                        B) Period, Scenario, Base Entity and Parent Entity
                                        C) Scenario, View, Parent Entity and Account
                                        D) Scenario, Account, Base Entity and Parent Entity


                                        Solutions:

                                        Question # 1
                                        Answer: C
                                        Question # 2
                                        Answer: B
                                        Question # 3
                                        Answer: A
                                        Question # 4
                                        Answer: C
                                        Question # 5
                                        Answer: B

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