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

1Z0-1081-24 pass collection

Exam Code: 1Z0-1081-24

Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional

Updated: Sep 26, 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%- Application creation and configuration
  • 1. Manage dimensions and metadata
    • 2. Enable features like Multi-GAAP, Multi-Currency
      - Security and user management
      • 1. Dimension security setup
        • 2. Assign roles and access permissions
          Topic 2: Data Integration and Reporting22%- Reporting and analysis
          • 1. Design reports and dashboards
            • 2. Use Financial Reporting Studio
              - Data loading and integration
              • 1. Data load rules and validation
                • 2. Integrate with source systems
                  Topic 3: Consolidation Rules and Eliminations26%- Consolidation logic and methods
                  • 1. Non-controlling interest calculation
                    • 2. Ownership and investment elimination
                      - Advanced consolidation features
                      • 1. Currency translation setup and execution
                        • 2. Custom consolidation rules and Groovy scripts
                          Topic 4: Financial Close Management24%- Close process setup
                          • 1. Use EPM Task Manager
                            • 2. Approval unit hierarchies and workflows
                              - Journals and adjustments
                              • 1. Create and manage enterprise journals
                                • 2. Posting and approval processes

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1

                                  Which is true behavior of default FCCS_ members within an application?

                                  • A. You can change the Alias of these default FCCS_ members at any time.
                                  • B. You can change the default FCCS_ member prefix at application creation.
                                  • C. You can change the Name of these default FCCS_ members at any time.
                                  • D. You cannot change the Alias of these default FCCS_ members.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #2

                                  Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

                                  • A. Retrieve data
                                  • B. Submit data
                                  • C. Run a rule such as Consolidate or Translate
                                  • D. Adjust data with Journals
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B,C  🗳️

                                  Question #3

                                  For which task categories is Audit enabled by default?

                                  • A. Data only
                                  • B. No task categories
                                  • C. All task categories
                                  • D. Journals
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).

                                  Question #4

                                  You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?

                                  • A. The new task will run outside of the schedule end date.
                                  • B. The schedule end date changes to match the end date of the task.
                                  • C. An error, you can't add a new task past the due date.
                                  • D. The task will not run.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).

                                  Question #5

                                  Which statement
                                  about the Equity Pickup feature is FALSE?

                                  • A. Equity Pickup rules run as part of the consolidation process.
                                  • B. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
                                  • C. Seeded rule-sets are provided for Equity Pickup.
                                  • D. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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