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Oracle 1Z0-1081-24 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financial Consolidation and Close 2024 Implementation Professional |
| Exam Number: | 1Z0-1081-24 |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | 2 years |
| Passing Score: | 65-70% |
| Available Languages: | English |
| Exam Price: | 245 USD (approx.) |
| Real Exam Qty: | 55-60 |
| Related Certifications: | Oracle Cloud EPM Planning Oracle Cloud EPM Account Reconciliation Oracle Cloud EPM Tax Reporting |
| Exam Format: | Multiple Choice, Multiple Response |
| Recommended Training: | Oracle Cloud EPM Learning Path Oracle University FCCS Implementation Training |
| Exam Registration: | Oracle Certification Overview Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-1081-24 Sample Questions |
| Exam Way: | Online proctored or test center via Pearson VUE |
| Pre Condition: | Recommended experience with Oracle Cloud EPM Financial Consolidation and Close implementation or equivalent foundational knowledge in financial consolidation systems. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Consolidation Process | - Financial consolidation activities
|
| Topic 2: Close Process Management | - Period close activities
|
| Topic 3: Application Configuration | - FCCS application setup and configuration
|
| Topic 4: Rules and Automation | - Business rules and calculation logic
|
| Topic 5: Data Integration | - Data loading and management
|
| Topic 6: Journals and Adjustments | - Journal management
|
| Topic 7: Intercompany Processing | - Intercompany transactions
|
| Topic 8: Security and Access | - User and role management
|
| Topic 9: Reporting and Analysis | - Financial reporting
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)
A) DAT file type
B) Tab delimited
C) Excel XLS file type
D) Comma delimited
2. How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?
A) by selecting Dimension, then Import, and then Metadata
B) by selecting Application, then Overview, then Dimensions, and then Import
C) by selecting Tasks, then Metadata, and then Import
D) by selecting Application, then Overview, then Dimensions, and then Export
3. If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
A) The FCCS_No Intercompany member of the ICP dimension is used for all data.
B) Data can be stored by intercompany partner but no eliminations will occur.
C) An extra custom dimension is available.
D) The ICP dimension is omitted.
4. What is
the function of Source Mapping in Data Management?
A) Map local dimension members to the application dimension members.
B) Defined the input currency for each data source supplying data to the application.
C) Define the close calendar periods.
D) Manage source periods in relation to global periods.
5. PQR Company has the ownership structure shown above.
If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?
A) Lowest common denominator
B) First order relation
C) Generation 0
D) First common parent
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
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