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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 |
| Related Certifications: | Oracle Cloud EPM Planning Oracle Cloud EPM Tax Reporting Oracle Cloud EPM Account Reconciliation |
| Available Languages: | English |
| Real Exam Qty: | 55-60 |
| Passing Score: | 65-70% |
| Exam Duration: | 90 minutes |
| Exam Price: | 245 USD (approx.) |
| Exam Format: | Multiple Choice, Multiple Response |
| Certificate Validity Period: | 2 years |
| Recommended Training: | Oracle Cloud EPM Learning Path Oracle University FCCS Implementation Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Overview |
| 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: Data Integration | - Data loading and management
|
| Topic 2: Consolidation Process | - Financial consolidation activities
|
| Topic 3: Reporting and Analysis | - Financial reporting
|
| Topic 4: Intercompany Processing | - Intercompany transactions
|
| Topic 5: Security and Access | - User and role management
|
| Topic 6: Close Process Management | - Period close activities
|
| Topic 7: Journals and Adjustments | - Journal management
|
| Topic 8: Application Configuration | - FCCS application setup and configuration
|
| Topic 9: Rules and Automation | - Business rules and calculation logic
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question 1
When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?
A. Intercompany Account
B. Is Plug Account
C. Plug Account
D. Intercompany Entity
Question 2
For which
three dimensions is security enabled by default?
A. Consolidation
B. Scenario
C. Account
D. Data Source
E. Entity
Question 3
Which two statements are correct with regard to Data Management locations? (Choose two.)
A. Location security allows users to be provisioned in Shared Services for read or modify access to each location.
B. Data load rules can be shared across locations.
C. Locations can share dimension member mappings by specifying a location as a parent location of others.
D. The logic account group is required in order to effect running of calculations after the data load.
E. A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
F. Locations must specify an import format, which may be used by other locations.
Question 4
What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?
A. Store
B. Dynamic Calc and Store
C. No Rate
D. Dynamic
E. Never Share
Question 5
PQR Company has the ownership structure shown above.
If P_2 lends money to H_1, which point of view would the credit balance that offsets P_2's debit balance?
A. Entity P_2, Consolidation FCCS_Contribution, Intercompany H_1
B. Entity Paducah, Consolidation FCCS_Elimination, Intercompany ICP_H_1
C. Entity Paducah, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany. Entity P_2, Consolidation FCCS_Contribution, Intercompany ICP_H_1
D. Entity PQR, Consolidation FCCS_Elimination, Intercompany FCCS_No Intercompany
Solutions:
| Question 1 Answer: C | Question 2 Answer: B,C,E | Question 3 Answer: C,F | Question 4 Answer: A | Question 5 Answer: B |
By Adam
