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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Consolidation Rules and Eliminations26%- Consolidation logic and methods
  • 1. Ownership and investment elimination
    • 2. Non-controlling interest calculation
      - Advanced consolidation features
      • 1. Custom consolidation rules and Groovy scripts
        • 2. Currency translation setup and execution
          Topic 2: Application Setup and Configuration28%- Security and user management
          • 1. Dimension security setup
            • 2. Assign roles and access permissions
              - Application creation and configuration
              • 1. Manage dimensions and metadata
                • 2. Enable features like Multi-GAAP, Multi-Currency
                  Topic 3: Data Integration and Reporting22%- Data loading and integration
                  • 1. Data load rules and validation
                    • 2. Integrate with source systems
                      - Reporting and analysis
                      • 1. Design reports and dashboards
                        • 2. Use Financial Reporting Studio
                          Topic 4: Financial Close Management24%- Close process setup
                          • 1. Approval unit hierarchies and workflows
                            • 2. Use EPM Task Manager
                              - Journals and adjustments
                              • 1. Posting and approval processes
                                • 2. Create and manage enterprise journals

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1

                                  If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

                                  • A. The associated Intercompany member must be manually removed.
                                  • B. The alias of the associated Intercompany member must be manually changed.
                                  • C. The alias of the associated Intercompany member is automatically updated.
                                  • D. The associated Intercompany member is automatically removed.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #2

                                  Which two statements are true about the Multi-GAAP feature? (Choose two.)

                                  • A. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
                                  • B. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
                                  • C. Select this option if you need to report your financial statements only in IFRS.
                                  • D. You must specify a prefix for entities that use the alternate gap standard.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B  🗳️

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

                                  Question #3

                                  Which two statements about the Copy Data function are true? (Choose two.)

                                  • A. You can select which Consolidation dimension member to copy.
                                  • B. You can copy data for historical rate and amount overrides.
                                  • C. When you select the Regular Data option, journals data is included.
                                  • D. You cannot select which Account members to copy.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B  🗳️

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

                                  Question #4

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

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

                                  Correct Answer: B,C,D  🗳️

                                  Question #5

                                  For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

                                  • A. Consolidation
                                  • B. Scenario
                                  • C. Data Source
                                  • D. Entity
                                  • E. Year
                                  • F. Period
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,D,E,F  🗳️

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

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