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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 |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice |
| Exam Price: | $245 USD |
| Real Exam Qty: | 70 |
| Certificate Validity Period: | 2 years |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Related Certifications: | Oracle Financial Consolidation and Close 2024 Certified Implementation Specialist |
| Sample Questions: | Oracle 1Z0-1081-24 Sample Questions |
| Exam Way: | Online proctored or testing center |
| Pre Condition: | Recommended: Experience with Oracle FCCS implementation and financial consolidation processes |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-2024-implementation-professional/ |
Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Security and Administration | 10% | - User roles and access management - Security filters and data access controls - System administration tasks |
| Topic 2: Reporting and Analysis | 10% | - Financial reports and Smart View - Dashboards and analysis tools - Report designer and templates |
| Topic 3: Data Management | 20% | - Data maps and data grids - Data loading and integration methods - Data quality and validation rules - Intercompany transactions - Journal entries and adjustments |
| Topic 4: Overview and Architecture | 15% | - Oracle FCCS product overview and key capabilities - Navigation and user interface components - Architecture and deployment options |
| Topic 5: Consolidation Processing | 20% | - Consolidation methods and logic - Consolidation run and workflow - Ownership and investment eliminations - Non-controlling interests |
| Topic 6: Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Chart of accounts setup - Currency and exchange rate configuration - Period and calendar management - Application settings and preferences |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. Which two statements about the Copy Data function are true? (Choose two.)
A) When you select the Regular Data option, journals data is included.
B) You can select which Consolidation dimension member to copy.
C) You can copy data for historical rate and amount overrides.
D) You cannot select which Account members to copy.
2. How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?
A) During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.
B) Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.
C) Enable a dimension for Currency after application creation via a Metadata load.
D) During application creation, select the Multicurrency option of "Yes".
3. What is
the function of Source Mapping in Data Management?
A) Define the close calendar periods.
B) Map local dimension members to the application dimension members.
C) Defined the input currency for each data source supplying data to the application.
D) Manage source periods in relation to global periods.
4. You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
A) Journal
B) Intercompany
C) Consolidation
D) Financial
5. Once metadata
is updated and the database refresh has completed successfully, how will the status for all entities be listed via the default Data Status grid?
A) Need Translate
B) OK
C) System Changed (SC)
D) Impacted
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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