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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. Assign roles and access permissions
        • 2. Dimension security setup
          Topic 2: Financial Close Management24%- Journals and adjustments
          • 1. Posting and approval processes
            • 2. Create and manage enterprise journals
              - Close process setup
              • 1. Use EPM Task Manager
                • 2. Approval unit hierarchies and workflows
                  Topic 3: Consolidation Rules and Eliminations26%- Advanced consolidation features
                  • 1. Currency translation setup and execution
                    • 2. Custom consolidation rules and Groovy scripts
                      - Consolidation logic and methods
                      • 1. Ownership and investment elimination
                        • 2. Non-controlling interest calculation
                          Topic 4: 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

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

                                  • A. Movement
                                  • B. Consolidation
                                  • C. Account
                                  • D. View
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,D  🗳️

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

                                  Which statement is FALSE when enabling a Multi-GAAP application?

                                  • A. The Multi-GAAP dimension is optional.
                                  • B. The system automatically creates an FCCS_IFRS member.
                                  • C. Two custom dimensions are available after enabling Multi-GAAP.
                                  • D. Additional GAAP adjustment can be created.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Changes in the balance of Accounts Payable are captured on a company's Cash Flow Report.
                                  Which two dimension members must be built into the row of the company's Cash Flow to report the impact of Accounts Payable? (Choose two.)

                                  • A. FCCS_CashChange movement member
                                  • B. FCCS_CashFlow_Operating movement member
                                  • C. FCCS_Accounts Payable account member
                                  • D. FCCS_CashFlow_Accounts Payable account member
                                  • E. FCCS_Total Balance Sheet - Cash and NonCash account member
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D,E  🗳️

                                  A company has two subsidiaries with 1000 EURO each in the Cash account.
                                  Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)

                                  • A. FCCS_Contribution
                                  • B. FCCS_Entity Consolidation
                                  • C. FCCS_Elimination
                                  • D. FCCS_Entity Total
                                  • E. FCCS_Proportion
                                  • F. FCCS_Entity Input
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B,D,F  🗳️

                                  You are
                                  required to create a form that allows users to input dat
                                  a. Which three actions are consistent with this?

                                  • A. Set the currency on the form to Parent Currency.
                                  • B. In the member selection for Entity, do not include shared entities, include only primary instances of entities.
                                  • C. Grant the data input users WRITE access to the dimension members used on the form.
                                  • D. Set the consolidation member on the form to FCCS_Entity Input.
                                  • E. Select level 0 dimension members for the POV, rows, and columns.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C,D,E  🗳️

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