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Not sure FreeCram is right for your 1Z0-1081-24 preparation? Download the free Oracle Financial Consolidation and Close 2024 Implementation Professional PDF demo and judge the quality of our 173 practice questions before you spend a cent.

Oracle 1Z0-1081-24 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financial Consolidation and Close 2024 Implementation Professional
Exam Number:1Z0-1081-24
Certificate Validity Period:18 months
Available Languages:English
Passing Score:68%
Related Certifications:Oracle Financial Consolidation and Close 2025 Implementation Professional
Exam Duration:90 minutes
Real Exam Qty:55
Exam Format:Multiple Choice, Scenario-based
Exam Price:$245 USD
Recommended Training:Become a Certified FCC Implementer
Exam Registration:Oracle University
Pearson VUE
Sample Questions:Oracle 1Z0-1081-24 Sample Questions
Exam Way:Online proctored or Pearson VUE testing center
Pre Condition:No mandatory prerequisites; recommended experience in financial consolidation processes and Oracle EPM implementation
Official Syllabus URL:https://education.oracle.com/oracle-financial-consolidation-and-close-2024-implementation-professional/pexam_1Z0-1081-24

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 1Z0-1081-24 Exam: Frequently Asked Questions

                                  The 1Z0-1081-24 exam is the official exam behind the Oracle Financial Consolidation and Close 2024 Implementation Professional credential from Oracle. It sits at the Professional level of the Oracle certification track. It is also associated with Oracle Financial Consolidation and Close 2025 Implementation Professional. The FreeCram practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.

                                  The 1Z0-1081-24 exam contains 55 questions and gives you 90 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreeCram test engine a week before your exam date to check whether your pacing holds under pressure.

                                  You need 68% to pass the 1Z0-1081-24 exam, and the official registration fee is $245 USD. A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed FreeCram practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.

                                  No mandatory prerequisites; recommended experience in financial consolidation processes and Oracle EPM implementation

                                  Requirements can change, so confirm the latest details on the official Oracle exam page before you register.

                                  You can book the 1Z0-1081-24 exam through the following official channels:

                                  The exam is delivered Online proctored or Pearson VUE testing center, so pick the option that suits you when booking.

                                  Oracle points candidates to these official courses:

                                  Once you have worked through the official material, wrap up your preparation with the 173 practice questions from FreeCram to lock in what you have learned.

                                  Yes. A free 1Z0-1081-24 PDF demo is available, so you can check the question style and answer quality before you commit. Every purchase also includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.

                                  Your purchase is protected by our 100% Money Back Guarantee. If you take the 1Z0-1081-24 exam within 60 days of purchase and do not pass, send us a scanned enrollment slip and your official Score Report PDF within two days of the exam; approved refunds are processed within seven days. The candidate name must match the payer name, and the guarantee does not apply to exams taken within three days of purchase, to products that were downloaded but never used in an exam sitting, or to free materials and expired orders. If you would rather keep studying, we can instead exchange your order for two free exam products of equal value while your original product keeps its update service. Delivery itself is instant: your download is emailed within one minute of payment and stays available in your member zone, with no limit on how many computers you can install it on. If nothing arrives within two hours, contact our customer service team.

                                  The 1Z0-1081-24 syllabus is divided into 4 domains, including Data Integration and Reporting (22%), Application Setup and Configuration (28%), and Consolidation Rules and Eliminations (26%). The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.

                                  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  🗳️

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

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