Oracle 1Z0-1081-24 Q&A - in .pdf

  • 1Z0-1081-24 pdf
  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Aug 13, 2026
  • Q & A: 173 Questions and Answers
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  • Updated: Aug 13, 2026
  • Q & A: 173 Questions and Answers
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  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  1. You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
                                  Where on the form do you define the View dimension and select the correct member?

                                  A) Other Options section
                                  B) the Point of View
                                  C) a column
                                  D) the Page Axis


                                  2. When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?

                                  A) Intercompany Entity
                                  B) Plug Account
                                  C) Is Plug Account
                                  D) Intercompany Account


                                  3. Which four items are active components of the Currency dimension? (Choose four.)

                                  A) Translated Currencies
                                  B) Reporting Currencies
                                  C) Entity Currency
                                  D) Input Currencies
                                  E) Entity Currency Adjustments
                                  F) Parent Currency


                                  4. Which four items are included in the Currency dimension? (Choose four.)

                                  A) Reporting Currencies
                                  B) Entity Currency
                                  C) Input Currencies
                                  D) Default Currency
                                  E) Journal Input Currencies
                                  F) Parent Currency


                                  5. Which statement correctly describes when a consolidation can occur within a given year/scenario?

                                  A) A user has a power user access but only write access to the entity.
                                  B) The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.
                                  C) A user with power user access first locks the entity so that other users cannot consolidate the same entity.
                                  D) The current period consolidation status is Impacted and the remaining periods are OK.
                                  E) An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.


                                  Solutions:

                                  Question # 1
                                  Answer: B
                                  Question # 2
                                  Answer: C
                                  Question # 3
                                  Answer: B,D,E,F
                                  Question # 4
                                  Answer: A,B,C,E
                                  Question # 5
                                  Answer: D

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