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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Close Management24%- Journals and adjustments
  • 1. Create and manage enterprise journals
    • 2. Posting and approval processes
      - Close process setup
      • 1. Use EPM Task Manager
        • 2. Approval unit hierarchies and workflows
          Topic 2: 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 3: Data Integration and Reporting22%- Reporting and analysis
                  • 1. Use Financial Reporting Studio
                    • 2. Design reports and dashboards
                      - Data loading and integration
                      • 1. Data load rules and validation
                        • 2. Integrate with source systems
                          Topic 4: 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

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question 1

                                  Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

                                  A. FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward
                                  B. Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal
                                  C. Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal
                                  D. FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate


                                  Question 2

                                  Which option can be used for quarter distributions on a 13-month time period calendar when creating a Financial Consolidation and Close Cloud (FCCS) application?

                                  A. 4-4-4-4
                                  B. 3-3-3-3
                                  C. 4-4-4-5
                                  D. 3-3-3-4


                                  Question 3

                                  When creating a Financial Consolidation and Close (FCCS) application, which initial Multi-source data options can be selected? (Choose two)

                                  A. Supplemental Data
                                  B. ERP r12
                                  C. Data Management
                                  D. ERP Cloud


                                  Question 4

                                  What file type / file extension format extracts data exports from Financial Consolidation and Close (FCCS)?

                                  A. The data export format / file extension is always extracted in a XLS file format.
                                  B. The data export format / file extension is always extracted in a CSV file format.
                                  C. The data export format / file extension is always extracted in a DAT file format.
                                  D. The data export format / file extension is always extracted in a ZIP file format.


                                  Question 5

                                  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. Enable a dimension for Currency after application creation via a Metadata load.
                                  C. During application creation, select the Multicurrency option of "Yes".
                                  D. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.


                                  Solutions:

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

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