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Oracle 1Z0-1081-24 : Oracle Financial Consolidation and Close 2024 Implementation Professional

1Z0-1081-24

Exam Code: 1Z0-1081-24

Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional

Updated: Oct 18, 2026

Q & A: 173 Questions and Answers

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Reporting and Analysis10%- Financial reports and Smart View
- Dashboards and analysis tools
- Report designer and templates
Configuration and Setup25%- Currency and exchange rate configuration
- Application settings and preferences
- Entity structure and hierarchy configuration
- Period and calendar management
- Chart of accounts setup
Consolidation Processing20%- Consolidation run and workflow
- Non-controlling interests
- Ownership and investment eliminations
- Consolidation methods and logic
Data Management20%- Data loading and integration methods
- Intercompany transactions
- Data maps and data grids
- Journal entries and adjustments
- Data quality and validation rules
Security and Administration10%- Security filters and data access controls
- System administration tasks
- User roles and access management
Overview and Architecture15%- Navigation and user interface components
- Oracle FCCS product overview and key capabilities
- Architecture and deployment options

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

Question #1
Which four sample ratios can be created during the application creation process? (Choose four.)

A. Inventory Ratios
B. Days Sales in Receivables
C. Gross Margin
D. Earnings per Share
E. Contribution Margin
F. Debt Ratio


Question #2
In which two instances will the FCCS_Mvmts_FX_to_CTA movement member populate in a translated currency?

A. A variance in the Average rate and the Ending rate
B. Movement of FX impact for historical rate accounts to the FCCS_CTA account
C. The current FCCS_CTA account balance does not change from the prior period
D. The account is FCCS_Net Income


Question #3
What information is included in the data extract export file delimited format?

A. the domain and application name
B. the ID of the user performing the extract
C. the application name
D. the data load cube name


Question #4
Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. From Currency, Movement, Scenario
B. Value, Entity, Account
C. Period, Year, Entity
D. Data source, Consolidation, View
E. Multi-GAAP, Data Type, Intra-company


Question #5
Which statement correctly describes the Consolidation dimension?

A. The dimension uses a separate member to store data from an entity's descendants.
B. The dimension contains members to store non-controlling interest and joint venture data.
C. The dimension allows users to see input versus journal adjustment data.
D. The dimension aggregates input, consolidated, and elimination data together.


Solutions:

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

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