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: Sep 26, 2026
  • Q & A: 173 Questions and Answers
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  • Q & A: 173 Questions and Answers
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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
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
          Data Integration and Reporting22%- Reporting and analysis
          • 1. Design reports and dashboards
            • 2. Use Financial Reporting Studio
              - Data loading and integration
              • 1. Data load rules and validation
                • 2. Integrate with source systems
                  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
                          Application Setup and Configuration28%- Application creation and configuration
                          • 1. Enable features like Multi-GAAP, Multi-Currency
                            • 2. Manage dimensions and metadata
                              - Security and user management
                              • 1. Assign roles and access permissions
                                • 2. Dimension security setup

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1

                                  For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

                                  • A. Account is a Sparse dimension.
                                  • B. You cannot add member formulas to members of the Movement dimension.
                                  • C. The View dimension stores only periodic data.
                                  • D. All parent members in the Account dimension must have a Solve Order value of 58.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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

                                  Question #2

                                  When can the Intercompany Dimension be enabled and n=made visible within your application?

                                  • A. during application creation and selecting Multi-source Data Input of Other Data
                                  • B. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
                                  • C. during application creation and selecting the Intercompany Data feature option
                                  • D. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #3

                                  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. the Point of View
                                  • B. Other Options section
                                  • C. the Page Axis
                                  • D. a column
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Question #4

                                  When defining a batch in Data Management, which statement is True?

                                  • A. Each data load rule must specify the period or the batch will default to the POV period.
                                  • B. Batches can import from source or export to target, but not both.
                                  • C. A batch replaces the need for data load rules.
                                  • D. Batches can execute data loads for multiple locations.
                                  • E. A batch can load to multiple plan types.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #5

                                  Which statement about Opening Balance Override rules is true?

                                  • A. You can select which accounts to include in the rule scope.
                                  • B. Opening Balance Override rules execute for the first period in the year only.
                                  • C. They are available only if Intercompany Data with Tracking is enabled for the business process.
                                  • D. You can select which entities to include in the rule scope.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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