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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Consolidation Rules and Eliminations | 26% | - Advanced consolidation features
|
| Financial Close Management | 24% | - Close process setup
|
| Data Integration and Reporting | 22% | - Data loading and integration
|
| Application Setup and Configuration | 28% | - Security and user management
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question 1
When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
A. Member Formulas cannot be created
B. load data to this account
C. load data to this account and make member formulas
D. create Member Formulas
Question 2
An entity's Common Stock balance is made up of data loaded through Data Management and an adjusting journal entry posted in the application. The Common Stock balance must not re-translate each month.
What two data entries need to happen to have the Common Stock balance bypass the default translation of equity accounts? (Choose two.)
A. Data entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Managed Data.
B. Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and the Data Source member FCCS_Data Input.
C. A journal entry to reverse the adjusted Common Stock balance with the Data Source member FCCS_Journal Input.
D. A journal entry to the Common Stock account with the FCCS_Amount Override member of the Consolidation dimension and the Data Source member FCCS_Journal Input.
Question 3
If the
Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created, which statement is true?
A. Data can be stored by intercompany partner but no eliminations will occur.
B. The FCCS_No Intercompany member of the ICP dimension is used for all data.
C. An extra custom dimension is available.
D. The ICP dimension is omitted.
Question 4
Which statement is true of journals created from Recurring templates?
A. The initial status of journals created from Recurring templates is Approved.
B. The initial status of journals created from Recurring templates is Posted.
C. Journals for recurring templates are created automatically when you open a period for journals.
D. The line items in journals created from Recurring templates are read only.
Question 5
You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?
A. Create a valid intersection rule.
B. Create a Task Manager rule.
C. Create a Groovy rule.
D. Create a Configurable Consolidation rule.
Solutions:
| Question 1 Answer: C,D | Question 2 Answer: B,C | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: C |
