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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Intercompany Processing- Intercompany transactions
  • 1. Matching and elimination
    • 2. Reconciliation processes
      Close Process Management- Period close activities
      • 1. Validation and review procedures
        • 2. Close process automation
          Reporting and Analysis- Financial reporting
          • 1. Financial reports and dashboards
            • 2. Smart View reporting integration
              Security and Access- User and role management
              • 1. Security configuration
                • 2. Access permissions and data restrictions
                  Data Integration- Data loading and management
                  • 1. Data Management / Data Integration workflows
                    • 2. Importing and validating data
                      Rules and Automation- Business rules and calculation logic
                      • 1. Automated consolidation scripts
                        • 2. Rule development and validation
                          Journals and Adjustments- Journal management
                          • 1. Creating and posting journals
                            • 2. Adjustment entries and validations
                              Application Configuration- FCCS application setup and configuration
                              • 1. Setting up dimensions (Account, Entity, Scenario, Time, View)
                                • 2. Creating and configuring applications
                                  Consolidation Process- Financial consolidation activities
                                  • 1. Ownership and consolidation methods
                                    • 2. Elimination rules and processing
                                      • 3. Currency translation

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. Where can you set the default member for the Currency dimension in a Data Integration integration?

                                        A) Run Integration dialog box
                                        B) Map Members tab in the Create Integration dialog box
                                        C) Location Attributes in the Create Integration dialog box
                                        D) Options tab of the Application Details dialog box


                                        2. Which two statements are true about Cash Flow in the Movement dimension?

                                        A) You can add shared members to the FCCS_CashChange hierarchy.
                                        B) The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow
                                        C) When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member
                                        D) The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the


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

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


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

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


                                        5. How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

                                        A) by selecting Dimension, then Import, and then Metadata
                                        B) by selecting Application, then Overview, then Dimensions, and then Export
                                        C) by selecting Tasks, then Metadata, and then Import
                                        D) by selecting Application, then Overview, then Dimensions, and then Import


                                        Solutions:

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

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