Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Overview and Architecture | 15% | - Navigation and user interface components - Oracle FCCS product overview and key capabilities - Architecture and deployment options |
| Topic 2: Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Application settings and preferences - Period and calendar management - Currency and exchange rate configuration - Chart of accounts setup |
| Topic 3: Reporting and Analysis | 10% | - Report designer and templates - Dashboards and analysis tools - Financial reports and Smart View |
| Topic 4: Data Management | 20% | - Intercompany transactions - Data quality and validation rules - Data loading and integration methods - Data maps and data grids - Journal entries and adjustments |
| Topic 5: Consolidation Processing | 20% | - Non-controlling interests - Ownership and investment eliminations - Consolidation methods and logic - Consolidation run and workflow |
| Topic 6: Security and Administration | 10% | - User roles and access management - System administration tasks - Security filters and data access controls |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. Which components are pre-built into Financial Consolidation and Close Cloud Service to provide a configurable and scalable consolidation solution?
A) calculations, dashboards and reports as well as detailed data source tracking and an automated cash flow
B) calculations, dashboards and reports built on planning frameworks to provide cash flow planning
C) pre-built integrations to combine narrative and data to produce both internal and external reporting packages
D) calculations, dashboards and reports to provide analysis for cash flow modeling
2. Which explains why the Currency dimension does NOT display in your application?
A) Entity-specific security rights were not properly granted
B) Security access to the Multi-GAAP dimension is required
C) Multi-Currency option was not selected at application creation
D) Security has not been granted
3. Which statement correctly describes the Consolidation dimension?
A) The dimension contains members to store non-controlling interest and joint venture data.
B) The dimension uses a separate member to store data from an entity's descendants.
C) The dimension allows users to see input versus journal adjustment data.
D) The dimension aggregates input, consolidated, and elimination data together.
4. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?
A) An extra custom dimension will be available.
B) The ICP dimension will be omitted.
C) Data can be stored by intercompany partner but no eliminations will occur.
D) The FCCS_No Intercompany member of the ICP dimension will be used for all data.
5. What can the Intercompany Dimension be enabled and made visible within your application?
A) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
B) during application creation and selecting the Multi-source Data Input of Other Data
C) during application creation and selecting the Intercompany Data feature option
D) after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |
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