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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Analysis | 10% | - Report designer and templates - Financial reports and Smart View - Dashboards and analysis tools |
| Topic 2: Configuration and Setup | 25% | - Currency and exchange rate configuration - Period and calendar management - Application settings and preferences - Entity structure and hierarchy configuration - Chart of accounts setup |
| Topic 3: Data Management | 20% | - Journal entries and adjustments - Data maps and data grids - Intercompany transactions - Data quality and validation rules - Data loading and integration methods |
| Topic 4: Consolidation Processing | 20% | - Non-controlling interests - Ownership and investment eliminations - Consolidation methods and logic - Consolidation run and workflow |
| Topic 5: Overview and Architecture | 15% | - Oracle FCCS product overview and key capabilities - Architecture and deployment options - Navigation and user interface components |
| Topic 6: Security and Administration | 10% | - User roles and access management - Security filters and data access controls - System administration tasks |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Which statement is true about an approval process with the Phase Dependency option enabled?
- A. Data for a later phase can be promoted to a higher level in the promotion path than data for an earlier phase, but cannot be changed to Approved.
- B. Data for a later phase cannot be changed from Not Started to Under Review until the status of earlier phases is changed to Approved.
- C. Data for a later phase cannot be promoted to a higher level in the promotion path than data for an earlier phase.
- D. 'Data for an earlier phase cannot be changed from Approved to Locked until data for all later phases has been changed to Approved.
Correct Answer: C 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which statement is FALSE about Task Manager schedules?
- A. You can still add tasks to a schedule that has been closed.
- B. Users can still complete tasks in a schedule that has been closed.
- C. You can re-open a schedule that has been locked.
- D. To start all the tasks in a schedule, you must change the status from Pending to Open.
Correct Answer: A 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- A. Integrate with source systems.
- B. Ensure security of sensitive data.
- C. Provide a strong compliance framework that includes auditing and segregation of duties.
- D. Provide predictive analysis and modeling.
Correct Answer: A,B,C 🗳️
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- C. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- D. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
Correct Answer: A 🗳️
You are required to create a form that allows users to input dat
a. Which three actions are consistent with this? (Choose three.)
- A. Set the currency on the form to Parent Currency.
- B. In the member selection for Entity, do not include shared entities; include only primary instances of entities.
- C. Set the consolidation member on the form to FCCS Entity Input.
- D. Grant the data input users Write access to the dimension members used on the form.
- E. Select level 0 dimension members for POV\ rows, and columns. www*'
Correct Answer: C,D,E 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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