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Oracle 1Z0-1081-24 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        Question #1

                                        You need
                                        to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
                                        Where on the form do you place the Entity dimension?

                                        • A. the Page Axis
                                        • B. columns
                                        • C. the Point of View
                                        • D. rows
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

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

                                        Question #2

                                        The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
                                        To define a Close Manager task template to monitor all seven days, which day range should you define?

                                        • A. Day -2 to Day 4
                                        • B. Day 1 to Day 7
                                        • C. Day -3 to Day 4
                                        • D. Day -3 to Day 3
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

                                        Question #3

                                        In Data Integration, for what purpose do you use Workbench?

                                        • A. To define dimension mapping
                                        • B. To edit the data load file format
                                        • C. To review mapping of source to target members
                                        • D. To configure data load options
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

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

                                        Question #4

                                        Which two
                                        statements are true of the roll forward calculation in the Movement dimension?

                                        • A. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
                                        • B. Values for Opening Balance are retrieved from the prior period Closing Balance.
                                        • C. Translated values for Closing Balance are adjusted to the ending rate for the period.
                                        • D. Values for base-level Movement members are calculated as the difference between Closing Balance and
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,C  🗳️

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

                                        Question #5

                                        Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

                                        • A. If a shared member is selected for a rule, the primary instance of the member is selected as well.
                                        • B. Selecting a shared member for a rule does not include its primary instance.
                                        • C. Selecting the primary instance of a member does not include shared members.
                                        • D. If the primary instance of the member is selected for a rule, all shared members for the instances are included.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,D  🗳️

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

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