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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Application Configuration- FCCS application setup and configuration
  • 1. Creating and configuring applications
    • 2. Setting up dimensions (Account, Entity, Scenario, Time, View)
      Topic 2: Security and Access- User and role management
      • 1. Access permissions and data restrictions
        • 2. Security configuration
          Topic 3: Reporting and Analysis- Financial reporting
          • 1. Financial reports and dashboards
            • 2. Smart View reporting integration
              Topic 4: Rules and Automation- Business rules and calculation logic
              • 1. Rule development and validation
                • 2. Automated consolidation scripts
                  Topic 5: Journals and Adjustments- Journal management
                  • 1. Adjustment entries and validations
                    • 2. Creating and posting journals
                      Topic 6: Data Integration- Data loading and management
                      • 1. Data Management / Data Integration workflows
                        • 2. Importing and validating data
                          Topic 7: Close Process Management- Period close activities
                          • 1. Validation and review procedures
                            • 2. Close process automation
                              Topic 8: Intercompany Processing- Intercompany transactions
                              • 1. Matching and elimination
                                • 2. Reconciliation processes
                                  Topic 9: Consolidation Process- Financial consolidation activities
                                  • 1. Ownership and consolidation methods
                                    • 2. Currency translation
                                      • 3. Elimination rules and processing

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        1. What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

                                        A) FCCS_Entity Total
                                        B) FCCS_Entity Consolidation
                                        C) FCCS_Contribution
                                        D) FCCS_Parent Currency


                                        2. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

                                        A) Header
                                        B) Grid
                                        C) Chart
                                        D) Footer


                                        3. Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

                                        A) Load a data file
                                        B) Export metadata
                                        C) Import journals
                                        D) Run a business rule


                                        4. For which three tasks can Data Management be used? (Choose three.)

                                        A) loading data that is period-to-date or year-to-date
                                        B) loading a Metadata Import File
                                        C) drilling through from a web form or Smart View
                                        D) loading data from a fixed width or delimited text file
                                        E) writing back data to source systems


                                        5. Which explains why the Currency dimension does NOT display in your application?

                                        A) Entity-specific security rights were not properly granted
                                        B) Security has not been granted
                                        C) Multi-Currency option was not selected at application creation
                                        D) Security access to the Multi-GAAP dimension is required


                                        Solutions:

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

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