Free Oracle 1Z0-1081-21 Practice Test & Real Exam Questions

Exam Code/Number: 1Z0-1081-21
Exam Name/Title: Oracle Financial Consolidation and Close 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud

Exam Questions: 119
Updated On: Sep 20, 2026

Question #1

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. Provide a strong compliance framework that includes auditing and segregation of duties.

B. Integrate with source systems.

C. Ensure security of sensitive data.

D. Provide predictive analysis and modeling.

Discussion 0

Correct Answer: A,B,C Vote an answer

Question #2

What member of the Currency dimension should be used during data entry for historical override amounts?

A. Parent Currency

B. Input Currencies

C. Reporting Currencies

D. Entity Currency

Discussion 0

Correct Answer: C Vote an answer

Question #3

Which statement is true regarding shared members and valid intersection rules?

A. Shared members are supported in valid intersection rules

B. Shared members are not supported in valid intersection rules

C. If a base member is included in a valid intersection rule, then any shared member is not included in the rule

D. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule

Discussion 0

Correct Answer: B,C Vote an answer

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Question #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. writing back data to source systems

E. loading data from a fixed width or delimited textfile

Discussion 0

Correct Answer: C,D,E Vote an answer

Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).

Question #5

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. pre-built integrations to combine narrative and data to produce both internal and external reporting packages

C. calculations, dashboards and reports to provide analysis for cash flow modeling

D. calculations, dashboards and reports built on planning frameworksto provide cash flow planning

Discussion 0

Correct Answer: A Vote an answer

Question #6

A company would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?

A. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.

B. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.

C. Create a Roll Forward in the account dimension.

D. Add custom Movement members to the FCCS_CashFlow hierarchy.

E. Load detailed Fixed Asset data to Movement members.

Discussion 0

Correct Answer: C,D,E Vote an answer

Question #7

Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

A. Select Import, then Actions, and then Data

B. Select Application, then Overview, then Actions, and then Import Data

C. Select Application, then Overview, then Data, and then Export

D. Select Dimensions, then Actions, and then Import Data

Discussion 0

Correct Answer: B Vote an answer

Question #8

Which three fields must be defined whenregistering a file-based source system in Data Management? (Choose three.)

A. Name

B. Drill URL

C. Description

D. Source Type

E. Cloud Type

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #9

Which item describes the use for the Currency dimension property Triangulation Currency?

A. The ability to input foreign exchange rates

B. The ability to calculate CTA (Cumulative Translation Adjustment)

C. The ability to report in multiplecurrencies

D. The ability to force translations

E. The ability to calculate foreign exchange rates

Discussion 0

Correct Answer: E Vote an answer

Question #10

You have created a navigation flow named Analysts that should be the default navigation for users in the Analysts user group.
How can the Analysts navigation flow bemade the default for the Analysts user group?

A. Because the navigation flow was given exactly the same name as the user group, it is assigned automatically to the group

B. In the Analysts navigation flow, select the Analysts user group in the Assign To field.

C. In their UserPreferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list.

D. In Application Settings, assign Analysts to the Analysts user group in the System Settings section.

Discussion 0

Correct Answer: B Vote an answer

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