Free Oracle 1Z0-1081-24 Practice Test & Real Exam Questions

Exam Code/Number: 1Z0-1081-24
Exam Name/Title: Oracle Financial Consolidation and Close 2024 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud

Exam Questions: 173
Updated On: Jul 01, 2026

Question #10

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 aggregates input, consolidated, and elimination data together.

D. The dimension allows users to see input versus journal adjustment data.

Discussion 0

Correct Answer: D Vote an answer

Question #11

Which two are required fields when registering a source system in Data Management?

A. Name

B. Drill Through URL

C. Source System Type

D. Cloud Type

Discussion 0

Correct Answer: A,B Vote an answer

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

Question #12

When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

A. View

B. Movement

C. Account

D. Consolidation

Discussion 0

Correct Answer: A,D Vote an answer

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

Question #13

A company has two subsidiaries with 1000 EURO each in the Cash account.
Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)

A. FCCS_Entity Input

B. FCCS_Proportion

C. FCCS_Entity Total

D. FCCS_Entity Consolidation

E. FCCS_Contribution

F. FCCS_Elimination

Discussion 0

Correct Answer: A,C,D,E Vote an answer

Question #14

Which customization can you perform on the Navigation Flows page?

A. Add or Hide cards.

B. Select a color scheme.

C. Select a data form to display at start up based on user group.

D. Set a default POV by user group.

Discussion 0

Correct Answer: A Vote an answer

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

Question #15

Which four items are active components of the Currency dimension? (Choose four.)

A. Parent Currency

B. Input Currencies

C. Entity Currency Adjustments

D. Reporting Currencies

E. Translated Currencies

F. Entity Currency

Discussion 0

Correct Answer: A,B,C,D Vote an answer

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

Question #16

If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A. The associated Intercompany member is automatically removed.

B. The associated Intercompany member must be manually removed.

C. The alias of the associated Intercompany member is automatically updated.

D. The alias of the associated Intercompany member must be manually changed.

Discussion 0

Correct Answer: C Vote an answer

Question #17

What is the Data Storage value for an account that must remain at a historical exchange rate and not retranslate with current rates?

A. Dynamic

B. Never Share

C. Dynamic Calc and Store

D. No Rate

E. Store

Discussion 0

Correct Answer: E Vote an answer

Question #18

How do you enable multiple currencies within a Financial Consolidation and Close (FCCS) application?

A. During application creation, select the Multicurrency option of "Yes".

B. During application creation, select the Multicurrency option of "No" and insert additional currencies within the Currency dimension.

C. Add a new label for a currency when creating a new Entity member in the Reporting Currency attribute field.

D. Enable a dimension for Currency after application creation via a Metadata load.

Discussion 0

Correct Answer: D Vote an answer

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

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