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Oracle Financial Consolidation and Close 2024 Implementation Professional : 1Z0-1081-24 Exam
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Analysis | 10% | - Financial reports and Smart View - Report designer and templates - Dashboards and analysis tools |
| Topic 2: Consolidation Processing | 20% | - Ownership and investment eliminations - Consolidation run and workflow - Consolidation methods and logic - Non-controlling interests |
| Topic 3: Security and Administration | 10% | - Security filters and data access controls - System administration tasks - User roles and access management |
| Topic 4: Overview and Architecture | 15% | - Architecture and deployment options - Oracle FCCS product overview and key capabilities - Navigation and user interface components |
| Topic 5: Data Management | 20% | - Intercompany transactions - Journal entries and adjustments - Data maps and data grids - Data loading and integration methods - Data quality and validation rules |
| Topic 6: 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 |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
Question #1
Which two statements are true about the Multi-GAAP feature? (Choose two.)
- A. Enabling Multi-GAAP reduces the number of custom dimensions you can have.
- B. You must specify a prefix for entities that use the alternate gap standard.
- C. When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
- D. Select this option if you need to report your financial statements only in IFRS.
Correct Answer: A,C 🗳️
Explanation: Only visible for ExamsReviews members. You can sign-up / login (it's free).
Question #2
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. Load detailed Fixed Asset data to Movement members.
- D. Add custom Movement members to the FCCS_CashFlow hierarchy.
- E. Create a Roll Forward in the account dimension.
Correct Answer: C,D,E 🗳️
Question #3
By default, security access is set to "None" for which three dimensions? (Choose three.)
- A. Account
- B. Data Source
- C. Year
- D. Entity
- E. Movement
Correct Answer: A,B,D 🗳️
Question #4
In the approval process, which four dimensions constitute an approval unit? (Choose four.)
- A. Scenario
- B. Account
- C. Period
- D. Year
- E. Data Source (Entity)
Correct Answer: A,C,D,E 🗳️
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Question #5
Which statement correctly describes what happens to parent entities during consolidation?
- A. For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.
- B. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
- C. The changes in the relational database are synced to the underlying Essbase cube.
- D. Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
Correct Answer: D 🗳️
Explanation: Only visible for ExamsReviews members. You can sign-up / login (it's free).
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