Exam Details

  • Exam Code
    :1Z0-1081-24
  • Exam Name
    :Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Certification
    :Oracle Certifications
  • Vendor
    :Oracle
  • Total Questions
    :116 Q&As
  • Last Updated
    :Apr 26, 2025

Oracle Oracle Certifications 1Z0-1081-24 Questions & Answers

  • Question 101:

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

    A. Build a custom Movement member for Fixed Assets with dependent custom members for Additions and Disposals

    B. Add custom members for Additions and Disposals as dependents of FCCS_Mvmts_CapitalExpenditures.

    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.

  • Question 102:

    Which is NOT a member of the Data Source Dimension created by Financial Consolidation and Close (FCCS)?

    A. FCCS_No Data Source

    B. FCCS_Data Input

    C. FCCS_SystemTypes

    D. FCCS_Proportion

  • Question 103:

    What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

    A. this setting will not affect additions or subtractions to the next parent

    B. subtract amounts consolidated to the parent

    C. add amounts consolidated to the parent

    D. you can't load data to this account

  • Question 104:

    Financial Consolidation Close Cloud maintains the status calculation for which combination of dimensions?

    A. Scenario, Account, Base Entity and Parent Entity

    B. Year, Scenario, Base Entity and Account

    C. Scenario, View, Parent Entity and Account

    D. Period, Scenario, Base Entity and Parent Entity

  • Question 105:

    What is the primary function of enabling the Track Intercompany Elimination option during the application creation?

    A. enables the Elimination member in the Consolidation dimension

    B. process will separate total elimination values by Data Source.

    C. enables the application to include Intercompany data.

    D. enables the application to perform Intercompany eliminations

  • Question 106:

    Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

    A. The Cash Change hierarchy cannot be modified.

    B. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.

    C. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

    D. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.

    E. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.

    F. Siblings can be added to the FCCS_CashFlow_Investing member.

  • Question 107:

    You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this. Where on the form do you define the View dimension and select the correct member?

    A. a column

    B. Other Options section

    C. the Page Axis

    D. the Point of View

  • Question 108:

    Which dimension includes the FCCS_Global Assumption member that is used to store currency information?

    A. Account

    B. From Currency

    C. Entity

    D. Currency

  • Question 109:

    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. Ensure security of sensitive data.

    B. Integrate with source systems.

    C. Provide predictive analysis and modeling.

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

  • Question 110:

    When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled. Which statement is true?

    A. The FCCS_No Intercompany member of the ICP dimension will be used for all data.

    B. Data can be stored by intercompany partner but no eliminations will occur.

    C. An extra custom dimension will be available.

    D. The ICP dimension will be omitted.

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