Oracle 1Z0-1081-24 Actual Free Exam Questions & Community Discussion

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 14, 2026

Question #1

You want to display a single value in a financial dashboard from a single cell in a form.
Which type of chart would you select?

A. Gauge

B. Line

C. Tile

D. Bar

Discussion 0

Correct Answer: C Vote an answer

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Question #2

A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)

A. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness

B. provide the ability to collaborate during close and analyse transaction detail in real time

C. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards

D. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint

E. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls

Discussion 0

Correct Answer: C,E Vote an answer

Question #3

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

A. enables the application to perform Intercompany eliminations

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

C. enables the Elimination member in the Consolidation dimension

D. enables the application to include Intercompany data.

Discussion 0

Correct Answer: B Vote an answer

Question #4

For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?

A. Click Configurable Consolidation on the Consolidation Process page and create a Configurable

B. Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in

C. Edit the numbers using a web form or Smart View after consolidating.

D. Create an on-demand rule in Calculation Manager that you run after consolidation.

Discussion 0

Correct Answer: A Vote an answer

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Question #5

To which Financial Consolidation and Close dimension(s) do you map Data Management periods?

A. Period

B. Period, Year, and View

C. View

D. Period and Year

Discussion 0

Correct Answer: B Vote an answer

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Question #6

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. you can't load data to this account

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

C. subtract amounts consolidated to the parent

D. add amounts consolidated to the parent

Discussion 0

Correct Answer: C Vote an answer

Question #7

Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A. Selecting a shared member for a rule does not include its primary instance.

B. If the primary instance of the member is selected for a rule, all shared members for the instances are included.

C. Selecting the primary instance of a member does not include shared members.

D. If a shared member is selected for a rule, the primary instance of the member is selected as well.

Discussion 0

Correct Answer: A,B Vote an answer

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Question #8

What member of the Currency dimension is associated with the Entity Input member of the Consolidation dimension?

A. Entity Currency

B. Parent Currency

C. Base Currency

D. Local Currency

Discussion 0

Correct Answer: A Vote an answer

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Question #9

You need a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A. Journal

B. Intercompany

C. Financial

D. Consolidation

Discussion 0

Correct Answer: D Vote an answer

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