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 #10

You need
to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
Where on the form do you place the Entity dimension?

A. the Point of View

B. rows

C. columns

D. the Page Axis

Discussion 0

Correct Answer: A Vote an answer

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Question #11

In the
Movement dimension, for which two can you modify the default translation calculation?

A. Base-level members under FCCS_Mvmts Subtotal

B. Opening Balance Input

C. Closing Balance

D. Opening Balance

Discussion 0

Correct Answer: A,D Vote an answer

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Question #12

What is
the function of Source Mapping in Data Management?

A. Manage source periods in relation to global periods.

B. Map local dimension members to the application dimension members.

C. Define the close calendar periods.

D. Defined the input currency for each data source supplying data to the application.

Discussion 0

Correct Answer: D Vote an answer

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Question #13

Which financial close related component is NOT a part of the Financial Consolidation and Close Cloud integrated product suite?

A. Supplemental Data Management

B. Process Management

C. Account Reconciliation Management

D. Financial Close Management

E. Data Management

Discussion 0

Correct Answer: C Vote an answer

Question #14

Which statement correctly describes what happens to parent entities during consolidation?

A. 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

B. Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.

C. 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.

D. The changes in the relational database are synced to the underlying Essbase cube.

Discussion 0

Correct Answer: A Vote an answer

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Question #15

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 be made the default for the Analysts user group?

A. In their User Preferences settings, members of the Analysts user group should select Analysts in the Navigation Flow list.

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

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

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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Question #16

Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)

A. To specify exchange rates you must set up multiple currencies when creating an application.

B. Reporting currencies have been defined in the Currency dimension.

C. The default currency of the child is different from the default currency of the parent.

D. The child entity is NOT a shared entity.

Discussion 0

Correct Answer: B,C Vote an answer

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Question #17

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

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

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

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

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

Discussion 0

Correct Answer: B Vote an answer

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Question #18

Which statement is true regarding Data Management categories?

A. Application mapping is not required if the global mapping target category is exactly correct.

B. Categories must begin with FCCS_ to match their Financial Consolidation and Close counterparts.

C. Categories are defined on the Global Mapping tab and then the frequency is specified on the Application Mapping tab

D. The category's time frequency allows data to be loaded to daily, weekly, and monthly scenarios.

Discussion 0

Correct Answer: B Vote an answer

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