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 #55

Which three combinations of dimensions could be valid for a Financial Consolidation and Close (FCCS) application?

A. Period, Year, Entity

B. From Currency, Movement, Scenario

C. Value, Entity, Account

D. Multi-GAAP, Data Type, Intra-company

E. Data source, Consolidation, View

Discussion 0

Correct Answer: A Vote an answer

Question #56

For which three levels can Profiles be set in Data Management?

A. Source System

B. Application

C. User

D. System

E. Category

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #57

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

A. From each child of the entity, data from the FCCS_Contribution Consolidation dimension member is added together and stored in the FCCS_Entity Consolidation member of the entity.

B. Since parent entities are tagged as dynamic calc, the consolidation has no effect on the entity dimension.

C. The data in the FCCS_Intercompany Eliminations Data Source dimension member is subtracted from the FCCS_TotalInputAndAdjusted Data Source dimension member for each descendant and then added together.

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

Discussion 0

Correct Answer: A Vote an answer

Question #58

Which selection enables data to be imported directly into any Financial Consolidation and Close (FCCS) application?

A. Select Dimensions, then Actions, and then Import Data

B. Select Import, then Actions, and then Data

C. Select Application, then Overview, then Data, and then Export

D. Select Application, then Overview, then Actions, and then Import Data

Discussion 0

Correct Answer: D Vote an answer

Question #59

Which statement is true of journals created from Recurring templates?

A. Journals for recurring templates are created automatically when you open a period for journals.

B. The line items in journals created from Recurring templates are read only.

C. The initial status of journals created from Recurring templates is Approved.

D. The initial status of journals created from Recurring templates is Posted.

Discussion 0

Correct Answer: A Vote an answer

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Question #60

Which statement correctly describes the Consolidation dimension?

A. The dimension allows users to view data in the parent currency.

B. The dimension uses a separate member for data from an entity's level-zero descendants.

C. The dimension contains members to store non-controlling interest and joint venture data.

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

Discussion 0

Correct Answer: B Vote an answer

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Question #61

When can the Intercompany Dimension be enabled and n=made visible within your application?

A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute

B. after application creation by selecting any Entity as IC_Entity_Yes for the Intercompany Entity attribute

C. during application creation and selecting the Intercompany Data feature option

D. during application creation and selecting Multi-source Data Input of Other Data

Discussion 0

Correct Answer: C Vote an answer

Question #62

Which statement about Opening Balance Override rules is true?

A. You can select which entities to include in the rule scope.

B. They are available only if Intercompany Data with Tracking is enabled for the business process.

C. Opening Balance Override rules execute for the first period in the year only.

D. You can select which accounts to include in the rule scope.

Discussion 0

Correct Answer: D Vote an answer

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Question #63

Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

A. Year

B. Entity

C. Scenario

D. Period

E. Account

Discussion 0

Correct Answer: A,D Vote an answer

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