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 #46

In Data Integration, for what purpose do you use Workbench?

A. To define dimension mapping

B. To configure data load options

C. To edit the data load file format

D. To review mapping of source to target members

Discussion 0

Correct Answer: D Vote an answer

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Question #47

You are required to create a form to allow users to input dat
a. Which three actions or form components selected should accomplish this?

A. Set the currency on the form to the reporting currency member USD_Reporting

B. Level 0 dimension members on POV, rows and columns

C. Set access rights for data input users to the form

D. Give data input users WRITE access to form dimension members

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #48

If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

A. The associated Intercompany member must be manually removed.

B. The associated Intercompany member is automatically removed.

C. The alias of the associated Intercompany member is automatically updated.

D. The alias of the associated Intercompany member must be manually changed.

Discussion 0

Correct Answer: C Vote an answer

Question #49

Which statement
explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different than the data in the FCCS_Proportion member?

A. An ownership percentage for the entity other than 100 was entered.

B. An intercompany elimination was performed.

C. The parent entity has a different currency than the child.

D. A rate was entered into the FCCS_Rate Override account.

Discussion 0

Correct Answer: B Vote an answer

Question #50

P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?

A. There is no way to do a prior period entry like this.

B. February should be consolidated, after which the cash at AceCo is now 65.

C. January and February should be consolidated.

D. January should be consolidated for the change and nothing needs to happen for February.

Discussion 0

Correct Answer: C Vote an answer

Question #51

Which statement is true regarding shared members and valid intersection rules?

A. If a base member is included in a valid intersection rule, then any shared member is not included in the rule

B. Shared members are supported in valid intersection rules

C. Shared members are not supported in valid intersection rules

D. If a shared member is selected for a valid intersection rule, then the base member is not included in the rule

Discussion 0

Correct Answer: A,C Vote an answer

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Question #52

Which three scenarios result in foreign currency translation during the default consolidation process? (Choose three.)

A. A shared entity has a parent with a different currency.

B. A parent entity has the same default currency as its parent.

C. A parent entity has a different currency from its parent.

D. A base entity currency has a parent entity with a different default currency.

E. A base entity currency has a parent entity with a matching default currency.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question #53

When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?

A. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.

B. The script will work if the script is referenced in the In mapping type with #SQL as the target.

C. The script will not work since Data Management does not support scripting.

D. The script will not work since the UD5 member referenced does not start with FCCS_

E. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.

Discussion 0

Correct Answer: B Vote an answer

Question #54

Which three dimensions can be included in an approval group? (Choose three.)

A. Multi-GAAP

B. Entity

C. Scenario

D. Movement

E. Account

Discussion 0

Correct Answer: B,C,E Vote an answer

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