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 #64

What is the result of enabling the Calculate Movements system rule?

A. To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.

B. The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.

C. Closing Balance is aggregated from Opening Balance and the current period's movement value.

D. Level 0 movement members become read only in web forms, and must be populated through data load.

Discussion 0

Correct Answer: C Vote an answer

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Question #65

For data load rules in Data Management, which two statements are FALSE?

A. A job must first run to import the data file before the user can run the data load rule.

B. Valid load types are Merge and Replace.

C. Data load rules cannot be shared across locations.

D. End users can upload a file when running a data load rule.

E. If specified, the import format will be used; if not, then the location's format will be used.

Discussion 0

Correct Answer: A,B Vote an answer

Question #66

For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A. Data Source

B. Year

C. Entity

D. Scenario

E. Period

F. Consolidation

Discussion 0

Correct Answer: B,C,D,E Vote an answer

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Question #67

Which statement correctly describes when a consolidation can occur within a given year/scenario?

A. A user has a power user access but only write access to the entity.

B. A user with power user access first locks the entity so that other users cannot consolidate the same entity.

C. The current period consolidation status is Impacted and the remaining periods are OK.

D. An administrator runs Force Consolidate to force the consolidation of all entities regardless of status or content.

E. The user specifies the desired parent entity, Feb as the period, Actual as the scenario, and 2018 as the year.

Discussion 0

Correct Answer: C Vote an answer

Question #68

When defining a batch in Data Management, which statement is True?

A. A batch can load to multiple plan types.

B. Batches can import from source or export to target, but not both.

C. Batches can execute data loads for multiple locations.

D. A batch replaces the need for data load rules.

E. Each data load rule must specify the period or the batch will default to the POV period.

Discussion 0

Correct Answer: C Vote an answer

Question #69

Which customization can you perform on the Navigation Flows page?

A. Add or Hide cards.

B. Select a color scheme.

C. Select a data form to display at start up based on user group.

D. Set a default POV by user group.

Discussion 0

Correct Answer: A Vote an answer

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Question #70

Which statement is FALSE when enabling a Multi-GAAP application?

A. Additional GAAP adjustment can be created.

B. The Multi-GAAP dimension is optional.

C. The system automatically creates an FCCS_IFRS member.

D. Two custom dimensions are available after enabling Multi-GAAP.

Discussion 0

Correct Answer: D Vote an answer

Question #71

Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

A. Header

B. Grid

C. Chart

D. Footer

Discussion 0

Correct Answer: B,C Vote an answer

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Question #72

A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clicking Refresh does not refresh the data and the Smart View (Point of View) POV bar does not display.
Which additional step is required to pull data in the new tab and change the POV?

A. Activate the Connection.

B. Close out of Excel, and relog in to Smart View.

C. Change one of the Row or Column dimension members and click Refresh.

D. Disconnect from the Smart View connection, and relog in.

Discussion 0

Correct Answer: C Vote an answer

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