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 #73

Which explains why the Currency dimension does NOT display in your application?

A. Security access to the Multi-GAAP dimension is required

B. Multi-Currency option was not selected at application creation

C. Entity-specific security rights were not properly granted

D. Security has not been granted

Discussion 0

Correct Answer: B Vote an answer

Question #74

A company has two subsidiaries with 1000 EURO each in the Cash account.
Which four Consolidation Members will reflect 2000 EURO at the company's balance? (Choose four.)

A. FCCS_Proportion

B. FCCS_Elimination

C. FCCS_Contribution

D. FCCS_Entity Total

E. FCCS_Entity Consolidation

F. FCCS_Entity Input

Discussion 0

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

Question #75

How can Metadata be imported into any Financial Consolidation and Close (FCCS) application?

A. by selecting Application, then Overview, then Dimensions, and then Import

B. by selecting Application, then Overview, then Dimensions, and then Export

C. by selecting Tasks, then Metadata, and then Import

D. by selecting Dimension, then Import, and then Metadata

Discussion 0

Correct Answer: A Vote an answer

Question #76

When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?

A. Member Formulas cannot be created

B. load data to this account and make member formulas

C. load data to this account

D. create Member Formulas

Discussion 0

Correct Answer: B,D Vote an answer

Question #77

What member of the Currency dimension should be used during data entry for historical override amounts?

A. Entity Currency

B. Input Currencies

C. Parent Currency

D. Reporting Currencies

Discussion 0

Correct Answer: D Vote an answer

Question #78

If the Alias of an Entity that marked as "Is Intercompany" and is later changed, what happens to the corresponding Intercompany member Alias?

A. The Intercompany Alias is automatically changed to the new Entity Alias.

B. The Intercompany Alias is set to the Entity Name.

C. The Intercompany Alias is not automatically changed to the new Entity Alias.

D. The Intercompany Alias is automatically set to the Intercompany Name.

Discussion 0

Correct Answer: A Vote an answer

Question #79

Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)

A. Adjust data with Journals

B. Run a rule such as Consolidate or Translate

C. Submit data

D. Retrieve data

Discussion 0

Correct Answer: B,C,D Vote an answer

Question #80

Which four statements are true about the members in the FCCS_Cash Flow hierarchy in the Movement dimension? (Choose four.)

A. The Cash Change hierarchy cannot be modified.

B. All primary Movement members under the FCCS_Mvmts_Subtotal member must be included in the FCCS_CashFlow hierarchy.

C. Input level members under the FCCS_Mvmts_Subtotal are Shared members in the FCCS_CashFlow hierarchy.

D. Siblings can be added to the FCCS_CashFlow_Investing member.

E. Standard cash accounts are members of the FCCS_CashFlow_Operating hierarchy.

F. The seeded member FCCS_Mvmts_AccountsPayable found within the FCCS_CashFlow hierarchy has a Subtraction operator.

Discussion 0

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

Question #81

Which statement is correct regarding intercompany eliminations?

A. Intercompany eliminations are required for sustainability reporting to show the company's waste output.

B. Intercompany eliminations are generally required to remove the effect of transactions within the company.

C. Intercompany eliminations are needed when a company divests itself of a division.

D. Intercompany eliminations are optional in FCCS and use one of the custom dimensions when enabled.

Discussion 0

Correct Answer: B Vote an answer

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