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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journals and Adjustments- Journal management
  • 1. Adjustment entries and validations
    • 2. Creating and posting journals
      Topic 2: Application Configuration- FCCS application setup and configuration
      • 1. Setting up dimensions (Account, Entity, Scenario, Time, View)
        • 2. Creating and configuring applications
          Topic 3: Rules and Automation- Business rules and calculation logic
          • 1. Automated consolidation scripts
            • 2. Rule development and validation
              Topic 4: Close Process Management- Period close activities
              • 1. Close process automation
                • 2. Validation and review procedures
                  Topic 5: Consolidation Process- Financial consolidation activities
                  • 1. Currency translation
                    • 2. Elimination rules and processing
                      • 3. Ownership and consolidation methods
                        Topic 6: Security and Access- User and role management
                        • 1. Access permissions and data restrictions
                          • 2. Security configuration
                            Topic 7: Intercompany Processing- Intercompany transactions
                            • 1. Matching and elimination
                              • 2. Reconciliation processes
                                Topic 8: Reporting and Analysis- Financial reporting
                                • 1. Financial reports and dashboards
                                  • 2. Smart View reporting integration
                                    Topic 9: Data Integration- Data loading and management
                                    • 1. Data Management / Data Integration workflows
                                      • 2. Importing and validating data

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

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

                                        A) Grid
                                        B) Header
                                        C) Chart
                                        D) Footer


                                        2. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
                                        Which statement is true?

                                        A) The FCCS_No Intercompany member of the ICP dimension will be used for all data.
                                        B) An extra custom dimension will be available.
                                        C) The ICP dimension will be omitted.
                                        D) Data can be stored by intercompany partner but no eliminations will occur.


                                        3. Which statement is true of journals created from Recurring templates?

                                        A) The initial status of journals created from Recurring templates is Approved.
                                        B) The line items in journals created from Recurring templates are read only.
                                        C) Journals for recurring templates are created automatically when you open a period for journals.
                                        D) The initial status of journals created from Recurring templates is Posted.


                                        4. Which four sample ratios can be selected during business process creation? (Choose four.)

                                        A) Earnings per Share
                                        B) Gross Margin
                                        C) Debt Ratio
                                        D) Days Sales in Receivables
                                        E) Contribution Margin
                                        F) Inventory Ratios


                                        5. Which two statements are correct with regard to Data Management locations? (Choose two.)

                                        A) Data load rules can be shared across locations.
                                        B) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.
                                        C) Locations can share dimension member mappings by specifying a location as a parent location of others.
                                        D) The logic account group is required in order to effect running of calculations after the data load.
                                        E) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
                                        F) Locations must specify an import format, which may be used by other locations.


                                        Solutions:

                                        Question # 1
                                        Answer: A,C
                                        Question # 2
                                        Answer: C
                                        Question # 3
                                        Answer: C
                                        Question # 4
                                        Answer: B,C,D,F
                                        Question # 5
                                        Answer: C,F

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