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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Journals and Adjustments | - Journal management
|
| Close Process Management | - Period close activities
|
| Rules and Automation | - Business rules and calculation logic
|
| Reporting and Analysis | - Financial reporting
|
| Security and Access | - User and role management
|
| Consolidation Process | - Financial consolidation activities
|
| Intercompany Processing | - Intercompany transactions
|
| Data Integration | - Data loading and management
|
| Application Configuration | - FCCS application setup and configuration
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
In Financial Close Manager, when would you choose to define tasks in a Template rather than create a new Schedule each month?
- A. when the tasks are often late in completion and they need to be monitored more closely
- B. when the tasks are repeatable over multiple close cycles
- C. when the tasks require consistent definition across close schedules
- D. when the tasks require multiple levels of approvers
Explanation: Only visible for Prep4cram members. You can sign-up / login (it's free).
Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)
- A. Submit data
- B. Retrieve data
- C. Run a rule such as Consolidate or Translate
- D. Adjust data with Journals
The company PQR has an ownership structure as shown below.
H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?
- A. PQR
- B. Hickory and Paducah
- C. H 1 and P 2
- D. No elimination is performed, because H 1 and P 1 do not have the same parent.
Explanation: Only visible for Prep4cram members. You can sign-up / login (it's free).
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- A. Currency
- B. Account
- C. Entity
- D. From Currency
What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?
- A. subtract amounts consolidated to the parent
- B. add amounts consolidated to the parent
- C. you can't load data to this account
- D. this setting will not affect additions or subtractions to the next parent
