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Oracle 1Z0-1081-24

1Z0-1081-24

Exam Code: 1Z0-1081-24

Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional

Updated: Sep 23, 2026

Q&A Number: 173 Q&As

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Data Integration and Reporting22%- Data loading and integration
  • 1. Integrate with source systems
    • 2. Data load rules and validation
      - Reporting and analysis
      • 1. Design reports and dashboards
        • 2. Use Financial Reporting Studio
          Topic 2: Application Setup and Configuration28%- Security and user management
          • 1. Dimension security setup
            • 2. Assign roles and access permissions
              - Application creation and configuration
              • 1. Enable features like Multi-GAAP, Multi-Currency
                • 2. Manage dimensions and metadata
                  Topic 3: Consolidation Rules and Eliminations26%- Consolidation logic and methods
                  • 1. Non-controlling interest calculation
                    • 2. Ownership and investment elimination
                      - Advanced consolidation features
                      • 1. Custom consolidation rules and Groovy scripts
                        • 2. Currency translation setup and execution
                          Topic 4: Financial Close Management24%- Close process setup
                          • 1. Use EPM Task Manager
                            • 2. Approval unit hierarchies and workflows
                              - Journals and adjustments
                              • 1. Posting and approval processes
                                • 2. Create and manage enterprise journals

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  Question #1
                                  Which statement
                                  about the Equity Pickup feature is FALSE?

                                  A. Seeded rule-sets are provided for Equity Pickup.
                                  B. Equity Pickup rules run as part of the consolidation process.
                                  C. Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
                                  D. Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.


                                  Question #2
                                  You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
                                  What is the most efficient means to accomplish this?

                                  A. Create a valid intersection rule.
                                  B. Create a Task Manager rule.
                                  C. Create a Groovy rule.
                                  D. Create a Configurable Consolidation rule.


                                  Question #3
                                  You need
                                  to define a form that requires users to select the entity for which to view data from a list that includes USA, Canada, and South America, but no other entities.
                                  Where on the form do you place the Entity dimension?

                                  A. the Point of View
                                  B. rows
                                  C. columns
                                  D. the Page Axis


                                  Question #4
                                  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


                                  Question #5
                                  In the approval process, which four dimensions constitute an approval unit? (Choose four.)

                                  A. Scenario
                                  B. Year
                                  C. Data Source (Entity)
                                  D. Account
                                  E. Period


                                  Solutions:

                                  Question #1
                                  Correct Answer: B
                                  Question #2
                                  Correct Answer: C
                                  Question #3
                                  Correct Answer: A
                                  Question #4
                                  Correct Answer: A,B,C
                                  Question #5
                                  Correct Answer: A,B,C,E

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