Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Data Integration and Reporting | 22% | - Reporting and analysis
|
| Topic 2: Consolidation Rules and Eliminations | 26% | - Advanced consolidation features
|
| Topic 3: Financial Close Management | 24% | - Close process setup
|
| Topic 4: Application Setup and Configuration | 28% | - Application creation and configuration
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
P, Q, and R are children of a mid-level parent entity, AceCo. In February each entity has cash in the amounts of 10, 20, and 30, respectively, and AceCo has been consolidated and has cash of 60. A prior period adjustment to Q adjusts cash with a debit of 5.
Which statement regarding consolidation is correct?
- A. There is no way to do a prior period entry like this.
- B. January and February should be consolidated.
- C. January should be consolidated for the change and nothing needs to happen for February.
- D. February should be consolidated, after which the cash at AceCo is now 65.
Correct Answer: B 🗳️
Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)
- A. FCCS_Elimination
- B. FCCS_Amount_Override
- C. FCCS_Translation
- D. FCCS_Rate Override
- E. FCCS_Contribution
- F. FCCS_Proportion
Correct Answer: A,D 🗳️
A company
would like to capture Fixed Asset additions and disposals within the Movement dimension.
Which three tasks are necessary to achieve this goal?
- A. Build a custom Movement member for Fixed Assets with child members for Additions and Disposals.
- B. Add custom Movement members to the FCCS_CashFlow hierarchy.
- C. Add custom members for Additions and Disposals as children of FCCS_Mvmts_CapitalExpenditures.
- D. Load detailed Fixed Asset data to Movement members.
- E. Create a Roll Forward in the account dimension.
Correct Answer: B,D,E 🗳️
When you set the Intercompany Account Attribute Value to Yes, which additional attribute must also be set?
- A. Plug Account
- B. Intercompany Account
- C. Is Plug Account
- D. Intercompany Entity
Correct Answer: C 🗳️
Which three
are seeded data forms created during business process creation?
- A. Override Rates
- B. Shares Outstanding
- C. Exchange Rate Multi-period
- D. Headcount
- E. Data Status
Correct Answer: A,C,E 🗳️
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