Oracle : 1Z0-1081-24 Questions & Answers
Updated: Sep 13, 2026
No. of Questions: 173 Questions & Answers with Testing Engine
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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Consolidation Process | - Financial consolidation activities
|
| Topic 2: Intercompany Processing | - Intercompany transactions
|
| Topic 3: Security and Access | - User and role management
|
| Topic 4: Application Configuration | - FCCS application setup and configuration
|
| Topic 5: Reporting and Analysis | - Financial reporting
|
| Topic 6: Data Integration | - Data loading and management
|
| Topic 7: Rules and Automation | - Business rules and calculation logic
|
| Topic 8: Close Process Management | - Period close activities
|
| Topic 9: Journals and Adjustments | - Journal management
|
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Allow adjustments for IFRS
- B. Track Multi-Source Data Input
- C. Include Supplemental Data
- D. Automatically calculate adjustment
Correct Answer: D 🗳️
Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?
- A. The parent entity has a different currency than the child.
- B. An ownership percentage for the entity other than 100 was entered.
- C. An intercompany elimination was performed.
- D. A rate was entered into the FCCS Rate Override account.
Correct Answer: B 🗳️
Explanation: Only visible for ActualTorrent members. You can sign-up / login (it's free).
What can the Intercompany Dimension be enabled and made visible within your application?
- A. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Account attribute
- B. during application creation and selecting the Intercompany Data feature option
- C. during application creation and selecting the Multi-source Data Input of Other Data
- D. after application creation by selecting any Account as IC_Acc_Yes for the Intercompany Entity attribute
Correct Answer: B 🗳️
You have added a new task to a close schedule with a task due date past the defined end date of the schedule. What is the result of the change?
- A. The new task will run outside of the schedule end date.
- B. The schedule end date changes to match the end date of the task.
- C. The task will not run.
- D. An error, you can't add a new task past the due date.
Correct Answer: B 🗳️
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Company 123 is a public company that reports in US Dollars. Company 123 owns Company XYZ, a European company that consolidates in Euro. One of the Company XYZ's subsidiaries is Company IOU, headquartered in Switzerland with a functional currency of the Swiss Franc.
Which process produces USD balances for Company IOU?
- A. A translation of Company XYZ to Parent Currency
- B. A translation of Company IOU
- C. A translation to the USD_Reporting currency member for Company IOU
- D. A consolidation of Company XYZ
- E. A consolidation of Company 123
Correct Answer: A 🗳️
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