Oracle : 1Z0-1081-24 Questions & Answers
Updated: Jul 09, 2026
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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. 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
2. 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.
3. 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
4. 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.
5. 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
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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