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 |
|---|---|---|
| Overview and Architecture | 15% | - Navigation and user interface components - Oracle FCCS product overview and key capabilities - Architecture and deployment options |
| Data Management | 20% | - Data quality and validation rules - Data maps and data grids - Data loading and integration methods - Journal entries and adjustments - Intercompany transactions |
| Security and Administration | 10% | - Security filters and data access controls - User roles and access management - System administration tasks |
| Reporting and Analysis | 10% | - Financial reports and Smart View - Dashboards and analysis tools - Report designer and templates |
| Configuration and Setup | 25% | - Application settings and preferences - Chart of accounts setup - Currency and exchange rate configuration - Entity structure and hierarchy configuration - Period and calendar management |
| Consolidation Processing | 20% | - Non-controlling interests - Consolidation methods and logic - Consolidation run and workflow - Ownership and investment eliminations |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
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. add amounts consolidated to the parent
- B. subtract 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
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 Page Axis
- B. rows
- C. columns
- D. the Point of View
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
In the
Movement dimension, for which two can you modify the default translation calculation?
- A. Opening Balance Input
- B. Opening Balance
- C. Closing Balance
- D. Base-level members under FCCS_Mvmts Subtotal
Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).
Which two statements are true about Cash Flow in the Movement dimension?
- A. The FCCS_Mvmts_AccountsPayable member is under FCCS_CashFlow_NetAssets in the
- B. The seeded level 0 members under FCCS_Mvmts_Subtotal are shared members in the FCCS_CashFlow
- C. When you add a level 0 member to FCCS_Mvmts_Subtotal, it is automatically added as a shared member
- D. You can add shared members to the FCCS_CashChange hierarchy.
When enabling Multi-GAAP during application creation, which additional option is available?
- A. Automatically calculate adjustment
- B. Track Multi-Source Data Input
- C. Allow adjustments for IFRS
- D. Include Supplemental Data
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