Exam Code: 1Z0-1081-24
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:

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

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  1. You are required to create a form to allow users to input dat
                                  a. Which three actions or form components selected should accomplish this?

                                  A) Give data input users WRITE access to form dimension members
                                  B) Set the currency on the form to the reporting currency member USD_Reporting
                                  C) Level 0 dimension members on POV, rows and columns
                                  D) Set access rights for data input users to the form


                                  2. How do you navigate if you want to export a form to a Snapshot file?

                                  A) From the Home page, select Tools, and then Clone Snapshot.
                                  B) Open the form, select Actions, and then Export.
                                  C) From the Navigator menu, select Forms.
                                  D) From the Home page, select Tools, and then Migration.


                                  3. Which customization can you perform on the Navigation Flows page?

                                  A) Set a default POV by user group.
                                  B) Select a color scheme.
                                  C) Select a data form to display at start up based on user group.
                                  D) Add or Hide cards.


                                  4. Which statement is FALSE about the Equity Pickup feature?

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


                                  5. When do you enable submission phases for your approval process?

                                  A) When you assign the approval unit hierarchy to a scenario, period, and year
                                  B) When you start the approval process for an approval unit on the Manage Approvals page
                                  C) When you set up the approval unit hierarchy
                                  D) When you set the member properties for the entity


                                  Solutions:

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

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