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Oracle 1Z0-1081-24 Exam Syllabus Topics:

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

A) Minority Interest Percentage
B) Consolidation Method
C) Control
D) Consolidation Percentage
E) Ownership Percentage

2. You need
a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?

A) Financial Report
B) Intercompany Report
C) Journal Report
D) Consolidation Report

3. Financial Consolidation and Close Cloud Service (FCCS) provides a consolidation path through which dimension combination?

A) Entity, Consolidation, Currency
B) Consolidation, Currency, Account
C) Currency, Account, Movement
D) Entity, Currency, Account

4. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

A) The Identity Domain Administrator inherits full access privileges.
B) All members are accessible for dimensions with no security applied.
C) Security can be assigned at a parent level.
D) Security can be disabled for any dimension.
E) Security is mandatory for one dimension.

5. The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
To define a Close Manager task template to monitor all seven days, which day range should you define?

A) Day -3 to Day 4
B) Day -3 to Day 3
C) Day 1 to Day 7
D) Day -2 to Day 4

Solutions: