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Oracle 1Z0-1081-24 real answers - Oracle Financial Consolidation and Close 2024 Implementation Professional

1Z0-1081-24
  • Exam Code: 1Z0-1081-24
  • Exam Name: Oracle Financial Consolidation and Close 2024 Implementation Professional
  • Updated: Jul 13, 2025
  • Q & A: 173 Questions and Answers
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Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. Which three scenarios result in foreign currency translation during the default consolidation process?

A) A base entity has the same default currency as its parent.
B) A shared entity has a different default currency than its parent
C) A parent entity has a different default currency than its parent.
D) A parent entity has the same default currency as its parent.
E) A base entity has a different default currency than its parent.


2. When defining a batch in Data Management, which statement is True?

A) A batch can load to multiple plan types.
B) Batches can execute data loads for multiple locations.
C) Batches can import from source or export to target, but not both.
D) Each data load rule must specify the period or the batch will default to the POV period.
E) A batch replaces the need for data load rules.


3. Which two members of the Consolidation dimension cause the standard foreign currency translation rules to be ignored? (Choose two.)

A) FCCS_Proportion
B) FCCS_Elimination
C) FCCS_Contribution
D) FCCS_Translation
E) FCCS_Amount_Override
F) FCCS_Rate Override


4. When a Financial Consolidation and Close (FCCS) application was created, no intercompany options were enabled.
Which statement is true?

A) The ICP dimension will be omitted.
B) The FCCS_No Intercompany member of the ICP dimension will be used for all data.
C) An extra custom dimension will be available.
D) Data can be stored by intercompany partner but no eliminations will occur.


5. What member of the Consolidation dimension aggregates the Proportion member and the Elimination members?

A) FCCS_Entity Consolidation
B) FCCS_Parent Currency
C) FCCS_Contribution
D) FCCS_Entity Total


Solutions:

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

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