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Oracle 1Z0-1081-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Overview and Architecture | 15% | - Architecture and deployment options - Oracle FCCS product overview and key capabilities - Navigation and user interface components |
| Topic 2: Configuration and Setup | 25% | - Entity structure and hierarchy configuration - Currency and exchange rate configuration - Chart of accounts setup - Period and calendar management - Application settings and preferences |
| Topic 3: Reporting and Analysis | 10% | - Report designer and templates - Dashboards and analysis tools - Financial reports and Smart View |
| Topic 4: Consolidation Processing | 20% | - Non-controlling interests - Consolidation methods and logic - Ownership and investment eliminations - Consolidation run and workflow |
| Topic 5: Security and Administration | 10% | - Security filters and data access controls - User roles and access management - System administration tasks |
| Topic 6: Data Management | 20% | - Intercompany transactions - Journal entries and adjustments - Data quality and validation rules - Data maps and data grids - Data loading and integration methods |
Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:
1. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D) Translated values for Closing Balance are adjusted to the ending rate for the period.
2. Which three tasks can users perform on Financial Consolidated Close Cloud data with Smart View in Excel? (Choose three.)
A) Run a rule such as Consolidate or Translate
B) Adjust data with Journals
C) Retrieve data
D) Submit data
3. Which statement
is FALSE when Intercompany Data is enabled?
A) Tracking intercompany eliminations is optional.
B) Intercompany accounts are assigned plug accounts.
C) The Intercompany Entity attribute for an Entity must be set to Yes to store intercompany data.
D) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
4. Which two statements are true about the Multi-GAAP feature? (Choose two.)
A) When you enable the Multi-GAAP feature, you can select manual adjustments or calculated adjustments.
B) Select this option if you need to report your financial statements only in IFRS.
C) You must specify a prefix for entities that use the alternate gap standard.
D) Enabling Multi-GAAP reduces the number of custom dimensions you can have.
5. For your
business process, you need to modify the results calculated by the Balance the Balance Sheet system rule.D18912E1457D5D1DDCBD40AB3BF70D5D Which is the proper method to modify the results of the default Balance the Balance Sheet calculation?
A) Edit the numbers using a web form or Smart View after consolidating.
B) Click Final Calculations on the Consolidation Process page and add a Configurable Calculation rule in
C) Click Configurable Consolidation on the Consolidation Process page and create a Configurable
D) Create an on-demand rule in Calculation Manager that you run after consolidation.
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A,C,D | Question # 3 Answer: D | Question # 4 Answer: A,D | Question # 5 Answer: C |
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