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Last Updated: Aug 07, 2026

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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Reporting and Analysis10%- Financial reports and Smart View
- Dashboards and analysis tools
- Report designer and templates
Security and Administration10%- User roles and access management
- System administration tasks
- Security filters and data access controls
Overview and Architecture15%- Navigation and user interface components
- Architecture and deployment options
- Oracle FCCS product overview and key capabilities
Data Management20%- Data loading and integration methods
- Journal entries and adjustments
- Data maps and data grids
- Intercompany transactions
- Data quality and validation rules
Configuration and Setup25%- Period and calendar management
- Entity structure and hierarchy configuration
- Chart of accounts setup
- Currency and exchange rate configuration
- Application settings and preferences
Consolidation Processing20%- Consolidation methods and logic
- Ownership and investment eliminations
- Non-controlling interests
- Consolidation run and workflow

Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

1. 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.


2. Financial Consolidation
and Close maintains calculation status for which four dimensions?

A) Year
B) Data Source
C) Consolidation
D) Period
E) Entity
F) Scenario


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

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


4. When creating an application in Financial Consolidation and Close (FCCS), what Time Periods sections can be made?

A) Any number of months can be selected
B) 12-month only
C) 12-month, 13-month and a 14-month
D) 12-month and 13-month


5. Which two
statements are true of the roll forward calculation in the Movement dimension?

A) Values for Opening Balance are retrieved from the prior period Closing Balance.
B) Values for base-level Movement members are calculated as the difference between Closing Balance and
C) Translated values for Closing Balance are adjusted to the ending rate for the period.
D) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.


Solutions:

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

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