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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Application Setup and Configuration28%- Application creation and configuration
  • 1. Manage dimensions and metadata
    • 2. Enable features like Multi-GAAP, Multi-Currency
      - Security and user management
      • 1. Dimension security setup
        • 2. Assign roles and access permissions
          Topic 2: Consolidation Rules and Eliminations26%- Consolidation logic and methods
          • 1. Ownership and investment elimination
            • 2. Non-controlling interest calculation
              - Advanced consolidation features
              • 1. Custom consolidation rules and Groovy scripts
                • 2. Currency translation setup and execution
                  Topic 3: Data Integration and Reporting22%- Reporting and analysis
                  • 1. Design reports and dashboards
                    • 2. Use Financial Reporting Studio
                      - Data loading and integration
                      • 1. Integrate with source systems
                        • 2. Data load rules and validation
                          Topic 4: Financial Close Management24%- Close process setup
                          • 1. Approval unit hierarchies and workflows
                            • 2. Use EPM Task Manager
                              - Journals and adjustments
                              • 1. Create and manage enterprise journals
                                • 2. Posting and approval processes

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  1. Which two statements are correct with regard to Data Management locations? (Choose two.)

                                  A) Locations must specify an import format, which may be used by other locations.
                                  B) The logic account group is required in order to effect running of calculations after the data load.
                                  C) Data load rules can be shared across locations.
                                  D) Location security allows users to be provisioned in Shared Services for read or modify access to each location.
                                  E) Locations can share dimension member mappings by specifying a location as a parent location of others.
                                  F) A company with three instances of Oracle EBS R12 should only use one location to maintain proper accounting controls.


                                  2. Which two are required fields when registering a source system in Data Management?

                                  A) Name
                                  B) Source System Type
                                  C) Drill Through URL
                                  D) Cloud Type


                                  3. You are required to define a form that displays all form data for only specific View dimension member and not allow users to change this.
                                  Where on the form do you define the View dimension and select the correct member?

                                  A) the Point of View
                                  B) a column
                                  C) Other Options section
                                  D) the Page Axis


                                  4. Which two statements are true regarding the Copy Data function?

                                  A) You can copy data for historical rate and amount overrides.
                                  B) You cannot select which Account members to copy.
                                  C) When you select the Regular Data option, journals data is included.
                                  D) You can select which Consolidation dimension member to copy.


                                  5. How can
                                  the Intercompany dimension be enabled within your application?

                                  A) In the metadata editor, select IC_Entity_Yes for the Intercompany Entity property for any entity.
                                  B) In the metadata editor, select IC_Acc_Yes for the Intercompany property for any account.
                                  C) During application creation, select the Intercompany Data option.
                                  D) In the metadata editor, select Enabled for the Intercompany property for the Entity dimension.


                                  Solutions:

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

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