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Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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 2: Financial Close Management24%- Close process setup
          • 1. Approval unit hierarchies and workflows
            • 2. Use EPM Task Manager
              - Journals and adjustments
              • 1. Posting and approval processes
                • 2. Create and manage enterprise journals
                  Topic 3: Application Setup and Configuration28%- Application creation and configuration
                  • 1. Enable features like Multi-GAAP, Multi-Currency
                    • 2. Manage dimensions and metadata
                      - Security and user management
                      • 1. Dimension security setup
                        • 2. Assign roles and access permissions
                          Topic 4: 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

                                  Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                  1. Which statement
                                  about the Equity Pickup feature is FALSE?

                                  A) Equity Pickup rules are run on-demand from the Rules card by users with launch permissions.
                                  B) Seeded rule-sets are provided for Equity Pickup.
                                  C) Equity Pickup requires that the Ownership Management with Equity Pickup feature is enabled.
                                  D) Equity Pickup rules run as part of the consolidation process.


                                  2. Which statement is FALSE about running consolidations?

                                  A) When you run consolidation for a child with the Impacted calculation status, the parent entity is also re-consolidated.
                                  B) When you consolidate a parent, children with the Impacted calculation status are also consolidated.
                                  C) Running consolidation using the Force Consolidate option consolidates entities with any calculation status other than OK or NO DATA.
                                  D) When you consolidate an entity for a period, prior periods with the Impacted calculation status are also consolidated.


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


                                  4. Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

                                  A) Location Attributes section of the Create Integration dialog box
                                  B) Options tab of the Application Details dialog box
                                  C) Execute Integration dialog box
                                  D) Workbench


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

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


                                  Solutions:

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

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