Updated: Aug 20, 2026
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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financial Consolidation and Close 2024 Implementation Professional |
| Exam Number: | 1Z0-1081-24 |
| Real Exam Qty: | 55-60 |
| Certificate Validity Period: | 2 years |
| Related Certifications: | Oracle Cloud EPM Planning Oracle Cloud EPM Account Reconciliation Oracle Cloud EPM Tax Reporting |
| Passing Score: | 65-70% |
| Exam Price: | 245 USD (approx.) |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Response |
| Recommended Training: | Oracle Cloud EPM Learning Path Oracle University FCCS Implementation Training |
| Exam Registration: | Oracle Certification Overview Pearson VUE Oracle Exams |
| Sample Questions: | Oracle 1Z0-1081-24 Sample Questions |
| Exam Way: | Online proctored or test center via Pearson VUE |
| Pre Condition: | Recommended experience with Oracle Cloud EPM Financial Consolidation and Close implementation or equivalent foundational knowledge in financial consolidation systems. |
| Official Syllabus URL: | https://education.oracle.com |
| Section | Objectives |
|---|---|
| Topic 1: Intercompany Processing | - Intercompany transactions
|
| Topic 2: Rules and Automation | - Business rules and calculation logic
|
| Topic 3: Application Configuration | - FCCS application setup and configuration
|
| Topic 4: Data Integration | - Data loading and management
|
| Topic 5: Reporting and Analysis | - Financial reporting
|
| Topic 6: Security and Access | - User and role management
|
| Topic 7: Consolidation Process | - Financial consolidation activities
|
| Topic 8: Journals and Adjustments | - Journal management
|
| Topic 9: Close Process Management | - Period close activities
|
1. 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.
2. When setting an account property to a data storage type of "Dynamic Calc" which two are allowed?
A) create Member Formulas
B) load data to this account
C) Member Formulas cannot be created
D) load data to this account and make member formulas
3. Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)
A) FX Rates - Historical
B) FX Rates - Average
C) FX Rates - Opening
D) FX Rates - None
E) FX Rates - Ending
4. Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
A) Entity
B) From Currency
C) Currency
D) Account
5. In Data Integration, for what purpose do you use Workbench?
A) To review mapping of source to target members
B) To edit the data load file format
C) To define dimension mapping
D) To configure data load options
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,D | Question # 3 Answer: B,E | Question # 4 Answer: B | Question # 5 Answer: A |
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