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Updated: Sep 01, 2026

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Oracle 1Z0-1081-24 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financial Consolidation and Close 2024 Implementation Professional
Exam Number:1Z0-1081-24
Passing Score:65-70%
Exam Duration:90 minutes
Certificate Validity Period:2 years
Available Languages:English
Related Certifications:Oracle Cloud EPM Tax Reporting
Oracle Cloud EPM Planning
Oracle Cloud EPM Account Reconciliation
Exam Format:Multiple Response, Multiple Choice
Real Exam Qty:55-60
Exam Price:245 USD (approx.)
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

Oracle 1Z0-1081-24 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journals and Adjustments- Journal management
  • 1. Creating and posting journals
    • 2. Adjustment entries and validations
      Topic 2: Security and Access- User and role management
      • 1. Access permissions and data restrictions
        • 2. Security configuration
          Topic 3: Intercompany Processing- Intercompany transactions
          • 1. Matching and elimination
            • 2. Reconciliation processes
              Topic 4: Rules and Automation- Business rules and calculation logic
              • 1. Rule development and validation
                • 2. Automated consolidation scripts
                  Topic 5: Reporting and Analysis- Financial reporting
                  • 1. Financial reports and dashboards
                    • 2. Smart View reporting integration
                      Topic 6: Consolidation Process- Financial consolidation activities
                      • 1. Ownership and consolidation methods
                        • 2. Currency translation
                          • 3. Elimination rules and processing
                            Topic 7: Close Process Management- Period close activities
                            • 1. Validation and review procedures
                              • 2. Close process automation
                                Topic 8: Application Configuration- FCCS application setup and configuration
                                • 1. Creating and configuring applications
                                  • 2. Setting up dimensions (Account, Entity, Scenario, Time, View)
                                    Topic 9: Data Integration- Data loading and management
                                    • 1. Importing and validating data
                                      • 2. Data Management / Data Integration workflows

                                        Oracle Financial Consolidation and Close 2024 Implementation Professional Sample Questions:

                                        Question 1

                                        PQR Company has the ownership structure shown above.
                                        If H_1 lends money to P_2, the intercompany elimination of H_1's receivable occurs as data from Hickory consolidates into PQR. What is this principle called?

                                        A. Generation 0
                                        B. First common parent
                                        C. First order relation
                                        D. Lowest common denominator


                                        Question 2

                                        Which two data extract export file types are available within Financial Consolidation and Close (FCCS)? (Choose two.)

                                        A. Tab delimited
                                        B. Comma delimited
                                        C. Excel XLS file type
                                        D. DAT file type


                                        Question 3

                                        The close cycle covers seven days and consists of three days of pre-close preparation tasks, one day to close the books, and then three days of reviewing, analyzing, and reporting.
                                        To define a Close Manager task template to monitor all seven days, which day range should you define?

                                        A. Day -2 to Day 4
                                        B. Day 1 to Day 7
                                        C. Day -3 to Day 3
                                        D. Day -3 to Day 4


                                        Question 4

                                        You want to display a single value in a financial dashboard from a single cell in a form.
                                        Which type of chart would you select?

                                        A. Line
                                        B. Bar
                                        C. Gauge
                                        D. Tile


                                        Question 5

                                        If the Intercompany Property for an Entity is changed from marked to unmarked, which result occurs?

                                        A. The alias of the associated Intercompany member is automatically updated.
                                        B. The alias of the associated Intercompany member must be manually changed.
                                        C. The associated Intercompany member must be manually removed.
                                        D. The associated Intercompany member is automatically removed.


                                        Solutions:

                                        Question 1
                                        Answer: B
                                        Question 2
                                        Answer: A,B
                                        Question 3
                                        Answer: B
                                        Question 4
                                        Answer: D
                                        Question 5
                                        Answer: A

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