Oracle Cloud Certified Official Practice Test 1Z0-1081-24 - Jun-2026
Ace Oracle 1Z0-1081-24 Certification with Actual Questions Jun 30, 2026 Updated
NEW QUESTION # 90
Financial Consolidation
and Close maintains calculation status for which four dimensions?
- A. Data Source
- B. Entity
- C. Consolidation
- D. Scenario
- E. Year
- F. Period
Answer: B,C,D,F
Explanation:
Oracle Financial Consolidation Close Cloud maintains the calculation status for each Scenario, Period, Entity and Parent entity combination. The calculation status indicates whether data needs to be translated or consolidated.
NEW QUESTION # 91
For data load rules in Data Management, which two statements are FALSE?
- A. Valid load types are Merge and Replace.
- B. If specified, the import format will be used; if not, then the location's format will be used.
- C. Data load rules cannot be shared across locations.
- D. End users can upload a file when running a data load rule.
- E. A job must first run to import the data file before the user can run the data load rule.
Answer: A,E
NEW QUESTION # 92
Which three key requirements does the Financial Consolidation and Close Cloud Service (FCCS) deliver to ensure a modern consolidation and close solution? (Choose three.)
- A. Provide a strong compliance framework that includes auditing and segregation of duties.
- B. Integrate with source systems.
- C. Provide predictive analysis and modeling.
- D. Ensure security of sensitive data.
Answer: A,B,D
NEW QUESTION # 93
Three child entities - P, Q, and R - of a mid-level parent entity - AceCo - have account receivables in the amounts of 10, 20, and 30, respectively.
Which statement contains conditions for all three entities that would cause the account receivable balance amount at AceCo not to be 60?
- A. P has the same currency as AceCo, Q is 90% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- B. P has the same currency as AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with another division that is not a descendant of AceCo.
- C. P has a different currency than AceCo, Q is 100% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
- D. P has a different currency than AceCo, Q is 40% owned, and R has 10 of the 30 as an intercompany receivable balance with Q.
Answer: A
NEW QUESTION # 94
Which statement
about the Equity Pickup feature is FALSE?
- A. Equity Pickup rules run as part of the consolidation process.
- 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 are run on-demand from the Rules card by users with launch permissions.
Answer: A
NEW QUESTION # 95
What is the result of enabling the Calculate Movements system rule?
- A. Level 0 movement members become read only in web forms, and must be populated through data load.
- B. To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
- C. Closing Balance is aggregated from Opening Balance and the current period's movement value.
- D. The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
Answer: C
Explanation:
The result of enabling the Calculate Movements system rule is: Closing Balance is aggregated from Opening Balance and the current period's movement value. The Calculate Movements system rule is a predefined rule that calculates the movement values for each account based on the opening balance and closing balance input values. The rule also aggregates the closing balance from the opening balance and the current period's movement value. The rule can be executed manually or automatically depending on the application settings. The other options are not results of enabling the Calculate Movements system rule.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 59-60; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 9-4.
NEW QUESTION # 96
Which statement correctly describes the Consolidation dimension?
- A. The dimension contains members to store non-controlling interest and joint venture data.
- B. The dimension allows users to view data in the parent currency.
- C. The dimension allows users to see input versus journal adjustment data.
- D. The dimension uses a separate member for data from an entity's level-zero descendants.
Answer: D
Explanation:
The Consolidation dimension is used to store data at different levels of consolidation, such as Entity Input, Entity Currency, Parent Currency, etc. The dimension uses a separate member for data from an entity's level-zero descendants, which is called the Contribution member. This member shows the data from the children entities before any adjustments or eliminations are applied. The other statements are not correct descriptions of the Consolidation dimension. The dimension does not allow users to view data in the parent currency (this is done by the Currency dimension), to see input versus journal adjustment data (this is done by the Data Source dimension), or to store non-controlling interest and joint venture data (this is done by the Ownership dimension).Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 15-16; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-8.
NEW QUESTION # 97
Where do you set the Intercompany Entities Aggregation option?
- A. In the member properties of the Intercompany Entities member
- B. In the member properties of the Intercompany Top member
- C. On the Properties page of the Intercompany dimension
- D. In the Setup Wizard during business process creation
Answer: A
Explanation:
The place where you set the Intercompany Entities Aggregation option is in the member properties of the Intercompany Entities member. This is a system member in the Entity dimension that represents all entities that have intercompany data. You can set its aggregation option to either Dynamic Calc or Store, depending on whether you want to calculate or store its values. The other options are not places where you set the Intercompany Entities Aggregation option. In the member properties of the Intercompany Top member, you can set other options related to intercompany data, such as Intercompany Partner, Intercompany Elimination Entity, and Intercompany Elimination Method, but not Intercompany Entities Aggregation. On the Properties page of the Intercompany dimension, you can set options related to intercompany matching reports, such as Report Currency and Report Precision, but not Intercompany Entities Aggregation. In the Setup Wizard during business process creation, you can enable or disable intercompany data for your business process, but not set Intercompany Entities Aggregation.Oracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 35;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 5-11.
NEW QUESTION # 98
A client company has expanded quickly in the past year and has recognized the need to move their financial team off spreadsheets and to a more verifiable and automated solution.
Which two requirements from this team would Oracle's Financial Consolidation and Close Cloud Service satisfy? (Choose two.)
- A. leverage compliance efforts to fix process issues across all businesses and provide oversight for risk awareness
- B. provide the ability to collaborate during close and analyse transaction detail in real time
- C. robust consolidation engine that provides automated aggregations, intercompany eliminations and translations without requiring a strong IT footprint
- D. dashboard reporting with daily revenue comparisons and KPI's that measure cost controls
- E. a configurable reporting solution with prebuild dimensions, KPIs, reports along with a process to adjust data, monitor the close status and view data and compliance results in dashboards
Answer: D,E
NEW QUESTION # 99
Which dimension includes the FCCS_Global Assumption member that is used to store currency information?
- A. Account
- B. Currency
- C. Entity
- D. From Currency
Answer: D
NEW QUESTION # 100
You need
a report that displays all adjustments to account balances of child entities for a parent, including journal adjustments, intercompany eliminations, and adjustments from consolidation rules.
Which type of report can you run to accomplish this?
- A. Financial Report
- B. Consolidation Report
- C. Journal Report
- D. Intercompany Report
Answer: B
NEW QUESTION # 101
When creating a member mapping for account Sales in Data Management, the following script is entered. UD5 refers to a Product custom dimension:
WHEN UD5 LIKE 'CAR_%' THEN 'AUTO_SALES'
ELSE 'SALES'
Which statement is True?
- A. The script can be eliminated by using a multi-dim map on the Product dimension that also looks for the account Sales.
- B. The script will work if the script is referenced in the Explicit mapping type with #SQL as the target.
- C. The script will not work since Data Management does not support scripting.
- D. The script will work if the script is referenced in the In mapping type with #SQL as the target.
- E. The script will not work since the UD5 member referenced does not start with FCCS_
Answer: D
NEW QUESTION # 102
What is the correct Currency dimension member to select when running an Intercompany Matching Report?
- A. Entity Currency
- B. Input Currency
- C. Parent Currency
- D. Reporting Currency
Answer: D
Explanation:
Currency (Must be a Reporting Currency)
setting_up_intercompany_matching_reports.html
NEW QUESTION # 103
In Data Integration, for what purpose do you use Workbench?
- A. To configure data load options
- B. To review mapping of source to target members
- C. To define dimension mapping
- D. To edit the data load file format
Answer: B
Explanation:
The purpose of using Workbench in Data Integration is to review mapping of source to target members. Workbench allows you to view and edit how source data members are mapped to target application members. You can also validate, test, and run integrations from Workbench. The other options are not purposes of using Workbench in Data Integration. To edit the data load file format, you use File Format Editor. To define dimension mapping, you use Dimension Mapping Editor. To configure data load options, you use Application Details dialog boxOracle Financial Consolidation and Close 2023 Implementation Essentials Exam Study Guide, page 41;Oracle Financial Consolidation and Close Cloud Service User's Guide, page 9-4.
NEW QUESTION # 104
Which statement is true of journals created from Recurring templates?
- A. The initial status of journals created from Recurring templates is Posted.
- B. The initial status of journals created from Recurring templates is Approved.
- C. Journals for recurring templates are created automatically when you open a period for journals.
- D. The line items in journals created from Recurring templates are read only.
Answer: C
Explanation:
Journals for recurring templates are created automatically when you open a period for journals. Recurring templates are used to create journals that repeat in multiple periods with the same or different amounts. You can specify the frequency, start period, end period, and amount type for recurring templates. The initial status of journals created from recurring templates is Unposted, not Approved or Posted. The line items in journals created from recurring templates are editable, not read only.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 75-76; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 10-7.
NEW QUESTION # 105
For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?
- A. All parent members in the Account dimension must have a Solve Order value of 58.
- B. Account is a Sparse dimension.
- C. The View dimension stores only periodic data.
- D. You cannot add member formulas to members of the Movement dimension.
Answer: A
Explanation:
The statement that is false about when Intercompany Data is enabled is: All parent members in the Account dimension must have a Solve Order value of 58. This statement is not true because the Solve Order value of 58 is only required for the parent members of the Movement dimension, not the Account dimension. The Solve Order value determines the order of calculation for members with formulas. The Movement dimension uses a Solve Order value of 58 to ensure that the movement calculations are performed after the account calculations. The other statements are true about when Intercompany Data is enabled. Tracking intercompany eliminations is optional, intercompany accounts are assigned plug accounts, intercompany entities must be children of the same parent for eliminations, and the Intercompany Entity attribute must be set to Yes to store intercompany data.Oracle Financial Consolidation and Close 2023 Implementation Essentials Study Guide, page 18-19; [Oracle Financial Consolidation and Close Cloud Service Administrator's Guide], page 2-10.
NEW QUESTION # 106
To have access to Dimension Management from directly within Financial Consolidation and Close (FCCS) which security rights are required?
- A. Power User
- B. Metadata Administrator
- C. System Administrator
- D. Metadata Supervisor
Answer: B
Explanation:
Service Administrators have Write access to all dimension members and to all forms.
NEW QUESTION # 107
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