Free Practice Oracle 1Z0-1081-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Financial Consolidation and Close 2024 Implementation Professional 1Z0-1081-24 Dumps Practice Questions

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Total 168 Questions | Updated On: Mar 28, 2025

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Question 1

Which two prebuilt calculations run on the Movement dimension to determine CTA by account?

A : Prior Average Rate minus Current Average Rate multiplied by FCCS_Mvmts_Subtotal

B : Prior Ending Rate minus Current Ending Rate divided by FCCS_Mvmts_Subtotal

C : FCCS_OpeningBalance multiplied by Ending Rate minus FCCS_OpeningBalance carry forward

D : FCCS_Mvmts_Subtotal multiplied by ending Rate minus FCCS_Mvmts_Subtotal multiplied by Average Rate

Answer: C,D

Question 2

A company is based in the United Kingdom and has an application currency set to GBP. The company collects

data from a United States based subsidiary. The subsidiary’s functional currency is USD.

Which two items facilitate the reporting of the subsidiary’s Common Stock balance at an historical rate in the

GBP reporting currency? (Choose two.)

A : Common Stock must have an Exchange Rate Type set to Historical Rate Override.

B : The subsidiary must have a balance not equal to zero in Common Stock.

C : Common Stock must have a Data Storage property set to Never Share.

D : USD must be created as a reporting currency.

E : The subsidiary must have a parent entity with a GBP currency.

Answer: A,B

Question 3

When designing a report in Financial Reporting Studio, which item is NOT an insert-able report object?

A : Chart

B : Grid

C : Image

D : Header

Answer: D

Question 4

For which three tasks can Data Management be used? (Choose three.)

A : loading data that is period-to-date or year-to-date

B : drilling through from a web form or Smart View

C : loading data from a fixed width or delimited text file

D : writing back data to source systems

E : loading a Metadata Import File

Answer: B,C,D

Question 5

Which is NOT a Financial Consolidation and Close task that you can perform using EPM Automate?

A : Import journals

B : Run a business rule

C : Load a data file

D : Export metadata

Answer: A

Page: 1 / 34

Total 168 Questions | Updated On: Mar 28, 2025

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