Free Oracle 1Z0-1081-26 Exam Questions

Become Oracle Certified with updated 1Z0-1081-26 exam questions and correct answers

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Total 168 Questions | Updated On: Sep 23, 2026

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Question 1

What will Financial Consolidation and Close (FCCS) do when adding a new member that is an expense type account under a parent that is set as an income type account?

A : this setting will not affect additions or subtractions to the next parent

B : subtract amounts consolidated to the parent

C : add amounts consolidated to the parent

D : you can’t load data to this account

Answer: B

Question 2

For business processes that use the Make Period and Movement Dense feature, which statement is FALSE?

A : Account is a Sparse dimension.

B : The View dimension stores only periodic data.

C : All parent members in the Account dimension must have a Solve Order value of 58.

D : You cannot add member formulas to members of the Movement dimension.

Answer: C

Question 3

UESTION NO: 64An entity’s Common Stock balance is made up of data loaded through Data Management and an adjustingjournal entry posted in the application. The Common Stock balance must not re-translate each month.What two data entries need to happen to have the Common Stock balance bypass the default translation ofequity accounts? (Choose two.)

A : Data entry to the Common Stock account with the FCCS_Amount Override member of theConsolidation dimension and the Data Source member FCCS_Managed Data.

B : A journal entry to reverse the adjusted Common Stock balance with the Data Source memberFCCS_Journal Input.

C : A journal entry to the Common Stock account with the FCCS_Amount Override member of theConsolidation dimension and the Data Source member FCCS_Journal Input.

D : Data entry to the Common Stock account with the Multi-GAAP FCCS_Adjustments member and theData Source member FCCS_Data Input.

Answer: B,D

Question 4

A new Sheet tab in Excel is copied from an existing tab that contains a Smart View query, but clickingRefresh does not refresh the data and the Smart View (Point of View) POV bar does not display.Which additional step is required to pull data in the new tab and change the POV?

A : Disconnect from the Smart View connection, and relog in.

B : Activate the Connection.

C : Close out of Excel, and relog in to Smart View.

D : Change one of the Row or Column dimension members and click Refresh.

Answer: B

Question 5

Which statement is FALSE when setting up Shared Entities?

A : The calculation status will not change in all instances when data is changed in one instance.

B : The Data Storage Member Property must set to “Dynamic Calc”.

C : You build an alternate hierarchy by using partial share Entity members.

D : When data is posted to one shared entity, the data is posted to all instances.

Answer: A

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Total 168 Questions | Updated On: Sep 23, 2026

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