Oracle 1z0-1081-23 Exam : Oracle Financial Consolidation and Close 2023 Implementation Professional

Oracle 1z0-1081-23 exam
  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Sep 18, 2026
  • Q & A: 60 Questions and Answers
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Oracle 1z0-1081-23 Exam Syllabus Topics:
SectionObjectives
Topic 1: Data Integration and Loading- Data management processes
  • 1. Data loading methods and mappings
    • 2. Data validation and transformation
      Topic 2: Close Process Management- Period close activities
      • 1. Monitoring and reconciliation processes
        • 2. Task lists and workflow management
          Topic 3: Consolidation Process- Financial consolidation execution
          • 1. Elimination and ownership processing
            • 2. Consolidation rules and calculations
              • 3. Currency translation
                Topic 4: Security and Access Management- User roles and permissions
                • 1. Security configuration in FCCS
                  • 2. Access control for data and metadata
                    Topic 5: Journals and Adjustments- Manual and automated journals
                    • 1. Journal creation and posting
                      • 2. Adjustment entries and validation
                        Topic 6: FCCS Application Configuration- Application setup and configuration
                        • 1. Defining consolidation methods and settings
                          • 2. Creating and configuring FCCS applications
                            Topic 7: Reporting and Analysis- Financial reporting tools
                            • 1. Data analysis and validation reporting
                              • 2. Financial reports and Smart View
                                Topic 8: Metadata and Dimensions- Core dimensions
                                • 1. Movement, Intercompany, Data Source
                                  • 2. Account, Entity, Scenario, Version
                                    - Metadata management
                                    • 1. Validation and hierarchy design
                                      • 2. Loading and maintaining metadata
                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
                                        Question #1

                                        Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

                                        • A. Ownership Percentage
                                        • B. Consolidation Method
                                        • C. Consolidation Percentage
                                        • D. Minority Interest Percentage
                                        • E. Control
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,B,C  🗳️

                                        Explanation: Only visible for PassExamDumps members. You can sign-up / login (it's free).

                                        Question #2

                                        Which components are prebuilt into Financial Consolidation and Close to provide a configurable and scalable consolidation solution?

                                        • A. Calculations, dashboards, and reports built on planning frameworks to provide cash flow planning
                                        • B. Calculations, dashboards, and reports to provide analysis for cash flow modeling
                                        • C. Calculations, dashboards, and reports as well as detailed data source tracking and an automated cash flow
                                        • D. Pre-built integrations to combine narrative and data to produce both internal and external reporting packages
                                        Reveal Solution  Discussion  0

                                        Correct Answer: C  🗳️

                                        Explanation: Only visible for PassExamDumps members. You can sign-up / login (it's free).

                                        Question #3

                                        Which three dimensions can be included in an approval group? (Choose three.)

                                        • A. Multi-GAAP
                                        • B. Scenario
                                        • C. Account
                                        • D. Entity
                                        • E. Movement
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,C,D  🗳️

                                        Explanation: Only visible for PassExamDumps members. You can sign-up / login (it's free).

                                        Question #4

                                        Which two are NOT selectable as Workflow dimensions for a Collection Interval in Supplemental Data Manager? (Choose two.)

                                        • A. Year
                                        • B. Scenario
                                        • C. Period
                                        • D. Account
                                        • E. Entity
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C  🗳️

                                        Explanation: Only visible for PassExamDumps members. You can sign-up / login (it's free).

                                        Question #5

                                        What is the result of enabling the Calculate Movements system rule?

                                        • A. The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
                                        • B. To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.
                                        • C. Level 0 movement members become read only in web forms, and must be populated through data load.
                                        • D. Closing Balance is aggregated from Opening Balance and the current period's movement value.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

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