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: Jul 31, 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:

                                        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


                                        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


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

                                        A) Multi-GAAP
                                        B) Scenario
                                        C) Account
                                        D) Entity
                                        E) Movement


                                        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


                                        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.


                                        Solutions:

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

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