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

  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Aug 06, 2026     Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
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
          Journals and Adjustments- Manual and automated journals
          • 1. Journal creation and posting
            • 2. Adjustment entries and validation
              Close Process Management- Period close activities
              • 1. Monitoring and reconciliation processes
                • 2. Task lists and workflow management
                  FCCS Application Configuration- Application setup and configuration
                  • 1. Creating and configuring FCCS applications
                    • 2. Defining consolidation methods and settings
                      Security and Access Management- User roles and permissions
                      • 1. Access control for data and metadata
                        • 2. Security configuration in FCCS
                          Consolidation Process- Financial consolidation execution
                          • 1. Elimination and ownership processing
                            • 2. Currency translation
                              • 3. Consolidation rules and calculations
                                Data Integration and Loading- Data management processes
                                • 1. Data validation and transformation
                                  • 2. Data loading methods and mappings
                                    Reporting and Analysis- Financial reporting tools
                                    • 1. Data analysis and validation reporting
                                      • 2. Financial reports and Smart View

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. Which statement is FALSE about when Intercompany Data is enabled?

                                        A) Tracking intercompany eliminations is optional.
                                        B) Intercompany accounts are assigned plug accounts.
                                        C) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
                                        D) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.


                                        2. For which scenario would an On-Demand rule be an appropriate solution?

                                        A) To allocate data to base entities prior to consolidation
                                        B) To add a column with a calculation to a report
                                        C) To perform a custom currency translation for a subset of accounts
                                        D) To import data into a form or Smart View worksheet


                                        3. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)

                                        A) View
                                        B) Account
                                        C) Movement
                                        D) Consolidation


                                        4. Which two are insertable report objects when designing a report in Financial Reporting Studio? (Choose two.)

                                        A) Grid
                                        B) Header
                                        C) Footer
                                        D) Chart


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

                                        A) Load a data file
                                        B) Run a business rule
                                        C) Import journals
                                        D) Export metadata


                                        Solutions:

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

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