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Oracle 1z0-1081-23 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financial Consolidation and Close 2023 Implementation Professional |
| Exam Number: | 1Z0-1081-23 |
| Certificate Validity Period: | Certificate does not expire once earned (no stated expiry for this exam) |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 60 |
| Related Certifications: | Oracle Financial Consolidation and Close 2023 Certified Implementation Professional |
| Exam Price: | USD not publicly listed (Oracle exam pricing varies by region) |
| Exam Format: | Multiple choice |
| Passing Score: | 66% |
| Available Languages: | English |
| Sample Questions: | Oracle 1z0-1081-23 Sample Questions |
| Exam Way: | Delivered as a proctored multiple-choice exam, scheduled via Oracle's certification platform. |
| Pre Condition: | Hands-on experience with Oracle FCCS recommended; no mandatory prerequisites listed. |
| Official Syllabus URL: | https://www.oracle.com/education/certification/ |
Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Task and Data Management | - Data import, export, and integrations - Manage close process using Task Manager |
| Topic 2: Consolidation and Close Execution | - Run consolidations and currency translation - Intercompany eliminations and adjustments |
| Topic 3: Dimension and Metadata Management | - Import and edit members - Manage dimensions and hierarchies |
| Topic 4: Reporting and Dashboards | - Design reports using Financial Reporting Studio - Create dashboards and data forms |
| Topic 5: Overview of Financial Consolidation and Close | - Overview of FCCS features - Consolidation and close process architecture |
| Topic 6: Setup and Configuration | - Security configuration and user roles - Application setup and business process configuration |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
1. Which statement explains why, in the Consolidation dimension, the data for an entity in the FCCS_Entity Input member might be different from the data in the FCCS_Proportion member?
A) A rate was entered into the FCCS Rate Override account.
B) The parent entity has a different currency than the child.
C) An intercompany elimination was performed.
D) An ownership percentage for the entity other than 100 was entered.
2. Where can you set the default member for the Currency dimension in a Data Integration integration?
A) Run Integration dialog box
B) Options tab of the Application Details dialog box
C) Map Members tab in the Create Integration dialog box
D) Location Attributes in the Create Integration dialog box
3. For your business process, owners of approval units should be able to lock and unlock data without going through an approval process.
Which action should you perform?
A) Select the Consolidation template when setting up the Approval Unit hierarchy.
B) Select users with the Service Administrator security role.
C) Delete the default Approval Unit hierarchy.
D) Select the Consolidation Bottom Up template when setting up the Approval Unit hierarchy.
4. When using the Copy Data feature to copy data, for which two dimensions is member selection NOT available? (Choose two.)
A) Consolidation
B) Account
C) View
D) Movement
5. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
A) The default currency of the child is different from the default currency of the parent.
B) To specify exchange rates you must set up multiple currencies when creating an application.
C) Reporting currencies have been defined in the Currency dimension.
D) The child entity is NOT a shared entity.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A,C | Question # 5 Answer: A,C |
By Dunn
