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Oracle 1z0-1081-23 : 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 04, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. In Data Integration integrations, which two attributes are linked to the location selected for the integration?
                                        (Choose two.)

                                        A) Target application
                                        B) Data tile name
                                        C) Scenario
                                        D) Member mappings


                                        2. Which two statements are true about Enterprise Journals? (Choose two.)

                                        A) Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
                                        B) You cannot deploy Enterprise Journals to a period with Pending status.
                                        C) Line items can only include entities that have been enabled for Enterprise Journals.
                                        D) You can assign a team as preparer or reviewer.


                                        3. Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

                                        A) Create member formulas.
                                        B) Load data to this account.
                                        C) Load data to this account and create member formulas.
                                        D) Enter data through a data form.


                                        4. Which statement is FALSE regarding establishing security for Financial Consolidation and Close?

                                        A) The Identity Domain Administrator inherits full access privileges.
                                        B) Security can be assigned at a parent level.
                                        C) Security can be disabled for any dimension.
                                        D) Security is mandatory for one dimension.
                                        E) All members are accessible for dimensions with no security applied.


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

                                        A) The View dimension stores only periodic data.
                                        B) You cannot add member formulas to members of the Movement dimension.
                                        C) All parent members in the Account dimension must have a Solve Order value of 58.
                                        D) Account is a Sparse dimension.


                                        Solutions:

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

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