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  • 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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  • Exam Code: 1z0-1081-23
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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. Which two statements about the Copy Data function are true? (Choose two.)

                                        A) You can copy data for historical rate and amount overrides.
                                        B) You cannot select which Account members to copy.
                                        C) You can select which Consolidation dimension member to copy.
                                        D) When you select the Regular Data option, journals data is included.


                                        2. Which statement is FALSE about Task Manager schedules?

                                        A) You can still add tasks to a schedule that has been closed.
                                        B) To start all the tasks in a schedule, you must change the status from Pending to Open.
                                        C) You can re-open a schedule that has been locked.
                                        D) Users can still complete tasks in a schedule that has been closed.


                                        3. Which statement correctly describes what happens to parent entities during consolidation?

                                        A) Since parent entities are tagged as Dynamic Calc. the consolidation has no effect on the entity dimension.
                                        B) The changes in the relational database are synced to the underlying Essbase cube.
                                        C) Data from the FCCS Contribution Consolidation dimension member of the child entities is aggregated and stored in the FCCS Entity Consolidation member of the parent entities
                                        D) For each child entity, the period Opening Balance is subtracted from the period Closing Balance to determine the current period change value, and the values are aggregated to the FCCSJEntrty Consolidation member of the parent.


                                        4. Where do you set the Intercompany Entities Aggregation option?

                                        A) In the member properties of the Intercompany Entities member
                                        B) In the member properties of the Intercompany Top member
                                        C) In the Setup Wizard during business process creation
                                        D) On the Properties page of the Intercompany dimension


                                        5. Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?

                                        A) You can include the inbox and outbox contents in the clone.
                                        B) You can include Data Management artifacts in the clone.
                                        C) You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
                                        D) The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.


                                        Solutions:

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

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