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

  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • Updated: Jul 22, 2026
  • Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)

                                        A) Values for Opening Balance are retrieved from the prior period's Closing Balance.
                                        B) Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
                                        C) Translated values for Closing Balance are adjusted to the ending rate for the period.
                                        D) Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.


                                        2. Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
                                        What will be users' default access to members in the Account dimension?

                                        A) Write
                                        B) None
                                        C) Comment
                                        D) Read


                                        3. Which four items are included in the Currency dimension? (Choose four.)

                                        A) Reporting Currencies
                                        B) Input Currencies
                                        C) Default Currency
                                        D) Entity Currency
                                        E) Parent Currency
                                        F) Journal Input Currencies


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

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


                                        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) Export metadata
                                        D) Import journals


                                        Solutions:

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

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