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: Sep 26, 2026
  • Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Metadata and Dimensions- Core dimensions
  • 1. Account, Entity, Scenario, Version
    • 2. Movement, Intercompany, Data Source
      - Metadata management
      • 1. Loading and maintaining metadata
        • 2. Validation and hierarchy design
          Topic 2: Journals and Adjustments- Manual and automated journals
          • 1. Adjustment entries and validation
            • 2. Journal creation and posting
              Topic 3: Reporting and Analysis- Financial reporting tools
              • 1. Financial reports and Smart View
                • 2. Data analysis and validation reporting
                  Topic 4: Security and Access Management- User roles and permissions
                  • 1. Access control for data and metadata
                    • 2. Security configuration in FCCS
                      Topic 5: Consolidation Process- Financial consolidation execution
                      • 1. Elimination and ownership processing
                        • 2. Consolidation rules and calculations
                          • 3. Currency translation
                            Topic 6: FCCS Application Configuration- Application setup and configuration
                            • 1. Defining consolidation methods and settings
                              • 2. Creating and configuring FCCS applications
                                Topic 7: Close Process Management- Period close activities
                                • 1. Task lists and workflow management
                                  • 2. Monitoring and reconciliation processes
                                    Topic 8: Data Integration and Loading- Data management processes
                                    • 1. Data validation and transformation
                                      • 2. Data loading methods and mappings

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        Question #1

                                        How do you navigate if you want to export a form to a Snapshot file?

                                        • A. From the Home page, select Tools, and then Migration.
                                        • B. From the Home page, select Tools, and then Clone Snapshot.
                                        • C. From the Navigator menu, select Forms.
                                        • D. Open the form, select Actions, and then Export.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

                                        Explanation: Only visible for Free4Torrent members. You can sign-up / login (it's free).

                                        Question #2

                                        The company PQR has an ownership structure as shown below.

                                        H_1 has an intercompany transaction with P_2. For which entity or entities does consolidation need to be run in order for the transaction to be eliminated?

                                        • A. H 1 and P 2
                                        • B. PQR
                                        • C. No elimination is performed, because H 1 and P 1 do not have the same parent.
                                        • D. Hickory and Paducah
                                        Reveal Solution  Discussion  0

                                        Correct Answer: D  🗳️

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                                        Question #3

                                        Which statement is true of journals created from Recurring templates?

                                        • A. The initial status of journals created from Recurring templates is Approved.
                                        • B. Journals for recurring templates are created automatically when you open a period for journals.
                                        • C. The initial status of journals created from Recurring templates is Posted.
                                        • D. The line items in journals created from Recurring templates are read only.
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B  🗳️

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                                        Question #4

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

                                        • A. Parent Currency
                                        • B. Journal Input Currencies
                                        • C. Reporting Currencies
                                        • D. Entity Currency
                                        • E. Input Currencies
                                        • F. Default Currency
                                        Reveal Solution  Discussion  0

                                        Correct Answer: B,C,D,E  🗳️

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                                        Question #5

                                        Which three can be manually edited on the Manage Ownership page in a Financial Consolidation and Close business process with Ownership Management enabled? (Choose three.)

                                        • A. Ownership Percentage
                                        • B. Control
                                        • C. Consolidation Method
                                        • D. Minority Interest Percentage
                                        • E. Consolidation Percentage
                                        Reveal Solution  Discussion  0

                                        Correct Answer: A,C,E  🗳️

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