1z0-1081-23 exam dumps

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  • Exam Code: 1z0-1081-23
  • Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
  • No. of Questions: 60 Questions and Answers
  • Updated: Sep 06, 2026

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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Application Setup and Configuration28%- Dimension management and metadata configuration
- Security setup and role assignment
- System settings and validation
- FCCS architecture and business process setup
Topic 2: Data Integration and Reporting22%- Data loading and integration configuration
- Financial reporting and dashboards
- Data forms and valid intersections
- EPM Automate and application maintenance
Topic 3: Close Process and Journal Management22%- Journal creation, approval and posting
- Supplemental Data setup
- Approval units and workflow
- Task Manager configuration
Topic 4: Consolidation Process and Logic28%- Intercompany eliminations and adjustments
- Ownership management and consolidation methods
- Consolidation workflow and balance calculation
- Currency translation and exchange rates

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

For which scenario would an On-Demand rule be an appropriate solution?

A. To add a column with a calculation to a report
B. To import data into a form or Smart View worksheet
C. To allocate data to base entities prior to consolidation
D. To perform a custom currency translation for a subset of accounts


Question 2

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.


Question 3

You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A. In the member selection for Entity, do not include shared entities; include only primary instances of entities.
B. Select level 0 dimension members for POV\ rows, and columns. www*'
C. Grant the data input users Write access to the dimension members used on the form.
D. Set the currency on the form to Parent Currency.
E. Set the consolidation member on the form to FCCS Entity Input.


Question 4

Which statement is true if the Intercompany Data feature is not enabled when the Financial Consolidation and Close (FCC) business process is created?

A. An extra custom dimension is available.
B. The ICP dimension is omitted.
C. Data can be stored by the intercompany partner but no eliminations occur.
D. The FCCS No Intercompany member of the ICP dimension is used for all data.


Question 5

Which two rate account options are available when configuring default translation methods for Flow and Balance accounts? (Choose two.)

A. FX Rates - Average
B. FX Rates - Historical
C. FX Rates - Ending
D. FX Rates - Opening
E. FX Rates - None


Solutions:

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

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