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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: Sep 13, 2026

Q & A: 60 Questions and Answers

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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
      Consolidation Process- Financial consolidation execution
      • 1. Consolidation rules and calculations
        • 2. Currency translation
          • 3. Elimination and ownership processing
            Security and Access Management- User roles and permissions
            • 1. Access control for data and metadata
              • 2. Security configuration in FCCS
                Metadata and Dimensions- Core dimensions
                • 1. Movement, Intercompany, Data Source
                  • 2. Account, Entity, Scenario, Version
                    - Metadata management
                    • 1. Loading and maintaining metadata
                      • 2. Validation and hierarchy design
                        Journals and Adjustments- Manual and automated journals
                        • 1. Adjustment entries and validation
                          • 2. Journal creation and posting
                            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 loading methods and mappings
                                  • 2. Data validation and transformation
                                    FCCS Application Configuration- Application setup and configuration
                                    • 1. Creating and configuring FCCS applications
                                      • 2. Defining consolidation methods and settings

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        Question #1
                                        What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

                                        A. FCCS Totallnput And Adisuted
                                        B. FCCS Entity Consolidation
                                        C. FCCS Contribution
                                        D. FCCS Entity Total


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

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


                                        Question #3
                                        Where do you set the Intercompany Entities Aggregation option?

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


                                        Question #4
                                        Where in Data Integration do you specify the default member for the Multi-GAAP dimension?

                                        A. Workbench
                                        B. Options tab of the Application Details dialog box
                                        C. Location Attributes section of the Create Integration dialog box
                                        D. Execute Integration dialog box


                                        Question #5
                                        When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

                                        A. Intercompany Account
                                        B. Plug Account
                                        C. Intercompany Entity
                                        D. Is Plug Account


                                        Solutions:

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

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