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

Exam Code: 1z0-1081-23

Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional

Updated: Aug 06, 2026

Q & A: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. What is the result of enabling the Calculate Movements system rule?

                                        A) Level 0 movement members become read only in web forms, and must be populated through data load.
                                        B) Closing Balance is aggregated from Opening Balance and the current period's movement value.
                                        C) The current period's movement value is calculated as the difference between Closing Balance Input and Opening Balance.
                                        D) To support forecasting and budgeting, periodic movements are calculated from the quarterly or annual target values that are entered.


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

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


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

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


                                        4. Which four sample ratios can be selected during business process creation? (Choose four.)

                                        A) Earnings per Share
                                        B) Contribution Margin
                                        C) Days Sales in Receivables
                                        D) Gross Margin
                                        E) Debt Ratio
                                        F) Inventory Ratios


                                        5. What member of the Consolidation dimension represents the aggregated value before proportionalization and elimination?

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


                                        Solutions:

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

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