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 02, 2026   Q&As: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:
SectionObjectives
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
          Journals and Adjustments- Manual and automated journals
          • 1. Journal creation and posting
            • 2. Adjustment entries and validation
              Close Process Management- Period close activities
              • 1. Monitoring and reconciliation processes
                • 2. Task lists and workflow management
                  Reporting and Analysis- Financial reporting tools
                  • 1. Data analysis and validation reporting
                    • 2. Financial reports and Smart View
                      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
                              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. Security configuration in FCCS
                                      • 2. Access control for data and metadata
                                        Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

                                        1. You want to display a single value in a financial dashboard from a single cell in a form.
                                        Which type of chart would you select?

                                        A) Line
                                        B) Bar
                                        C) Tile
                                        D) Gauge


                                        2. In the approval process, which four dimensions constitute an approval unit? (Choose four.)

                                        A) Year
                                        B) Data Source (Entity)
                                        C) Period
                                        D) Scenario
                                        E) Account


                                        3. When do you enable submission phases for your approval process?

                                        A) When you set up the approval unit hierarchy
                                        B) When you assign the approval unit hierarchy to a scenario, period, and year
                                        C) When you set the member properties for the entity
                                        D) When you start the approval process for an approval unit on the Manage Approvals page


                                        4. 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 - Opening
                                        C) FX Rates - Ending
                                        D) FX Rates - Historical
                                        E) FX Rates - None


                                        5. For which task categories is Audit enabled by default?

                                        A) All task categories
                                        B) No task categories
                                        C) Data only
                                        D) Journals


                                        Solutions:

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

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