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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financial Consolidation and Close 2023 Implementation Professional |
| Exam Number: | 1Z0-1081-23 |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Cloud Enterprise Performance Management |
| Passing Score: | 66% |
| Real Exam Qty: | 55-60 |
| Exam Price: | $245 USD |
| Available Languages: | English |
| Certificate Validity Period: | 24 months |
| Recommended Training: | Oracle EPM Cloud Learning Subscription Oracle Financial Consolidation and Close 2023 Implementation Training |
| Exam Registration: | Oracle University Registration Pearson VUE Scheduling |
| Sample Questions: | Oracle 1z0-1081-23 Sample Questions |
| Exam Way: | Online proctored or onsite testing via Pearson VUE |
| Pre Condition: | No mandatory prerequisites; hands-on experience with Oracle EPM Cloud and FCCS is strongly recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financial-consolidation-and-close-2023-implementation-professional/pexam_1Z0-1081-23 |
| Section | Weight | Objectives |
|---|---|---|
| Consolidation Process and Logic | 28% | - Ownership management and consolidation methods - Consolidation workflow and balance calculation - Currency translation and exchange rates - Intercompany eliminations and adjustments |
| Data Integration and Reporting | 22% | - EPM Automate and application maintenance - Financial reporting and dashboards - Data forms and valid intersections - Data loading and integration configuration |
| Close Process and Journal Management | 22% | - Supplemental Data setup - Task Manager configuration - Approval units and workflow - Journal creation, approval and posting |
| Application Setup and Configuration | 28% | - Security setup and role assignment - System settings and validation - Dimension management and metadata configuration - FCCS architecture and business process setup |
1. Which two conditions are required for foreign currency translation to take place during the default consolidation process? (Choose two.)
A) The child entity is NOT a shared entity.
B) The default currency of the child is different from the default currency of the parent.
C) To specify exchange rates you must set up multiple currencies when creating an application.
D) Reporting currencies have been defined in the Currency dimension.
2. Which three dimensions can be included in an approval group? (Choose three.)
A) Scenario
B) Multi-GAAP
C) Entity
D) Movement
E) Account
3. Which statement is FALSE about when Intercompany Data is enabled?
A) In order for intercompany data to be eliminated, intercompany entities must be children of the same parent.
B) Tracking intercompany eliminations is optional.
C) The Intercompany Entity attribute for an entity must be set to Yes to store intercompany data.
D) Intercompany accounts are assigned plug accounts.
4. 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) Set the consolidation member on the form to FCCS Entity Input.
C) Select level 0 dimension members for POV\ rows, and columns. www*'
D) Grant the data input users Write access to the dimension members used on the form.
E) Set the currency on the form to Parent Currency.
5. For which task categories is Audit enabled by default?
A) All task categories
B) Journals
C) Data only
D) No task categories
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: A,C,E | Question # 3 Answer: A | Question # 4 Answer: B,C,D | Question # 5 Answer: A |
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