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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Consolidation and Close Execution- Intercompany eliminations and adjustments
- Run consolidations and currency translation
Topic 2: Task and Data Management- Manage close process using Task Manager
- Data import, export, and integrations
Topic 3: Overview of Financial Consolidation and Close- Consolidation and close process architecture
- Overview of FCCS features
Topic 4: Reporting and Dashboards- Create dashboards and data forms
- Design reports using Financial Reporting Studio
Topic 5: Dimension and Metadata Management- Manage dimensions and hierarchies
- Import and edit members
Topic 6: Setup and Configuration- Security configuration and user roles
- Application setup and business process configuration

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)

A) Consolidation
B) Period
C) Data Source
D) Entity
E) Year
F) Scenario


2. 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 - Opening
D) FX Rates - None
E) FX Rates - Ending


3. Which statement correctly describes the Consolidation dimension?

A) The dimension allows users to see input versus journal adjustment data.
B) The dimension uses a separate member for data from an entity's level-zero descendants.
C) The dimension allows users to view data in the parent currency.
D) The dimension contains members to store non-controlling interest and joint venture data.


4. Which four items are included in the Currency dimension? (Choose four.)

A) Entity Currency
B) Reporting Currencies
C) Journal Input Currencies
D) Parent Currency
E) Default Currency
F) Input Currencies


5. Which two statements are true about shared members in Valid Intersection rules? (Choose two.)

A) If the primary instance of the member is selected for a rule, all shared members for the instances are included.
B) Selecting the primary instance of a member does not include shared members.
C) Selecting a shared member for a rule does not include its primary instance.
D) If a shared member is selected for a rule, the primary instance of the member is selected as well.


Solutions:

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

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