Try Oracle : 1z0-1081-23 valid & accurate questions and answers
Updated: Aug 31, 2026
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Oracle 1z0-1081-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financial Consolidation and Close 2023 Implementation Professional |
| Exam Number: | 1Z0-1081-23 |
| Exam Duration: | 90 minutes |
| Passing Score: | 66% |
| Exam Price: | $245 USD |
| Related Certifications: | Oracle Cloud Enterprise Performance Management |
| Available Languages: | English |
| Certificate Validity Period: | 24 months |
| Real Exam Qty: | 55-60 |
| Exam Format: | Scenario-based Questions, Multiple Choice |
| Recommended Training: | Oracle Financial Consolidation and Close 2023 Implementation Training Oracle EPM Cloud Learning Subscription |
| Exam Registration: | Pearson VUE Scheduling Oracle University Registration |
| 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 |
Oracle 1z0-1081-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Close Process and Journal Management | 22% | - Approval units and workflow - Journal creation, approval and posting - Supplemental Data setup - Task Manager configuration |
| Topic 2: Data Integration and Reporting | 22% | - Data loading and integration configuration - Financial reporting and dashboards - EPM Automate and application maintenance - Data forms and valid intersections |
| Topic 3: Application Setup and Configuration | 28% | - Security setup and role assignment - Dimension management and metadata configuration - System settings and validation - FCCS architecture and business process setup |
| Topic 4: Consolidation Process and Logic | 28% | - Currency translation and exchange rates - Ownership management and consolidation methods - Consolidation workflow and balance calculation - Intercompany eliminations and adjustments |
Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:
Question 1
Which statement is true of reporting currencies?
A. All reporting currency members have the suffix Reporting.
B. During consolidation, rates for translating to reporting currencies are calculated by triangulation through the rate for translating to the parent currency.
C. All input currencies that you add are automatically added as reporting currencies as well.
D. When you run the Consolidate business rule, you can select one or more reporting currencies to translate to.
Question 2
For which four dimensions does Financial Consolidation and Close maintain calculation status? (Choose four.)
A. Consolidation
B. Entity
C. Period
D. Data Source
E. Year
F. Scenario
Question 3
Which two statements are true about the roll forward calculation in the Movement dimension? (Choose two.)
A. Values for Opening Balance are retrieved from the prior period's Closing Balance.
B. Data for opening balances must be loaded to the Opening Balance member prior to consolidation.
C. Values for base-level Movement members are calculated as the difference between Closing Balance and Opening Balance.
D. Translated values for Closing Balance are adjusted to the ending rate for the period.
Question 4
Which statement is FALSE about the Equity Pickup feature?
A. Equity Pickup requires that Ownership Management with the Equity Pickup feature is enabled.
B. Seeded rule sets are provided for Equity Pickup.
C. Equity Pickup rules are run on demand from the Rules card by users with launch permission.
D. Equity Pickup rules run as part of the consolidation process
Question 5
Which statement is FALSE when you are cloning a Financial Consolidation and Close environment?
A. The most recent Artifact Snapshot created by daily maintenance is used for the snapshot.
B. You must have both the Service Administrator and Identify Domain administrator roles to execute the Clone.
C. You can include the inbox and outbox contents in the clone.
D. You can include Data Management artifacts in the clone.
Solutions:
| Question 1 Answer: D | Question 2 Answer: B,C,E,F | Question 3 Answer: A,D | Question 4 Answer: A | Question 5 Answer: A |
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