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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

Question 1

Which of the following is allowed for accounts with the data storage type of Dynamic Calc?

A. Load data to this account and create member formulas.
B. Enter data through a data form.
C. Create member formulas.
D. Load data to this account.


Question 2

Which statement about Opening Balance Override rules is true?

A. You can select which accounts to include in the rule scope.
B. You can select which entities to include in the rule scope.
C. They are available only if Intercompany Data with Tracking is enabled for the business process.
D. Opening Balance Override rules execute for the first period in the year only.


Question 3

Security is enabled for the Account dimension, but you have not assigned member access rights to any users or groups.
What will be users' default access to members in the Account dimension?

A. None
B. Read
C. Write
D. Comment


Question 4

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 5

Which two statements are true about Enterprise Journals? (Choose two.)

A. Line items can only include entities that have been enabled for Enterprise Journals.
B. Users with either the Service Administrator or Power User role can create Enterprise Journal templates.
C. You can assign a team as preparer or reviewer.
D. You cannot deploy Enterprise Journals to a period with Pending status.


Solutions:

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

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