Oracle 1z0-1081-23 real exam prep : 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 04, 2026
  • Q&As: 60 Questions and Answers

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Oracle 1z0-1081-23 Exam Syllabus Topics:

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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. When you set the Intercompany Account attribute for an account to Yes, which additional attribute must also be set in order for the account to be included in the elimination process?

A) Plug Account
B) Is Plug Account
C) Intercompany Account
D) Intercompany Entity


2. You are required to create a form that allows users to input data. Which three actions are consistent with this?
(Choose three.)

A) Set the consolidation member on the form to FCCS Entity Input.
B) Set the currency on the form to Parent Currency.
C) Grant the data input users Write access to the dimension members used on the form.
D) Select level 0 dimension members for POV\ rows, and columns. www*'
E) In the member selection for Entity, do not include shared entities; include only primary instances of entities.


3. For which scenario would an On-Demand rule be an appropriate solution?

A) To allocate data to base entities prior to consolidation
B) To add a column with a calculation to a report
C) To perform a custom currency translation for a subset of accounts
D) To import data into a form or Smart View worksheet


4. Which statement is FALSE about Task Manager schedules?

A) You can re-open a schedule that has been locked.
B) You can still add tasks to a schedule that has been closed.
C) To start all the tasks in a schedule, you must change the status from Pending to Open.
D) Users can still complete tasks in a schedule that has been closed.


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


Solutions:

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

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