Exam Code: 1z0-1081-23
Exam Name: Oracle Financial Consolidation and Close 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Oracle 1z0-1081-23 Exam Syllabus Topics:

SectionWeightObjectives
Application Setup and Configuration28%- System settings and validation
- Security setup and role assignment
- FCCS architecture and business process setup
- Dimension management and metadata configuration
Consolidation Process and Logic28%- Ownership management and consolidation methods
- Consolidation workflow and balance calculation
- Intercompany eliminations and adjustments
- Currency translation and exchange rates
Data Integration and Reporting22%- Data loading and integration configuration
- Data forms and valid intersections
- EPM Automate and application maintenance
- Financial reporting and dashboards
Close Process and Journal Management22%- Approval units and workflow
- Task Manager configuration
- Journal creation, approval and posting
- Supplemental Data setup

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

1. You want to prevent users from saving data in a form if the value entered for Headcount is greater than 1000.
What is the most efficient means to accomplish this?

A) Create a Groovy rule.
B) Create a Configurable Consolidation rule.
C) Create a Task Manager rule.
D) Create a valid intersection rule.


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

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


3. Which three dimensions can be included in an approval group? (Choose three.)

A) Movement
B) Multi-GAAP
C) Account
D) Scenario
E) Entity


4. Which two rate accounts are available in the seeded exchange rate forms? (Choose two.)

A) Ending Rate
B) Opening Rate
C) Local Rate
D) Average Rate


5. Why should years be consolidated sequentially; i.e., first 2018, then 2019, then 2020?

A) Years should be consolidated sequentially to ensure that rollforward calculations are correct.
B) There is no reason to consolidate years sequentially.
C) Parent account calculations depend on the sequencing.
D) Each period in the year must consolidate separately.


Solutions:

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

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