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

Oracle Financial Consolidation and Close 2023 Implementation Professional Sample Questions:

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.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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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
Reveal Solution  Discussion  0

Correct Answer: B,C,E,F  🗳️

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

  • A. Movement
  • B. Multi-GAAP
  • C. Account
  • D. Scenario
  • E. Entity
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

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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
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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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.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).

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